Toyota Motor Credit Corp., the U.S. financing arm of the international auto industry giant, used TreasuryConnect LLC’s Internet-based trade execution platform Thursday, August 10, to conduct the first-ever online purchase of an interest rate cap. The transaction was one of two ‘landmark’ trades done over TreasuryConnect during the week of August 7; Xerox Corp. conducted the first online Canadian dollar-denominated interest rate swap Tuesday, August 8. ‘Toyota is excited to be participating in this emerging platform for derivatives trading,’ said Amit Shroff, Treasury Risk Manager, Toyota Motor Credit Corp. ‘We believe the financial world is migrating toward electronic trading platforms, and we are pleased to be evaluating TreasuryConnect as part of our strategy for moving in this direction.’
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.