Banc of America Securities has announced the introduction of the High Grade Billion Dollar Index (BDI)’- the market’s first benchmark for billion dollar investment grade bonds. Unlike other indices which contain thousands of bonds, the Billion Dollar Index includes only the largest issues – $1 billion outstanding or greater and two or more years to maturity – currently totaling 341 issues. This constitutes a representative screen of the most frequently traded issues, with among the tightest bid-offer spreads, and these are generally the first to indicate valuation shifts in the bond market. The Billion Dollar Index has a significantly different profile from traditional broad- market indices. It is more global, with a 22% weighting in sovereign and quasi-sovereign issues. It also has a higher credit quality profile with an average rating of strong single A and with a 30% representation in triple A/double A credits.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more