PPG Industries successfully executed a $30 million standby letter of credit using the LCconnect platform, with nine U.S.-based banks and six foreign banks invited to bid on the transaction. Through the LCconnect system, companies can run a negotiated reverse auction with their relationship banks, ultimately awarding their LC business to any of the participating banks. The value of the letter of credit market is estimated at $1.5 trillion globally, with the U.S. market accounting for approximately one-third of total outstandings.
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