Deutsche Börse’s private tender offer for the shares in Cedel International has reached the two-thirds majority that was a precondition for the closing of the transaction. The offer values Cedel’s 50 percent stake in the settlement house Clearstream International at 1.6 billion and Cedel’s remaining assets at 0.14 billion Euro. Preparations for the integration of Clearstream into Deutsche Börse Group are ‘progressing on schedule’. Assuming satisfaction of the outstanding conditions and completion of the offer, Deutsche Börse and Clearstream anticipate that the integration will be completed by early 2003. Deutsche Börse and Clearstream will create a full service provider for the securities industry ‘setting the standard for ‘straight-through processing’ by optimally coordinating and fine-tuning all systems for trading, clearing and settlement’.
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