The European high yield market produced a default rate of 20.9% on default volume of $12 billion in the first six months of 2002, according to Fitch Ratings. Both the number of defaulted issuers and default volume topped full year 2001 levels. In the six month period, 19 issuers defaulted on their bond obligations compared to 18 for all of 2001. Further, the large size of defaults in the first half, including Netia Holdings, United Pan Europe Communications, Energis, and NTL Communications, pushed default volume to triple the level recorded in 2001 of $4.2 billion. The default rate of 20.9% compares to a six month U.S. high yield default rate of 9.5% on default volume of $57.3 billion.
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