The International Primary Market Association (IPMA) has published a new recommendation on the disclosure to be made by Lead Managers to syndicate members when launching a new debt issue which is to be distributed by the so-called ‘pot’ method. Recommendation 1.20 is effective for deals launched on and after 21st October. In a ‘pot’ distribution, all or a portion of a new issue is set aside to be allocated to investors out of a central order book run by one or more of the Bookrunners for the issue. This well-established US market practice has become common in the Euromarkets. The Recommendation was adopted in response to market participants’ desire to standardise the information made available to potential syndicate managers when they are invited to join such an issue, with particular emphasis on the importance of early disclosure. The Recommendation does not apply to equity or equity-linked debt issues.
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