Unilever has become the first corporate issuer to actively make use of the euro commercial paper (ECP) market to issue one-day-maturity securities. Unilever has been using the infrastructure provided by Euroclear France since April 2003 to issue and settle these transactions. More than 100 Unilever ECP issues with next-day maturity have been issued and settled on the same day via Euroclear France. Euroclear is the only securities service provider to offer a same-day issuance and settlement service for overnight-maturity transactions. ‘The ability to issue next-day maturity paper in the ECP market provides issuers with a realistic alternative to using the US commercial paper market or bank borrowings for their overnight funding requirements,’ said Philippe Laurensy, Director and head of Fixed-Income Product Management at Euroclear. The placement of Unilever’s overnight paper was initiated by Goldman Sachs and Deutsche Bank. Deutsche Bank is also Unilever’s issuing and paying agent.
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