The EBA Clearing Company has announced the introduction of a new participation status, labelled ‘Pre-fund Participation (PFP),’ to the EURO1 clearing platform. The news follows the recent approval of PFP by the Governing Council of the European Central Bank (ECB). PFP participation allows newly joined STEP2 banks that are neither EURO1 nor STEP1 participants to directly and individually settle their daily STEP2 obligations. Unlike full EURO1 participants, PFP participants do not extend bilateral credit lines to other banks on the clearing platform nor do they need to appoint a EURO1 settlement bank.
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