In a bid to add clarity to the issues surrounding withholding tax in structured finance transactions, Standard & Poor’s has published a legal criteria article which describes the ‘comforts’ the rating agency expects to receive when making a transaction. ‘There is a heightened risk of withholding tax when cash flows across a jurisdictional border,’ said Julie Lynch Bridson, Standard & Poor’s assistant general counsel. ‘In these instances, the tax authorities in the jurisdiction from which the cash left may require part of that amount to be remitted to it in the form of withholding tax.’ Bridson explained that the risk of withholding tax is particularly acute in the European securitization market, where cash is passed from payers in one country to an SPE issuer in another country.
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