Citibank has been appointed as the sole service provider of continuous linked settlement (CLS) Third Party Settlement Services of The Bank of East Asia (BEA). The agreement will enable BEA to settle its foreign exchange transactions through CLS Bank. Citibank CLS Settlement Services allows financial institutions that are not CLS Settlement Members to access the CLS settlement process. CLS is a real-time global settlement process that reduces settlement risk caused by foreign exchange (FX) transactions occurring across different time zones. Both sides of an FX transaction are settled simultaneously through CLS Bank on a payment versus payment basis.
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