A cashflow matching solution that offers straight-through processing of OTC derivatives cashflows – both cross-product and across whole life-time of the trade – has been unveiled by Scrittura. The system has been developed in response to recommendations made by the Cashflow Matching Working Group of the International Swaps and Derivatives Association (ISDA), the global representative body for the over-the-counter (OTC) derivatives market. An ISDA strategic plan gives banks a deadline of 2006 to have systems in place that undertake cross-product matching and netting of cashflows across all OTC transactions for any settlement date. Scrittura Cashflow Matching generates a SWIFT cashflow payment message, matches via a central utility and then delivers a confirmation to the counterparties. Cashflows are netted into one message, which significantly reduces the cost of SWIFT processing.
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