Bloomberg has opened the first overnight index swaps market in Indonesia, creating the only fixing and valuation platform for this new market. Overnight index swaps are an efficient tool for companies, banks and other financial institutions to hedge against short-term interest rate risk and fluctuations. Fifteen banks are participating in the Bloomberg Indonesian Overnight index swaps fixing, each contributing daily rates. Bloomberg said that the launch of the new market underlined its commitment to helping the Asia-Pacific capital markets grow. The first transaction on the platform took place on 7 December 2004 with Deutsche Bank Jakarta swapping obligations between the overnight fixing of Indonesian Rupiah with the counter-party HSBC Jakarta.
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