Markit Group has announced that an AJ tranche has been added to the off-the-run Markit CMBX indices. The new tranche is designed to provide enhanced trading opportunities to institutional investors seeking exposure to an additional credit class. The company added an AJ tranche – the most subordinate of the AAA rated tranches – to the on-the-run Markit CMBX 4 index when it rolled in October last year. The new tranche has now been added to the off-the-run CMBX 1, CMBX 2 and CMBX 3 indices as well. The seven index tranches reference bonds rated AAA, AJ, AA, A, BBB, BBB- and BB respectively. Ratings are required from at least two of the following rating agencies: Fitch, Moody’s and Standard & Poor’s. A new series of CMBX is issued every six months.
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