Euroclear Bank is to offer settlement and safekeeping services for European Union Allowance units (EUAs) and Certified Emission Rights (CERs). Effective in March 2008, Euroclear Bank clients will be able to settle spot contracts traded on the Climate Spot Exchange (CSX), OTC or elsewhere and hold the allowances in Euroclear Bank, which will offer custody services for these holdings, with its ClimateSettle product. Trade settlement via ClimateSettle will typically occur on a T+1, delivery-versus-payment basis, and will include multilateral netting. Settlement will be against euros only initially; other settlement currencies will be added in line with client needs.
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