Citi’s Global Transaction Services has announced that it has signed an agreement with Bank of China (Hong Kong) (BOCHK) to appoint Citi as its continuous linked settlement (CLS) nostro agent for US dollar. Under the agreement, Citi will provide nostro account services and liquidity to BOCHK to facilitate CLS settlement with CLS Bank, the industry-operated foreign exchange cooperative, owned by 69 shareholder banks. BOCHK’s parent company, Bank of China Limited, became a shareholder bank of CLS Bank in late 2006. Acting as a settlement member, BOCHK is closely involved in its parent’s global CLS initiative. Citi was selected as BOCHK’s Nostro Agent Bank through a selective bidding process that included other major service providers.
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