Citi’s Global Transaction Services business, acting through Citibank N.A., has announced that it has been appointed by Chemspec International Limited (Chemspec), a China-based contract manufacturer of highly engineered specialty chemicals, as the depositary bank for its NYSE-listed American Depositary Receipt (ADR) programme.
Chemspec’s ADR programme was established through a US$72.7m offering, originally priced at US$9 per ADR, representing the third IPO of 2009 conducted in ADR form. The ADRs are listed on NYSE under the symbol ‘CPC’. Each ADR represents 60 ordinary shares; however, as a single-listed ADR programme, the underlying ordinary shares are not publicly traded in the issuer’s home market.
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