The Hong Kong Monetary Authority (HKMA) has extended HSBC’s appointment as settlement institution for its US dollar clearing system for another five years.
HSBC, the sole settlement institution for US dollar clearing since the system was launched in August 2000, has been selected for the third consecutive term.
The local US dollar clearing system facilitates the efficient real-time settlement of US dollar transactions during Asian business hours, attracting an enthusiastic response from local and overseas banks. It also provides payment-versus-payment (PvP) and delivery-versus-payment (DvP) settlement for foreign exchange (FX) transactions involving US dollar and US dollar denominated securities.
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