The Belgian banking industry has chosen STET as its clearing and settlement mechanism (CSM). STET’s CORE system has been developed on a multiple CSM – single shared platform designed for processing existing national legacy payments or single euro payments area (SEPA) payments.
Sixteen banks will join the new CSM as direct participants:
- AWL (IPDTA)
- Bank van Breda
- BC/MC (IPDTA)
- BNP Paribas Fortis
- Crédit Agricole
- Delta Lloyd
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.