Tag: clearing and settlement

As far as offshore renminbi hubs outside of Hong Kong go, London rules the roost, but Australia’s quiet but determined bid is showing what an RMB ecosystem could look like

Swift may be slowly embracing blockchain technology after all through gpi Link, a gateway to interlink e-commerce and trading platforms with gpi

Getting the jump on FX movements is an artform: it involves finding common themes in disparate narratives and knitting them into real world scenarios. CT looks at some of the meatier metrics.

The city state's central bank is eager to use blockchain technology to reduce its role as the intermediary in interbank settlements.

New regulations have put the future of notional pooling in question. But Asia's capital controls mean treasurers at some multinationals still see it as key to handling trapped cash in the region.

With 60 banks now part of the Swift global payments initiative (gpi) network carrying out payments worth $100 billion a day, real-time cross-border funds transfer with full traceability is on the horizon

For corporate treasurers already mired in the costly, slow and opaque world of cross-border payments, ether could offer a real solution: real-time, cost-free, “crypto-payments” with the need to buy cryptocurrency.

CT corrects errors in a recent story.

Some of the world’s top companies – also including Roche, GE and others – join Swift’s global payment initiative pilot. But whether other “Swift corporates” will be able to go GPI-active remains to be seen.

Ten banks have entered a pilot programme of Cips phase II, which will allow 24-hour operation and net flow clearance.

A Swift solution – FINcopy – will inform the Reserve Bank of India in real time of every cross-border transaction involving the country.

The bank has moved $900 million across borders at lightning speed since tapping Ripple's blockchain solution. Its transaction services chief tells CT how, and details the limits of the system.