Latest Wholesale banking News: Finextra Research

Japanese exchanges agree national clearing pact

Japan Securities Dealers Association and the boards of five Japanese stock markets have entered an agreement to establish a national unified clearing organisation.

17 January 2002

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HEX and IS Innovative Software cut market data deal

The Helsinki stock exchange (HEX), has signed an agreement with Germany's IS Innovative Software for the marketing and distribution of market data services in the Nordic and Baltic regions.

17 January 2002

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Logica contracts with eFunds for Indian RTGS project

Payments outfit eFunds has won a multi-million dollar subcontract to assist Logica with the implementation of a Real Time Gross Settlement (RTGS) project at the Reserve Bank of India (RBI).

17 January 2002

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DTCC proposes new settlement model

The Depository Trust & Clearing Corporation (DTCC) is drafting proposals for the construction of a new transaction inventory management system, designed to streamline securities settlement by creating a single point of entry for all trade-related data.

17 January 2002

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Prudential Financial outsources HR administration to Exult

Prudential Financial has signed a ten-year business process outsourcing agreement with California-based Exult covering the management of its human resources operation.

17 January 2002

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Tokai Bank Europe negotiates settlement with BSA

Tokai Bank has reached an undisclosed settlement with the Business Software Alliance (BSA), the industry watchdog representing software manufacturers worldwide, after it was found to be using unlicensed Microsoft software in its European operations.

17 January 2002

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Markets remain on track for T+1 says SIA

Capital markets participants in the US remain on track for meeting revised T+1 timescales and straight-through processing objectives according to speakers at a Securities Industry Association STP and T+1 conference in New York.

17 January 2002

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Salomon Smith Barney upgrades loan trading with Exis

Salomon Smith Barney has selected New York-based Exis' Genesis solution to upgrade its middle and back office systems for sovereign, distressed and corporate/par loan trading.

17 January 2002

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US Bank introduces commercial paper online reporting

US Bank Corporate Trust Services has introduced an Internet reporting and processing system for commercial paper and medium-term issuing and paying agency clients.

17 January 2002

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JPMorgan chooses Principia for commercial paper administration

JPMorgan Institutional Trust Services has licensed technology from New Jersey-based Principia Partners to support its global asset-backed commercial paper (ABCP) conduit administration business.

17 January 2002

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