18 December 2017
Visit http://cib.db.com

Cpmarkets signs Deutsche Bank as first IPA

14 November 2000  |  2761 views  |  0 Cpmarkets signs Deutsche Bank as first IPA

Deutsche Bank is to provide an Issuing and Paying Agent (IPA) service to Internet-based commercial paper distribution platform, cpmarket.com.

The agreement with Deutsche Bank's Corporate Trust & Agency Services division is the first signed between Prescient Markets - developer of the cpmarket service - and an IPA.

Once the link is in place, cpmarket will be able to directly link commercial paper issuers to an IPA for direct settlement of transactions. The interface between the two is expected to be ready by the end of the month.

Laurent Paulhac, CEO and founder of Prescient Markets, says: This link will integrate the settlement process in cpmarket.com by communicating trade execution details to the IPA and settlement status back to the issuer."

Deutsche Bank's Corporate Trust & Agency Services is one of the largest paying agents in the United States. In the US Commercial Paper market it processes over 1300 trades a day with average daily volumes of US$24 billion.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Brief: Deutsche Bank signs global license with S&P

Brief: Deutsche Bank signs global license with S&P

21 September 2000  |  2525 views  |  0 comments
Deutsche Bank joins BondBook

Deutsche Bank joins BondBook

21 September 2000  |  3390 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit http://cib.db.comvisit www.niceactimize.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11349 views comments | 3 tweets | 4 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
10525 views comments | 21 tweets | 26 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7843 views comments | 19 tweets | 22 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7635 views comments | 5 tweets | 11 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7515 views comments | 6 tweets | 26 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job