SWIFT, Clearstream and Northern Trust successfully trial tokenisation framework with SETL
The trial explored issuance, delivery versus payment, and redemption processes to support a tokenised asset market.
The trial explored issuance, delivery versus payment, and redemption processes to support a tokenised asset market.
Global financial messaging cooperative prepares for consequences of joint political statement.
Firms will now have a choice of using their own BIC code or Citco’s.
Custodian snaps up capital markets expert with 25 years of experience in client management, strategy and product solutions at the likes of SWIFT and Standard Chartered.
The hire comes at a crucial time for the exchange group as it looks to implement and roll out a number of key post-trade initiatives.
The report from ISSA shows a continued reticence to embrace the new standard as an alternative to the well-entrenched ISO 15022.
Last October, SWIFT announced its two-year strategy to transform payments and securities processing for banks and asset servicers.
Lisa O’Connor, head of capital markets strategy at SWIFT, talks to Global Custodian about how the cooperative plans to position its services to enable more efficient end-to-end transaction management, based on ISO 20022.
SWIFT plans to play a significant role in helping the industry to minimise securities settlement failures as part of its new two-year strategy.
The new strategy aims to enable instant and frictionless end-to-end transactions between the world’s financial institutions.