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Showing 371 - 380 of 819 results for "Settlement"

Saxo launches digital access to Chinese bonds

JAMIE WILLIAMSON  |  WEDNESDAY, 6 MAR 2019
... simple 'click to trade' functionality. Investors will have access to 127 bonds with CNH (offshore Chinese yuan) as the settlement currency. "With options to invest in, for example Chinese onshore government bonds and central bank paper, institutional ...

IOOF braces for new super package, grandfathered commissions changes

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
... year on year, boosted by the sale of the corporate trust business ($34m), recovery amounts received from a litigation settlement ($25m) and goodwill impairment of Perennial Investment Partners ($28m). The first half was also strengthened by the transition ...

J.P. Morgan introduces digital currency for instos

JAMIE WILLIAMSON  |  FRIDAY, 15 FEB 2019
... between J.P. Morgan's institutional clients. It is redeemable for the equivalent amount in US dollars, thereby reducing settlement times, the bank said. J.P. Morgan said it will begin using the coin for a fraction of the $8.45 trillion it moves for institutions ...

ASIC gears up for Brexit

KANIKA SOOD  |  MONDAY, 11 FEB 2019
... in relation to non-UK counterparties. ASIC said it will update its information sharing arrangements on clearing and settlement facilities with the BoE. ASIC and Reserve Bank of Australia are working with the BoE, who has confirmed it will conduct an ...

Ponzi scheme fined $1.4bn

KANIKA SOOD  |  WEDNESDAY, 30 JAN 2019
... organization, and from participating in any offering of a penny stock." A liquidation trust being set up under the bankruptcy settlement will make distributions from liquidating the companies' assets. The Securities and Exchange Commission is continuing ...

Blockchain comes to managed funds

KANIKA SOOD  |  TUESDAY, 4 DEC 2018
A global funds network used by 95% of Australian platforms will migrate its entire network to blockchain in May 2019. Calastone expects its new distributed market infrastructure (DMI) to dramatically improve the infrastructure for trading and reporting ...

Labor responds to Royal Commission, sheds light on victims of misconduct

HARRISON WORLEY  |  TUESDAY, 13 NOV 2018
The Labor Party submitted a response to Commissioner Kenneth Hayne's interim report, documenting feedback to the Royal Commission through victims of bank misconduct, including claims banks go out of their way to avoid compensation settlements. In ...

Link, CBA ink $1.6bn PEXA deal

JAMIE WILLIAMSON  |  TUESDAY, 6 NOV 2018
A consortium comprising Link Group and Australia's biggest bank will acquire Property Exchange Australia (PEXA) for $1.6 billion. Last month Link Group, Commonwealth Bank of Australia and Morgan Stanley Infrastructure Partners made an offer to acquire ...

RBA calls for more innovation

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... make fast payments 24x7, all year round. This was made possible by the central bank's new service called the Fast Settlement Service (FSS), which settled the payments between ADIs across accounts at the Reserve Bank in real time. The end result? ...

Downsizer scheme gains ground

JAMIE WILLIAMSON  |  WEDNESDAY, 24 OCT 2018
... measure must be 65 or older; the house sold must be a main residence; and the contribution must be made within 90 days of settlement. Further, the sale must have taken place post-1 July 2018 and must have been owned for a minimum of 10 years before the ...