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Showing 421 - 430 of 819 results for "Settlement"

ASX flags imminent blockchain transition

KARREN VERGARA  |  THURSDAY, 17 AUG 2017
The ASX decision to replace its exchange settlement system in place of distributed ledger technology (DLT) or blockchain could come as soon as December. ASX chief executive Dominic Stevens said the exchange has undertaken initiatives and industry-wide ...

Wealth begins its blockchain reaction

DARREN SNYDER  |  MONDAY, 7 AUG 2017
... most sophisticated global markets on blockchain is the initiative of the ASX to replace its dated CHESS clearing and settlement system. "We're on six different working groups [here]," Colle says. He makes it no secret that the BNP Paribas expansion strategy ...

Industry fund and wealth manager finalise integration

EMMA RAPAPORT  |  FRIDAY, 28 JUL 2017
... was the acting chief investment officer, leading the StatePlus investment team. First State Super reached a binding settlement agreement with State Super to acquire StatePlus in March 2016 for a reported $1 billion, creating the largest member-owned ...

Looming super reforms benefit millions

JAMIE WILLIAMSON  |  FRIDAY, 23 JUN 2017
... when money hits the fund's bank account. Therefore a transfer which is made on 30 June that is subject to a 24 hour settlement may not arrive in time...people using electronic transfers to make contributions need to do so well before this date to ensure ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
... transition to retirement income streams strictly being in the retirement phase. Additionally, members receiving a type of settlement or personal injury order will no longer have to pay tax on their superannuation income streams. The new transfer balance ...

Blockchain feasibility test successful: Calastone

KARREN VERGARA  |  TUESDAY, 13 JUN 2017
... Financial technology company Calastone completed the first phase of its blockchain testing by analysing the trades and settlement of mutual funds. This involved testing a large volume of trades across global markets to give a better understanding of ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... to the value of the member's income streams on 30 June 2017. This is to ensure that those who contributed structured settlement/personal injury compensation payments to super income streams before 1 July 2017 will not be penalised under the transfer ...

Financial services enters next cloud computing evolution

DARREN SNYDER  |  FRIDAY, 19 MAY 2017
... collaboration with key stakeholders, including clients and supervisors." DTCC aims to simplify the complexities of clearing, settlement, asset servicing, data management and information services across asset classes, bringing increased security and soundness ...

Gross and PIMCO settle dispute

EMMA RAPAPORT  |  TUESDAY, 28 MAR 2017
... toward colleagues, would have justified his firing had he not resigned. In a joint statement, Gross and PIMCO called the settlement "amicable", with Gross adding: "PIMCO has always been family to me, and, like any family, sometimes there are disagreements." ...

Custody sector hits $3 trillion

KARREN VERGARA  |  THURSDAY, 2 MAR 2017
The custody and administration sector grew 5.2% between June and December 2016, the latest figures from the Australian Custodial Services Association show. Assets under custody (AUC) for Australian investors reached $3 trillion for the first time, with ...