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Showing 431 - 440 of 819 results for "Settlement"

Spring FG acquires advice firm

ALEX BURKE  |  WEDNESDAY, 1 MAR 2017
... pay $2 million in cash for the business and $0.5 million in vendor shares at $0.20 per share. After an expected April settlement, a deferred payment of $1.3 million will be made. Spring FG managing director Keith Cullen said: "Financial Choice also has ...

Custodians turn attention to CIVs and MITs

DARREN SNYDER  |  THURSDAY, 9 FEB 2017
... ASIC Regulatory Guide 133 for managed investments and custodial services. The year also marked a movement to T+2 days settlement to improve efficiency of the Australian markets and bring it at par with global standards.

CBA and Queensland Treasury build blockchain bond

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2017
... the bond simplifies issuance process, provides greater transparency of the bookbuilding process and streamlines the settlement process as it acts as both the bond register and payment platform, thereby consolidating the payment and title transfer into ...

mFund to expand product offering

JAMIE WILLIAMSON  |  THURSDAY, 22 DEC 2016
ASIC is in the final stages of making a greater range of managed investment products available via the mFund Settlement Service. Until now retail investors could only apply for and redeem interests in simple managed investment schemes with a shorter ...

Two of the big four in ASIC spotlight

ALEX BURKE  |  THURSDAY, 22 DEC 2016
ASIC accepted enforceable undertakings from National Australia Bank and Commonwealth Bank of Australia following an investigation by the corporate regulator. The undertakings relate to the banks' wholesale spot foreign exchange businesses. ASIC determined ...

ANZ and Macquarie fined for cartel conduct

DARREN SNYDER  |  THURSDAY, 15 DEC 2016
... in relation to the benchmark rate for the Malaysian ringgit (ABS MYR Fixing Rate). The rate would ultimately affect settlement payments for MYR denominated non-deliverable forward contracts (NDFs). ANZ was a submitting bank for the MYR. Macquarie was ...

JPMorgan Chase to pay bribery fines

KERRIE SYDEE  |  FRIDAY, 18 NOV 2016
... case. The SEC considered the company's remedial acts and its co-operation with the investigation when determining the settlement.

NZ Super Fund settles stake in Kiwibank

KERRIE SYDEE  |  WEDNESDAY, 2 NOV 2016
The NZ Super Fund and ACC have announced the settlement of an investment in Kiwi Group Holdings, the owner of the Kiwibank. NZ Super Fund has acquired a 25% stake from NZ Post for $263 million, while ACC has invested $231 million for a 22% stake. The ...

Centrepoint settles Aviva lawsuit

ALEX BURKE  |  MONDAY, 17 OCT 2016
... has settled this and another matter with Aviva Asia for a sum including costs of around $500,000 in full and final settlement. This expense will be reflected in the FY17 group results."

ASX responds to CFR regulatory expectations

KERRIE SYDEE  |  WEDNESDAY, 12 OCT 2016
The ASX has updated its Cash Equities Clearing and Settlement Code of Practice to align with new Council of Financial Regulators (CFR) policy statements. In March the Federal Government asked CFR to prepare the policy statements to ensure the right ...