Custody

Taiwan Allows Foreign Investors To Buy Unwanted Rights

The Securities Futures Commission (SFC) in Taiwan has announced that Qualified Foreign Institutional Investors (QFIIs) and General Foreign Institutional Investors (GFIIs) are allowed to accept subscription rights of new stocks transferred by the original shareholders of a listed company on

ABN Amro Gives EDS US$1.3 Billion IT Outsourcing Contract

ABN AMRO and EDS announced today that they have reached an agreement on an IT outsourcing contract for ABN AMRO's Wholesale Client (WCS) Strategic Business Unit which includes corporate and investment banking services. The contract covers the provision of technology

Naspers Ltd Selects BNY For Its ADR Programme

The Bank of New York announced today that Naspers Limited has selected the Bank as depositary for its NASDAQ listed American depositary receipt (ADR) program. One ADR equals ten ordinary shares and trades on NASDAQ under the symbol "NPSN." The

Sanwa Finance Chooses BNY As Trustee For Bond Issue

The Bank of New York announced today that it has been selected by Sanwa Finance Co., Ltd. to provide trustee and agency services for the Pylos II financing. The Bank of New York Trust Company (Cayman) Limited has also been

BNY Launches Irish Listing and Paying Agency Services

The Bank of New York announced today that it has added Irish listing and paying agency services to its range of global trust services. The Bank's London branch will act as listing agent, with the paying agent role provided by

Abbey National Chooses BNY As Trustee For Structured Notes

The Bank of New York announced today that it has been selected by Abbey National Treasury Services plc (ANTS) and Abbey National Financial Products to provide trustee, issuing and principal paying agent, registrar and custodian services for the C Sprint

Ambac Assurance Choosses BNY As Paying Agent And Custodian

The Bank of New York (BNY) announced today that Ambac Assurance UK Limited had chosen the bank provide paying agent and custody services for its European secondary market insurance program. The program facilitates the provision of a triple A rated

Summit REIT Chooses BNY Trust Company of Canada As Trustee

BNY Trust Company of Canada, a subsidiary of The Bank of New York, announced today that it has been selected to serve as custodian, security agent, master servicer and special servicer for Falcon Trust, Summit REIT Limited Partnership's CAD $147,500,000

Dresdner Problems Prompt Allianz Chairman To Quit

The troubles at Dresdner Bank have finally prompted change at the top of parent Allianz. It was announced today that Henning Schulte Noelle (60) will resign his position as Chairman of the Board of Management of Allianz AG at the

BNY Selected as Trustee For CoxHealth Systems Bond Issue

BNY Trust Company of Missouri, a subsidiary of The Bank of New York Trust Company of Florida, N.A., announced today that it has been selected to serve as a master trustee, bond trustee, tender agent, paying agent and registrar for