Eurexis now offering futures on the Dow Jones STOXX 600 SM Banks and Dow Jones Euro STOXX SM Banks indices in the United States. The U.S. regulatory agency Commodity Futures Trading Commission (CFTC) issued the appropriate "no action letter" to
Asia Global Crossing announced today that it has determined to avail itself of the 30 day grace period for paying the interest due on April 15th on its $408 million of 13.375% Senior Notes due 2010. The grace period will
JPMorgan Treasury Services, a unit of JPMorgan Chase (NYSE JPM) and a leader in global payment, trade finance and treasury services management, today announced that it would be the first financial institution to offer a white label version of the
Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of
Today the Government Securities Clearing Corporation (GSCC), the bond clearing and settlement arm of the Depository Trust and Clearing Corporation (DTCC), offered a closer glimpse at the nirvana of the collateral management industry cross margining. It announced that cross margining
The Depository Trust & Clearing Corporation (DTCC) announced today that John C. Ziambras has joined its Insurance Services group as vice president of sales. Ziambras comes to DTCC from Prudential Select Brokerage, a division of the Prudential Insurance Company of
It was announced today that a further sixteen banks have joined the cross border retail payments system operated by the European Banking Association (EBA). In all, 179 banks now participate in the system, including some from countries outside the European
Brennan Succeeds Bolsover at Baring Asset Management Baring Asset Management, a unit of ING Group, has appointed David Brennan chairman and chief executive, effective July 1.Brennan has been with the company for 14 years and has been chief executive of
STRATE and Georgesons, the US headquartered shareholder communications group, are involved in joint venture discussions aimed at achieving full conversion of physical scrip into electronic records of share ownership. Although trades in all listed equities are now settled electronically, shares
Asia Global Crossing announced today vendor financing agreements with both of its major construction vendors, KDDI SCS and NEC. These agreements will reduce related payments for capital expenditure by approximately $230 million this year. KDDI SCS and NEC are each