PayQin’s Post

A big thank you once again to Rachel Edgecombe and Planixs for hosting another International Banks round table. It was a great conversation with Stephanie Henderson-Begg providing her Regulatory expertise. Here are the key discussion points from our event: - Mobilising Liquidity for Sharia-Compliant Banks: Leveraging tools like Commodity Murabaha, Ijara, Sukuk, Repos, BoE's Alternative Liquidity Facility, and Islamic money market platforms. - On-Going Education of Parent Companies and Senior Management: Focus on regulatory and operational education, compliance, and strategic governance in parent locations. -  Preparing for Solvent Exit Planning: Ensure capabilities and playbooks in place to deliver PS5/24 solvent exit planning by October next year for non-systemic banks and building societies. - Impact of T+1 Settlement on Liquidity Management: Enhance liquidity oversight and develop more robust capabilities for shorter settlement timelines. #ShariaFinance #LiquidityManagement #LiquidityRisk #Liquidity #Treasury #Regulation#RiskManagement #FinancialStability

Japan Securities Clearing Corporation partners with State Street on USD cash collateral. State Street Bank and Trust’s sponsored repo structure with the FICC will help to support USD cash collateral posted by clients https://lnkd.in/eXhTqXjz #SecuritiesLending #banking

Japan Securities Clearing Corporation partners with State Street on USD cash collateral. State Street Bank and Trust’s sponsored repo structure with the FICC will help to support USD cash collateral posted by clients https://lnkd.in/eryh7HKP #SecuritiesLending #banking

SIFMA C&L Society “In the current financial system, commercial bank money, wholesale central bank money, and securities such as U.S. Treasuries and investment grade debt all reside on separate systems. The tokenization of these instruments may enable settlement on a common regulated venue established under existing legal frameworks. To explore this potential, members of the regulated U.S. financial sector today announced a Regulated Settlement Network (RSN) proof-of-concept (PoC) that will explore the feasibility of shared ledger technology to settle tokenized commercial bank money, wholesale central bank money, U.S. Treasury securities and other tokenized assets.”

Today is the first official day of T+1 settlements! 🙌 That means that equity transactions settle just one day after their trade. 💵 New technology and the digitization of records and payments 💻💰 made it possible to reduce the time required to finalize trades to 24 hours or less. It’s a big change for the markets, and a huge milestone. 🚩 The Depository Trust & Clearing Corporation (DTCC) SIFMA #FinancialNews #MoneyTip #FinancialKnowledge #FinancialLiteracy 

NEW: Instant* FX Trading across your iFAST Global Bank Limited Safeguarding & Operational Accounts! At last! Safeguarding and instant* FX available with a single provider across eight currencies, no more waiting days for funds to settle externally, no more additional costs! Combine your FX and safeguarding requirements with iFAST Global Bank; gain competitive FX rates AND same day availability of funds coupled with enhanced credit interest on balances across seven currencies. No more prefunding your FX, moving money from safeguarding / client accounts back and forth to FX providers; crossing your fingers (and toes) hoping your settlement will occur in time to make your clients’ payouts…. On November 1st, DTB formally launched instant FX trading for iFAST GB Business clients. Clients can receive cleared funds in as little as one minute post trade, creating significant efficiencies and cost savings. Rob T., Senior Relationship Manager and Business Lead, for the project at iFAST Global Bank says: “EMIs and regulated firms holding client funds, often need to wait days for FX to settle. Prefunding on the sell side and awaiting funds on the buy side can be inefficient and onerous. By leveraging iFAST Global Bank’s Instant FX offer and combining this with iFAST Safeguarding accounts you will save time, money, improve your working capital and delight your clients with faster FX and immediate payouts.” With 24/7 rate calls from live market sources; customisable tiers by trading amount, currencies and notional volumes and ability to place trades even on currency holidays, iFAST Global Bank Instant FX Own Account trading mitigates a real pain point for EMIs and APIs third-party payments. iFAST Global Bank, a wholly owned subsidiary of SGX Listed iFAST Corporation, XSES: AIY with a Market Cap of 2.32 billion; specialises in providing digital transaction banking (DTB) solutions, safeguarding and client money accounts to regulated NBFIs in the UK and Europe. *Subject to Currency Cut off’s: Six currencies available same day within UK working hours. #clientmoney, #safeguarding, #instantFX, #foreignexchange, #digitalbanking iFAST Corporation Ltd. | iFAST Financial (Singapore) | iFAST Global Markets (Malaysia) | iFAST Financial (Hong Kong)

Societe Generale has become the latest firm to go live on CLS’ cross currency swaps (CCS) service. The firm aims to leverage CCS to optimise liquidity and mitigate settlement risk, says Pierre-Jean Benazech, Société Générale’s global head of cross CCY swaps trading in a statement. The bank sees the service’s payment-versus-payment (PvP) settlement system and netting capabilities as a “positive step forward” for its foreign exchange (FX) operations.

Japan Securities Clearing Corporation partners with State Street on USD cash collateral. State Street Bank and Trust’s sponsored repo structure with the FICC will help to support USD cash collateral posted by clients https://lnkd.in/eNr3d89N #SecuritiesLending #banking

Thrilled to share that BNY will support Cboe Clear Europe's Clearing Members in managing the collateral obligations of their cleared transactions on our Global Collateral Platform

Have you heard about US dollar and euro Swift payments with BVNK? We’ve enabled Swift payments on our platform to provide our customers with more options for how they move their money. Businesses can send EUR or USD to the BVNK platform, convert to stablecoins then make onward payments to partners, customers or employees globally. Or receive stablecoins from partners or customers, auto-covert to USD or EUR, and send via Swift to your own bank accounts. Learn more on our blog: https://lnkd.in/eZzNeww4