Treasury News Network

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Connectivity

Swift announces 57% price reduction by the end of 2015

by Kylene Casanova

Swift expects to deliver a 57% price reduction on its messaging services by the end of 2015, exceeding its original target of 50%, set out in 2010 as part of its Swift2015 strategy.

Bank Relations & KYC

Swift launches payments and trade finance analytics tool

by Kylene Casanova

Swift has launched a tool, Watch Banking Analytics Premium, that enables its banking customers to analyse their payments and trade finance traffic over the Swift network.

Payments - Receipts

European Parliament votes to adopt PSD2

by Kylene Casanova

The European Parliament has adopted the European Commission's revised Payment Services Directive (PSD2), paving the way for safer and more efficient payments across Europe.

Cash & Liquidity Management

Yuan pips yen to become fourth global payments currency

by Kylene Casanova

The Chinese renminbi has become the fourth most-used payments currency, as of August 2015, according to the Society for Worldwide Interbank Financial Telecommunications (Swift).

Connectivity

How to manage connectivity standards today and tomorrow

by Kylene Casanova

Connectivity Series #3: Volante experts Hamilton and Clarke discuss with Mondelez’s Mike Foye global progress, the effective combination of global/regional and local banks, and possible new services on the horizon

Payments - Disbursements

Pre-funding settlement model introduced by Faster Payments

by Kylene Casanova

The Faster Payments Scheme Limited (FPSL) has announced a new ‘pre-funding’ settlement system, which guarantees settlement between all payment participants, eliminating any shared risk.

Payments - Receipts

Call for comments on revised SEPA rules

by Kylene Casanova

The European Payments Council has launched a public consultation on a revised version of the rules that govern SEPA Credit Transfers and SEPA Direct Debits.

Financing

Renewing EU securitisation is first step for CMU

by Kylene Casanova

New rules for the EU securitisation market could generate up to €150bn in additional funding for the European economy, according to the European Commission.