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Citi and CME Clearing adopt blockchain for collateral management processes - Global Custodian – The Leading quarterly magazine covering the international securities services industry


Citi and CME Clearing adopt blockchain for collateral management processes
Blockchain-powered platform implemented to reduce costs of back office functions and speed up margin funding times.
December 18, 2017 7:07 AM GMT
Citi and CME Clearing have teamed up with Baton Systems to implement a blockchain-based platform as the firms look to reduce costs of back-office functions.
The platform allows banks to view their collateral in their ledgers in real-time and send cash or securities to clearing houses with one-click.
Citi and CME Clearing explained the blockchain software could significantly reduce costs of back-office operations and speed up margin funding times.
Traditionally banks have had to set aside capital as they wait for collateral to be settled, but the platform could see billions of dollars of capital freed up at major institutions. ....

Dominic Stevens , Stephen Marx , Arjun Jayaram , Australian Stock Exchange , Baton Systems , ஆதிக்கம் செலுத்தும் ஸ்டீவன்ஸ் , ஸ்டீபன் மார்க்ஸ் , அர்ஜுன் ஜெயரம் , ஆஸ்திரேலிய ஸ்டாக் பரிமாற்றம் , தடியடி அமைப்புகள் ,

Westpac and ASX silent as BT gouged over a billion from customers


Westpac and ASX silent as BT gouged over a billion from customers
Independent Australia
12 Jul 2021, 08:52 GMT+10
Westpac has continually failed to answer questions about the extent of its price short-changing of customers through its superannuation entity BT, writes Anthony Klan.
WESTPAC GROUP has failed to disclose to the ASX revelations that its superannuation and wealth arm BT is engaging in wholesale gouging of its customers, despite that information likely to stymie its planned multi-billion-dollar sale of the business.
The Klaxon over two weeks ago revealed that Westpac s BT had, over the past three years, gouged over $5 billion from its almost one million superannuation members, costing them over $1.65 billion a year. ....

Anthony Klan , Elisa Parrett , Dominic Stevens , Peter King , Andrew Leigh , David Park , Peter Marriott , Peter Nash , Westpac Group , Investments Commission , Westpac Banking Corporation , Westpac Banking , Australian Securities , Australian Financial Review , அந்தோணி கிளன் , ஆதிக்கம் செலுத்தும் ஸ்டீவன்ஸ் , பீட்டர் கிங் , ஆண்ட்ரூ லே , டேவிட் பூங்கா , பீட்டர் மேரியட் , பீட்டர் நஷ் , வெஸ்ட்பேக் குழு , முதலீடுகள் தரகு , வெஸ்ட்பேக் வங்கி நிறுவனம் , வெஸ்ட்பேக் வங்கி , ஆஸ்திரேலிய பத்திரங்கள் ,

Carnegie bets against ASX's 'diamond-encrusted white elephant'

Carnegie bets against ASX's 'diamond-encrusted white elephant'
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

Mark Carnegie , Dominic Stevens , Macquarie Technology Conference , குறி கார்னகி , ஆதிக்கம் செலுத்தும் ஸ்டீவன்ஸ் , மக்வரீ தொழில்நுட்பம் மாநாடு ,