Posts in category

Fund settlement


Singapore Marketnode, a joint venture between the Singapore Stock Exchange (SGX) and public investment firm Temasek, has announced plans to launch the blockchain-based FundNode in association with the Singapore Funds Industry Group (SFIG) in 2023 . The industry-wide solution aims to provide a centralized hub for asset managers to record transactions, process funds and for …

April 28, 2022 Anderson kills To print this article, all you need to do is be registered or log in to Mondaq.com. Key points: Liberty Insurance insurers must pay funds to settlement trust formed by USA Gymnastics bankruptcy settlement with Nassar sex abuse victims Court rules Nassar’s guilty plea to …

Currently, Steinhoff owns 68.2% of Pepkor. Steinhoff plans to sell up to 370 million ordinary shares of Pepkor to help fund a R25 billion offer in compensation to settle a slew of lawsuits. These plaintiffs are suing the company following the fall in its share price. The 370 million shares represent a nearly 10% stake …

By Rick Archer (Jan.26, 2021, 6:43 p.m. EST) – A Delaware bankruptcy judge said on Tuesday he was ready to send the men’s suit retailer Brooks Brothers Chapter 11 plan for a creditors vote, including a settlement of nearly $ 70 million claim against the company for pension funding. The plan in the disclosure statement …

As part of an experimental program led by the Banque de France, more than ten fund share transactions, for a total amount of over 2 million euros, were carried out in December 2020 on a platform blockchain UCITS from IZNES using banking digital currency (CBDC). The pilot, carried out in collaboration with SETL, Citi, CACEIS, …

Zero Hash – formerly the crypto derivatives exchange known as Seed CX – announced on Wednesday that it has closed a Series C fundraiser to help it further develop its settlement-as-a-service business. Revealed exclusively at The Block, the firm hopes that this new injection of cash will help it achieve profitability by the end of …

In Japan, the rapid growth of online markets as well as the record number of tourists mean that cross-border money transfer business is more prevalent than ever. As transfers via the banking network are often too expensive for frequent money issuers, alternative solutions for money transfers have developed considerably to meet social needs. One of …

Millions of investors use mutual funds to invest, leveraging their holdings diversified from a wide range of different asset types. Behind the scenes, mutual funds must comply with regulations regarding the settlement of purchases and sales of their stocks, and the rules they follow differ from what brokerage firms must do with stock transactions. Let’s …

FNZ, a leading provider of transaction and custody services to the global wealth management platform industry, with £ 45 billion in assets under administration, has signed a strategic partnership agreement with the central custodian of UK securities, Euroclear UK & Ireland (EUI). Under the agreement, FNZ will integrate its fund settlement process with EUI to …