Latest Industry Sectors Articles
Shortening the securities settlement cycle became a major aim in the financial market space after the financial crisis. Central Security Depository Regulation (CSDR) mandates European countries to operate on a trade date plus two days (T+2) settlement cycle before 2014 year-end. In the US, the Depository Trust and Clearing Corporation (DTCC) has already commenced research studies and initiatives to define a path for moving to T+2 from T+3.
Multinational corporations, pleasantly surprised by US regulators unexpectedly exempting them last month from uncleared swap margin requirements, now anxiously await the outcome of the European proposal. It would require European financial institutions to impose margins on all corporate counterparties outside Europe and could result in a fragmented and more costly swap market.
Despite the launch of SWIFT’s AllianceLite2 in July 2012 the future still looks bright for third party service bureaux willing to adapt and innovate in the face of a changing competitive and technology landscape. Mohan Murali is president of Axletree Solutions, one of the leading SWIFT service bureaux (SSBs), for several major US corporates.
Etihad Airways has transformed its profit and loss (P&L) forecasting and cost modelling procedures to introduce dynamic planning. Helped by a new Adaptive Insights software tool that shifts accountability for inputs to the business and encourages everyone’s participation, the overhaul has eliminated disparate Excel and Access-based models to enable more analysis.