
New York FX Committee Publishes Transaction Processing Guidelines
REGULATORS
NEW YORK--In its latest effort to develop a common framework of best practice guidelines for the global FX community, the New York Foreign Exchange Committee last month issued a set of recommendations on transaction processing.
The document has been drawn up by the association's Operation's Managers Working Group, and consists of a range of measures designed to minimize confusion and difficulties associated with settlement.
Counterpart Identification
Among other things, it provides advice on
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