Dresdner Responds To ECHO But Doesn't Say Yes Or No
BANKS
Dresdner Bank, one of the current "founding members" of the European Clearing House Organization (ECHO) multilateral netting project, will try to avoid giving either a 'yes' or 'no' answer on February 28, when decisions on whether to put up money for the project are due. ECHO's other German member bank, Deutsche Bank, decided to quit the project after studying the 68-page business plan earlier this month (FX Week, February 14).
According to treasury director Rolf Willi, Dresdner is currently
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