BNP, WLG Executives Disclose Results Of SWIFT Netting Tests
TECHNOLOGY
Executives from Banque Nationale de Paris (BNP) in New York and Westdeutsche Landesbank Girozentrale in Dusseldorf revealed results of separate tests of Society for Worldwide Interbank Financial Telecommunication's (SWIFT) advisory forex netting service at a SWIFT-sponsored seminar last week. Newly-appointed ECHO Netting chief executive (designate) Graham Duncan also spoke at the day-long show-and-tell, which was specifically orchestrated by SWIFT for the press.
ECHO, the European multilateral
More on Asset Liability Management
FX risk worries grow for US pension funds
Currency risks have risen on the list of priorities for pension funds amid fears of future negative cashflow
Morgan Stanley: inverted swap spreads will alter pension fund hedging
The inverted swap spread, where medium and long-term government bond yields exceed corresponding swap rates, is set to persist and will prompt a shift in the interest rate hedging stratagies of UK pension funds and insurers, according to US bank Morgan…
Solutions to rouble trouble
The rouble derivatives market developed in haste after further liberalisation of the currency in July 2006 and positive changes to the Russian Civil Code 1062, centring around the previous treatment of derivatives as gaming, in January 2007.
When volatile waters grow calmer
REAL-LIFE PROBLEMS, INNOVATIVE SOLUTIONS
How to play gravity-defying USD/JPY
REAL-LIFE PROBLEMS, INNOVATIVE SOLUTIONS
Diversifying through Africa
REAL-LIFE PROBLEMS, INNOVATIVE SOLUTIONS
Heading for the final USD selling opportunity
Hans-Guenther Redeker, global head of FX strategy at BNP Paribas in London, suggests a way to take advantage of the prospect of near-term dollar strength to protect against the likelihood of longer-term USD weakness.
Asian currencies at risk from oil surge
JAKARTA – Asian currencies have taken a hit from surging oil prices, which remained above $60 last week despite falling off record levels set earlier this month.