Real-Time Nostro Service Launched by C&W

Cable & Wireless has announced the commercial availability of its new subscription-based online information service for the international payments industry – Cable & Wireless Real Time Nostro (Cable & Wireless RTN). Bangkok Bank and RBC Global Services, a division of RBC Financial Group, intend to provide data for Cable & Wireless RTN, while Dresdner Kleinwort Wasserstein will trial the service. The news represents a significant milestone in establishing Cable & Wireless RTN as the industry platform for sharing Nostro account balance and transaction details within the banking community and follows agreements from ANZ, Barclays, JPMorgan and Mizuho to provide data to the service, announced in May this year.

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