C&W's Real Time Service Shows Good Progress In 2004
Cable & Wireless’s Real Time Nostro (RTN) service now has a number of banks live on the system and additional banks have signed-up as users or providers of data. Royal Bank of Scotland, Santander Central Hispano, JPMorgan Chase, ANZ, Barclays and Citibank are all involved with RTN. Mizuho Corporate Bank, Bangkok Bank and RBC Global Services have also agreed to use RTN and are planning to go live on the service. The service offers institutions involved with foreign exchange and other international transactions a new way to share multi-bank, multi-currency ‘Nostro’ account data in real-time. This is in direct response to the banks’ need to improve liquidity management, reduce risk, increase operational efficiencies and respond to customer demand.