More NewsCitigroup and DCC Establish New US Dollar Dealing Platform

Citigroup and DCC Establish New US Dollar Dealing Platform

Global Transaction Services, a line of Citigroup Corporate and Investment Banking together with the Depository Clearing Company, Moscow (DCC), have announced an agreement to jointly provide clients with US Dollar DVP for stocks traded on the RTS Exchange in Moscow. The service will involve a direct link between Global Transaction Services and DCC whereby Global Transaction Services will execute book entry cash payment instructions for its major clients for their settlement of RTS traded securities, and at the same time, the DCC will effect book entry securities settlements for the same clients. Final implementation is due by the end of 2006. This expanded service will provide clients with benefits such as, efficiency in the settlement of dollar traded RTS securities in the same currency, shorter settlement cycle and reduction of settlement fails.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha