The Bank of England has delayed a much-improved clearing system for the gilts market from spring to late August 1997, because of the pressure put on City resources by the problems getting the Crest share settlement system up and running. The new gilts settlement system will use Crest software. ...
Byline: Phillipa Leighton-Jones The Depository Trust & Clearing Corporation DTCC, the US central securities depository, is aiming to rekindle enthusiasm in straight-through processing following the US market's decision last week to postpone shortening settlement cycles.The DTCC said it plans to redouble its efforts...
BURNABY, British Columbia -- Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ:SSPI) today announced that it has signed a settlement agreement with Industry Canada to remedy the Company's breach of its Technology Partnerships Canada TPC funding agreement dated March 1999. Under the settlement agreement, Spectrum has agreed to pay...
The Bank of England has delayed an improved clearing system forthe gilts market from spring to late August 1997, because of the pressure put on City resources by problems in getting the Crest share settlement system up and running. The new gilts settlement system will use Crest software. As a...
First American Payment Processing Inc. in Phoenix, two related corporations, and their principals were banned from processing any payments for outbound telemarketers as part of a settlement with the Federal Trade Commission. The FTC had charged the defendants with assisting fraudulent telemarketers by electronically debiting consumers' bank accounts in violation...
The day before adjourning for Winter Break, Congress passed another one year fix -- averting higher taxes for the majority of middle-income America facing the dreaded Alternative Minimum Tax AMT. Given this last minute change, the 2007 tax season will start on time for everyone except for a small...
Cargill has reached a settlement with the Department of Justice and the EPA that will require the food and agricultural company to reduce pollution from its processing plants by about 30,000 tons per year. In order to meet the requirements of the settlement, the company will install air pollution devices...
M2 PRESSWIRE-14 August 1998-THE WHITE HOUSE: Office of the Press Secretary -- Statement by the President -- Settlement of holocaust assets lawsuits C1994-98 M2 COMMUNICATIONS LTD RDATE:130898 I am pleased that Holocaust survivors and private Swiss banks reached a settlement of...
This white paper describes The Depository Trust & Clearing Corporation's DTCC vision for securities settlement in the United States. It is addressed to its customers and other interested parties, such as financial regulators and marketplaces. This Introduction and Summary has four parts that deal with: the challenges for the present...
The three-day securities processing standard could be safe for another year. Next day transaction processing - the so-called T+1 - could be delayed by one year. It should now become effective in June 2005, the Board of Directors of the Securities Industry Association has recommended to the Securities and...
The three-day securities processing standard could be safe for another year. Next day transaction processing - the so-called T+1 - could be delayed by one year. It should now become effective in June 2005, the Board of Directors of the Securities Industry Association has...
BOSTON -- State Street Global Markets, the investment research and trading arm of State Street Corporation (NYSE: STT), announced today the launch of a new industry standard for online settlement instructions developed with SSISearch, a specialist service provider for payment processing and settlement instructions. State Street clients can now access...
As the fixed income industry prepares to move to a T+1 processing environment in mid-2004, the collective need for a centralized, automated systems infrastructure has never been more critical. A core requirement of building this straight-through processing infrastructure is a real-time fixed income matching system to accommodate efficient settlement on...
QUINCY, Mass. -- Pipeline Data (OTCBB: PPDA), a leading provider of electronic commerce and payment solutions, today announced a new agreement with Fidelity National Information Services FIS. Under the agreement, FIS, a global leader in the payment processing industry, will provide comprehensive, back-office merchant processing services, including settlement, chargeback processing,...
BEDFORD, Mass. -- SunGard Securities Processing, an operating group of SunGard (NYSE:SDS), announced today that Boston-based Adams Harkness, Inc. has gone live on SunGard's Phase3 securities processing system to outsource its U.S. equities transaction processing, clearance and settlement. This multi-year contract for Phase3 will be delivered in an ASP environment....
NEW YORK--BUSINESS WIRE--March 20, 1997--Once again, there are rumors of a Liggett "settlement." Although the settlement has not been officially announced, we note that Liggett's last "settlement" with states that have sued cigarette companies was a complete sham. In any event, this newest rumored "settlement" has nothing to do...
As a significant step toward providing a straight-through processing STP solution for the institutional marketplace, the Fixed Income Clearing Corporation FICC, a subsidiary of the Depository Trust and Clearing Corporation DTCC, has prepared this white paper outlining potential solutions predicated upon the Government securities processing model. While this paper focuses...
A gold mining company applicant for patenting a number of mineral claims brought an action against the Department of Interior DOI and the Bureau of Land Management BLM to compel and expedite the processing of their applications for patents. Independence Mining Company Inc. IMC alleged that DOI and BLM had...
