Finteum: NatWest Group, BNY Mellon, Barclays and 11 Additional Banks Trial Intraday FX Swap and Repo Trading Platform
The platform enables payment-vs-payment intraday FX swaps as well as delivery-vs-payment intraday repo transactions.
- The platform enables payment-vs-payment intraday FX swaps as well as delivery-vs-payment intraday repo transactions.
- Other banks are assessing participation to become Key Participants following this latest trial, and the opportunity is open to all banks.
- In 2022, the Finteum Platform added intraday repo alongside intraday FX swaps due to interest from banks, which was an important change.
- BNY Mellons triparty infrastructure can also be used to settle U.S. dollar intraday repo transactions executed on the Finteum Platform.