Standard

CME Group Launches Clearing Service for Mexican F-TIIE Overnight Index Swaps

Retrieved on: 
Tuesday, February 20, 2024

CHICAGO, Feb. 20, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that nine market participants have cleared over-the-counter (OTC) Mexican Overnight Funding Rate (F-TIIE) index swaps since the company launched its clearing service on February 5.

Key Points: 
  • CHICAGO, Feb. 20, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that nine market participants have cleared over-the-counter (OTC) Mexican Overnight Funding Rate (F-TIIE) index swaps since the company launched its clearing service on February 5.
  • Market participants who have already cleared these swaps through CME Group include Banorte, BBVA, Goldman Sachs, HSBC, J.P. Morgan, Morgan Stanley, and Santander.
  • "Our new swaps clearing service provides critical infrastructure for clients navigating the F-TIIE benchmark transition," said Agha Mirza, CME Group Global Head of Rates and OTC Products.
  • For more information on clearing F-TIIE index swaps at CME Group, please visit https://www.cmegroup.com/articles/2023/transition-from-28d-tiie-to-tiie-... .

CME Group to Launch Micro Euro-denominated Bitcoin and Ether Futures on March 18

Retrieved on: 
Tuesday, February 20, 2024

CHICAGO, Feb. 20, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it plans to further expand its cryptocurrency derivatives offering with the addition of Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory review.

Key Points: 
  • CHICAGO, Feb. 20, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it plans to further expand its cryptocurrency derivatives offering with the addition of Micro Bitcoin Euro and Micro Ether Euro futures on March 18, pending regulatory review.
  • As such, we have seen a four-fold increase in volume in our USD-denominated Micro Bitcoin and Micro Ether futures," said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group.
  • Designed to match their U.S. dollar-denominated counterparts, Micro Bitcoin Euro and Micro Ether Euro futures contracts will be sized at one-tenth of their respective underlying cryptocurrencies.
  • Micro Bitcoin and Micro Ether futures also saw a trading surge, with average daily volumes growing 43% versus December 2023.

North Bay Resources Announces Acquisition of Copper Island Project with Assays up to 14.7% Cu and Appointment of New CEO

Retrieved on: 
Friday, February 16, 2024

COPPER BELL 1 + 2: 112,000 tons @ 2.55% Cu

Key Points: 
  • COPPER BELL 1 + 2: 112,000 tons @ 2.55% Cu
    The Board of Directors has appointed Jared Lazerson as CEO and a Director of the Company replacing Perry Leopold.
  • Mr. Leopold remains a Director of the Company.
  • Mr. Lazerson has been involved in the mineral exploration and technology industries for 25 years.
  • In 2018, Mr. Lazerson accepted the Standard & Poors Global - Platts Metals Award for Leadership in Base and Specialty Metals on behalf of MGX Minerals as its CEO.

Two Anglo American mines are first South African operations audited against the IRMA Standard for Responsible Mining

Retrieved on: 
Friday, February 16, 2024

SEATTLE, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Today the Initiative for Responsible Mining (IRMA) released the audits of Anglo American’s Amandelbult and Mototolo PGM operations against the IRMA Standard for Responsible Mining. Independent audit firm ERM-CVS assessed Amandelbult at IRMA 50 and Mototolo at IRMA 75 when measuring their performance against the Standard’s best practice social and environmental criteria.

Key Points: 
  • Amandelbult and Mototolo achieve IRMA 50 and IRMA 75, respectively
    SEATTLE, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Today the Initiative for Responsible Mining (IRMA) released the audits of Anglo American’s Amandelbult and Mototolo PGM operations against the IRMA Standard for Responsible Mining.
  • IRMA also released the surveillance (interim) audit for Anglo’s Unki PGM operation in Zimbabwe, as conducted by audit firm SCS Global.
  • The full audit reports are available on the Amandelbult and Mototolo audit pages, as well as Unki’s surveillance report, on the IRMA website .
  • “This report demonstrates that mines can point to transparent, independent evaluations of their environmental and social performance,” said Aimee Boulanger, Executive Director of IRMA.

StanCorp Financial Group, Inc., and Standard Insurance Company Appoint Barbara Turner to Board of Directors

Retrieved on: 
Tuesday, February 13, 2024

StanCorp Financial Group, Inc., and its primary operating subsidiary, Standard Insurance Company, have appointed Barbara A. Turner to the board of directors.

Key Points: 
  • StanCorp Financial Group, Inc., and its primary operating subsidiary, Standard Insurance Company, have appointed Barbara A. Turner to the board of directors.
  • View the full release here: https://www.businesswire.com/news/home/20240213218251/en/
    Barbara A. Turner was appointed to the board of directors of StanCorp Financial Group, Inc., and Standard Insurance Company.
  • "Barbara’s long tenure and deep experience as a chief executive in the financial services industry in which we operate is a valuable asset to The Standard,” said Greg Ness, chair of the board of directors.
  • “She brings proven leadership skills and a deep commitment to our company’s purpose, ensuring our customers can achieve financial well-being and peace of mind.”

Enovis™ to Highlight Latest Technologies Across the Orthopedic Care Continuum at 2024 AAOS Annual Meeting

Retrieved on: 
Monday, February 12, 2024

WILMINGTON, DE, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Enovis™ Corporation (NYSE: ENOV), an innovation-driven, medical technology company, will showcase its latest technologies across the orthopedic care continuum at the American Academy of Orthopedic Surgeons Annual Meeting 2024.

Key Points: 
  • WILMINGTON, DE, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Enovis™ Corporation (NYSE: ENOV), an innovation-driven, medical technology company, will showcase its latest technologies across the orthopedic care continuum at the American Academy of Orthopedic Surgeons Annual Meeting 2024.
  • In addition, the Company will present itself as a newly integrated company following the acquisition of orthopedic leader LimaCorporate S.p.A (“Lima”).
  • In our Surgical business, the addition of Lima brings great technologies, capabilities and a product portfolio with demonstrated clinical excellence around the world.
  • Visit AAOS booth #1827 or www.enovis.com to learn how Enovis is developing innovative medical technology that continues to revolutionize the orthopedic industry.

The Standard Charitable Foundation Grants $215,000 to 5 Nonprofits

Retrieved on: 
Monday, February 12, 2024

The Standard Charitable Foundation, Standard Insurance Company’s charitable foundation, awarded a total of $215,000 in grants to five nonprofits in 2023.

Key Points: 
  • The Standard Charitable Foundation, Standard Insurance Company’s charitable foundation, awarded a total of $215,000 in grants to five nonprofits in 2023.
  • The grant from The Standard Charitable Foundation allows the nonprofit to expand services to 60 program participants.
  • “At The Standard, our commitment to making a positive difference in our communities is unwavering,” said Dan McMillan, president and CEO of The Standard and president of The Standard Charitable Foundation.
  • Since 2007, The Standard Charitable Foundation along with The Standard and its employees and retirees have collectively contributed more than $65 million in grants and social investments nationally.

The Standard Employee Giving Campaign Contributes $5.5 Million to Nonprofits and Schools

Retrieved on: 
Monday, February 12, 2024

During the 2023 Employee Giving Campaign, employees at Standard Insurance Company (The Standard) donated $1.8 million benefiting 2,562 schools and nonprofit organizations across the nation.

Key Points: 
  • During the 2023 Employee Giving Campaign, employees at Standard Insurance Company (The Standard) donated $1.8 million benefiting 2,562 schools and nonprofit organizations across the nation.
  • After a double match by The Standard and parent organization Meiji Yasuda Life Insurance Company, total donations from the campaign exceed $5.5 million.
  • Contributions from the 1,868 employees who participated along with the matching funds were distributed to nonprofit organizations and schools during 2023.
  • I continue to be humbled by the generosity of our employees and retirees.”
    During the Employee Giving Campaign, The Standard also celebrated the 17th anniversary of the Denim Impact Fund.

CME Group Inc. Names Slate of Director Nominees

Retrieved on: 
Thursday, February 8, 2024

CHICAGO, Feb. 8, 2024 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today announced its slate of candidates for its board of directors for election at the company's annual meeting to be held Thursday, May 9, 2024.

Key Points: 
  • CHICAGO, Feb. 8, 2024 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today announced its slate of candidates for its board of directors for election at the company's annual meeting to be held Thursday, May 9, 2024.
  • In addition, the CME Group Nominating and Governance Committee is recommending the following individuals for election by CME Group's Class B shareholders.
  • CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates , equity indexes , foreign exchange , energy , agricultural products and metals .
  • In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.

The Standard Expands Stable Value Product Suite

Retrieved on: 
Thursday, February 8, 2024

Standard Insurance Company (The Standard) has added to its APEX fund series with the new APEX Stable Asset Fund , available to new retirement plan recordkeeping clients on the company’s platform.

Key Points: 
  • Standard Insurance Company (The Standard) has added to its APEX fund series with the new APEX Stable Asset Fund , available to new retirement plan recordkeeping clients on the company’s platform.
  • The fund offers a guaranteed crediting rate that denotes the corporate and treasury rate environment, backed by the financial stability of The Standard.
  • The APEX Stable Asset Fund guaranteed rate is 4.5% from Jan. 1 through June 30, 2024, and resets semi-annually.
  • “The APEX Stable Asset Fund allows us to extend this competitive offering to more retirement plan clients including those considering The Standard recordkeeping platform,” said Jason Burlie, vice president of Retirement Plan Sales at The Standard.