TARGET2

Piero Cipollone: Modernising finance: the role of central bank money

Retrieved on: 
Saturday, February 10, 2024
Trigger, Blog, Deutsche Bundesbank, Partnership, Bank, Growth, Deutsch, TARGET2, GDP, CBDC, Database, T+2, Speech, Symposium, FMI, Recurrence, Government, Reproduction, Annual report, Working paper, Principle, ISO, Risk, Face, Automation, DLT, European Parliament, ECB, Communication, Financial market, Ecosystem, BIS, Attention, Bank of England, European Central Bank, TIPS, Bank for International Settlements, SME, Economy, T+1, Congress, Frankfurt, Committee

The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.

Key Points: 
  • The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.
  • Lastly, the paper shows that the new indicators can provide reliable signals about current and future developments of wage pressures in the euro area while also serving as important cross-checking tools for negotiated wage growth forecasts.

Raiffeisen Bank International adopts ION's messaging solution to meet TARGET2 and SWIFT CBPR+ ISO 20022 standards

Retrieved on: 
Wednesday, July 12, 2023
Treasury, STP, RBI, ISO, ION, TARGET2, Risk management, WSS, Wall Street, FX, CEE, Raiffeisen Bank International, Fraud, KYC, Mobile phone, Cryptocurrency

LONDON, July 12, 2023 /PRNewswire-PRWeb/ -- ION, a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that Raiffeisen Bank International (RBI) has implemented ION's new ISO 20022 solution. A leading corporate and investment bank in Austria and Central and Eastern Europe (CEE), RBI selected the solution to help it meet the new TARGET2 and SWIFT CBPR+ ISO 20022 initiatives.

Key Points: 
  • LONDON, July 12, 2023 /PRNewswire-PRWeb/ -- ION , a global leader in trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that Raiffeisen Bank International (RBI) has implemented ION's new ISO 20022 solution.
  • A leading corporate and investment bank in Austria and Central and Eastern Europe (CEE), RBI selected the solution to help it meet the new TARGET2 and SWIFT CBPR+ ISO 20022 initiatives.
  • Led by a joint central banks and SWIFT effort to standardize financial transactions, ISO 20022 has taken major steps to modernize cross-border payments.
  • We're delighted to have implemented their new ISO 20022 messaging system solution, to ensure we can address the challenges of the new standard."

ION Treasury announces the successful migration of its Wallstreet Suite clients to ISO 20022

Retrieved on: 
Tuesday, June 20, 2023
Treasury, MT, ION, ISO, TARGET2, Risk management, Organization, CGI, RITS, Cryptocurrency, Bank, P27, Eurosystem, SWIFT

LONDON, June 20, 2023 /PRNewswire-PRWeb/ -- ION Treasury, a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, has successfully moved its Wallstreet Suite clients to ISO 20022. An enterprise treasury and risk management solution for the largest and most complex organizations, Wallstreet Suite offers multi-entity support, real-time information across all asset classes, and advanced analytics for decision-making and performance measurement. The move coincides with significant structural changes in the financial industry, driven by using ISO 20022-compliant messaging to modernize and standardize the processing of financial transactions.

Key Points: 
  • LONDON, June 20, 2023 /PRNewswire-PRWeb/ -- ION Treasury , a global provider of treasury and risk management solutions for corporations, financial institutions, and central banks, has successfully moved its Wallstreet Suite clients to ISO 20022.
  • The Eurosystem, via its T2/T2S Consolidation project, required TARGET2 EUR payments to switch to ISO 20022 in March 2023.
  • As a result of ION's implementation, its Wallstreet Suite clients now generate ISO 20022-format payments (instead of SWIFT MT formats), and receive status updates, bank notifications, and statements in ISO 20022 formats.
  • "We are pleased with the successful migration of our Wallstreet Suite clients from SWIFT to ISO 20022," said Michael Kolman, Chief Product Officer at ION Treasury.

Successful launch of new T2 wholesale payment system

Retrieved on: 
Wednesday, March 22, 2023
Deutsche Bundesbank, European Central Bank, Harmonization, ISO, Eurosystem, TARGET2, Communication, Frankfurt, RCI Banque, Banco, TIPS, RTGS, Efficiency, Reproduction, Environment, TARGET, Software, Bank

21 March 2023

Key Points: 
  • 21 March 2023
    - Eurosystem’s new real-time gross settlement (RTGS) system and central liquidity management tool went live on 20 March 2023
    - New consolidated payment system successfully completed first day of operations
    - Upgraded system to contribute to harmonisation and efficiency of Europe’s financial markets
    The Eurosystem has successfully launched the new T2 wholesale payment system, which comprises an RTGS system and a central liquidity management tool.
  • T2 has replaced TARGET2 as the new RTGS system for settling payments related to the Eurosystem’s monetary policy operations, as well as bank‑to‑bank and commercial transactions.
  • All Eurosystem central banks have supported their national communities throughout this project, and the successful launch reflects the commitment and efforts of all parties.
  • Technical changes were made to TARGET2-Securities in July 2022 in preparation for the launch of the new T2 wholesale payment system, which brings the consolidation project to an end.

Wallbridge Commences Drill Program Testing New, Property-wide Exploration Targets at Fenelon

Retrieved on: 
Wednesday, March 8, 2023
Tabasco, EM, Magnetism, Target 3 Billion, Martiniere, OTCQX, TSX, TARGET2, Barapukuria Coal Mining Company Limited, Geology, Environment, Knowledge, Target, Qualified person (European Union), Gold, Mining, Uranium mining, Rare-earth element, François Fénelon, Contact zone

In February, Wallbridge mobilized three drills to Fenelon to test some of the prospective areas surrounding the existing deposit, which are described in more detail below.

Key Points: 
  • In February, Wallbridge mobilized three drills to Fenelon to test some of the prospective areas surrounding the existing deposit, which are described in more detail below.
  • These were developed through the interpretation of combined geologic and geophysical data as well as, where present, historic drill results.
  • “In addition to drilling in the vicinity of the Fenelon deposit targeting larger step-outs on the existing zones (see March 6, 2023 Press Release), our 2023 drill program is testing various targets on a regional scale.
  • The 2023 drill program at Fenelon will focus on testing exploration targets on the property using knowledge that has been gained through the development of the Fenelon resource since discovery.

Financial statements of the ECB for 2022

Retrieved on: 
Monday, February 27, 2023
European System of Central Banks, Frankfurt, Remuneration, Communication, Accounting, European Central Bank, TARGET2, Financial statement, Income, Central bank, OJ, PEPP, Bank, ECB, Public sector banks in India, Bank statement, United, NCBS, Reproduction, APP, Bookkeeping, Cryptocurrency, Guideline, Eurosystem, EU

This result takes into account a release of €1,627 million from the provision for financial risks to cover losses incurred during the year.

Key Points: 
  • This result takes into account a release of €1,627 million from the provision for financial risks to cover losses incurred during the year.
  • After the release, the provision for financial risks declined to €6,566 million.
  • Net interest income totalled €900 million in 2022 (2021: €1,566 million).
  • These changes resulted from increases in the interest rate on the Eurosystem’s main refinancing operations to levels above 0% since 27 July 2022.
  • Impairment tests were conducted on the securities held by the ECB in its monetary policy portfolios, which are valued at amortised cost (subject to impairment).
  • *Total staff costs decreased to €652 million *(2021: €674 million), mainly as a result of actuarial valuation gains relating to other long-term benefits.
  • The Eurosystem’s holdings of securities held for monetary policy purposes rose by €224 billion to €4,937 billion (2021: €4,713 billion).
  • APP holdings increased by €130 billion to €3,254 billion and PEPP holdings increased by €100 billion to €1,681 billion.

Volante Technologies Launches Service to Accelerate ISO 20022 Payments Modernization

Retrieved on: 
Wednesday, March 16, 2022
SWIFT, Solution, Technology, ISO, API, ISO 20022, TARGET2, Catalog, Tanjungpinang, Multimedia, Budget, Organization, Adoption, Compliance, STP, Head, View, Gerald Celente, CHAPS, History, Risk management, Bank, Volante

LONDON, March 16, 2022 /PRNewswire/ -- Volante Technologies, the global leader in cloud payments and financial messaging, today announced the launch of the Volante ISO 20022 Service. This value-added service simplifies the complexity of ISO 20022 modernization for any organization involved in the processing of payment messages, from banks and financial institutions to fintechs and payment service providers (PSPs).

Key Points: 
  • Powered by Volante's low-code technology, the ISO 20022 service provides API components based on comprehensive standards libraries, simplifying ISO 20022 adoption for financial institutions
    LONDON, March 16, 2022 /PRNewswire/ -- Volante Technologies , the global leader in cloud payments and financial messaging, today announced the launch of the Volante ISO 20022 Service .
  • The Volante ISO 20022 Service enables financial services developers and architects to address these challenges by easily incorporating value-added ISO 20022 modernization capabilities into their applications.
  • Organizations adopting the Volante ISO 20022 Service for their compliance and migration programs will enjoy a wide range of benefits.
  • Learn more about the Volante ISO 20022 Service or create a free account to use the API Sandbox.

Volante Technologies Launches Service to Accelerate ISO 20022 Payments Modernization

Retrieved on: 
Wednesday, March 16, 2022
SWIFT, Solution, Technology, ISO, API, ISO 20022, TARGET2, Catalog, Tanjungpinang, Budget, Organization, Adoption, Compliance, STP, Head, Gerald Celente, CHAPS, History, Risk management, Bank, Volante

LONDON, March 16, 2022 /PRNewswire/ -- Volante Technologies, the global leader in cloud payments and financial messaging, today announced the launch of the Volante ISO 20022 Service. This value-added service simplifies the complexity of ISO 20022 modernization for any organization involved in the processing of payment messages, from banks and financial institutions to fintechs and payment service providers (PSPs).

Key Points: 
  • Powered by Volante's low-code technology, the ISO 20022 service provides API components based on comprehensive standards libraries, simplifying ISO 20022 adoption for financial institutions
    LONDON, March 16, 2022 /PRNewswire/ -- Volante Technologies , the global leader in cloud payments and financial messaging, today announced the launch of the Volante ISO 20022 Service .
  • The Volante ISO 20022 Service enables financial services developers and architects to address these challenges by easily incorporating value-added ISO 20022 modernization capabilities into their applications.
  • Organizations adopting the Volante ISO 20022 Service for their compliance and migration programs will enjoy a wide range of benefits.
  • Learn more about the Volante ISO 20022 Service or create a free account to use the API Sandbox.

PayOp announces partnership with European virtual banking company PayDo

Retrieved on: 
Monday, November 29, 2021
Internet, International, European, Mastercard, Partnership, SEPA, Solution, Visa, IBAN, TARGET2, Efficiency, SWIFT, Cryptocurrency, Bank, Online shopping, Financial services

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Two fintech companies, PayOp and PayDo, have confirmed their collaboration in the field of financial services.

Key Points: 
  • NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Two fintech companies, PayOp and PayDo, have confirmed their collaboration in the field of financial services.
  • The partnership between firms will provide a unique payment acceptance and processing platform for both businesses and individuals worldwide.
  • PayOp users will be able to withdraw funds from their account to their PayDo wallet without additional delays and commissions.
  • PayDo offers solutions for individuals and legal entities through its advanced payment platform, including European IBAN for residents all over the world, an e-Wallet and PayDo Quick Checkout.

PayOp announces partnership with European virtual banking company PayDo

Retrieved on: 
Monday, November 29, 2021
Internet, International, European, Mastercard, Partnership, SEPA, Solution, Visa, IBAN, TARGET2, Efficiency, SWIFT, Cryptocurrency, Bank, Online shopping, Financial services

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Two fintech companies, PayOp and PayDo, have confirmed their collaboration in the field of financial services. The partnership between firms will provide a unique payment acceptance and processing platform for both businesses and individuals worldwide.

Key Points: 
  • NEW YORK, Nov. 29, 2021 /PRNewswire/ -- Two fintech companies, PayOp and PayDo, have confirmed their collaboration in the field of financial services.
  • The partnership between firms will provide a unique payment acceptance and processing platform for both businesses and individuals worldwide.
  • PayOp users will be able to withdraw funds from their account to their PayDo wallet without additional delays and commissions.
  • PayDo offers solutions for individuals and legal entities through its advanced payment platform, including European IBAN for residents all over the world, an e-Wallet and PayDo Quick Checkout.