January 19, 2016
This week’s post is inspired by an article in the Times: “Too posh to pay: now suppliers attack Waitrose”. Old story, new song. This is about payments and when bills get paid. The villain is Waitrose, which is a grocery chain and part of the well known John Lewis Group. They are taking 3x longer to […]
January 12, 2016
The year is off and running. Blockchain and the potential for massive back-office savings is at the front of both mind and mouth. I offer the thoughts here with no desire “to be right”. Rather, I am suggesting that these are the areas in the FS industry which need focus and understanding. Without this, progress […]
January 5, 2016
Two news items from opposite sides of the Atlantic have inspired this first post of 2016. The kickback is nothing new, nor is it something confined to banks. The latest cases show just how banks try to gain the upper hand in the game of cat & mouse both with regulations and clients. The dictionary […]
December 15, 2015
FinTech will upend banks! Nothing new in that prophecy. There is no such thing as the SSI, Standing Settlement Instruction, Cup, but if there were the FinTech community would win. In last week’s post, I offered some views on how hard our industry makes it to deal with SSI’s. Every institution manages them, matching them […]
November 30, 2015
Reference data is either the root of all evil or the fountain of all good. My experience is that this is an 80:20 in the devil’s favour. Standing Settlement Instructions, SSI’s, are the subject of this week’s thoughts with inspiration coming from actual market experience where things really did not go according to plan. With […]
November 15, 2015
Last week’s post looked at Payment vs. Payment. This week, Delivery vs. Payment or DvP, the exchange of securities vs. payment. #3 Delivery vs. Payment (DvP) Securities settlement today falls into one of three methods; i) via an ICSD, an International Central Securities Depository, for example Euroclear, Clearstream or SIX, ii) a CSD, a domestic […]