ISCC Will Use Citibank Network For Global Custody, Settlement
THIS WEEK'S LEAD STORIES
International Securities Clearing Corp. (ISCC) participating members will have access to Citibank's global communications network for clearing, settle- ment and custody services under a deal announced by the two companies last month. The move goes some way in meeting the Group of Thirty's proposals for global standards in international clearing and settlement.
The agreement will provide ISCC participants with a single access point through which to settle trades eventually in the 42 countries in
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