Twist Group Focuses on Commercial Payments

OPERATIONS AND STP

LONDON--The Treasury Workstation Integration Standards Team (Twist), an industry initiative to develop standard protocols for integrating bank foreign exchange (FX) trading operations and their corporate treasury customers, is developing standards to automate the commercial payment process. Twist is also expanding its membership, officials say.

Twist specifications, written in XML, provide instructions for FX trading, including trade and settlement confirmation, amendments, cancellations

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