Business Services Industry
BRIEFING - ASIA BANKING - OCT 27, 2003.
AsiaPulse News, October, 2003
An executive briefing on banking for Oct 27, 2003, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
BANK OF TOKYO-M'BISHI EXPANDS FOREX-CLEARING SERVICE
TOKYO - Bank of Tokyo-Mitsubishi, a unit of Mitsubishi Tokyo Financial Group Inc. (TSE:8306), is expanding its continuous linked settlement service for foreign exchange transactions.
Because the system allows settling of transactions in the world's major currencies in the same time frame, users can avoid the risk that a counterparty will fail before a trade is settled.
OFFICIALS OF INDONESIA'S BNI ARRESTED FOR ISSUING FAKE LCS
JAKARTA - The police arrested two state BNI bank...
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