LOOSE CHANGE

LOOSE CHANGE

The Federal Reserve's FX Committee has released a new version of it guidelines for FX settlement and netting as a follow-up to its October 1994 paper, Reducing Foreign Exchange Settlement Risk. The latest paper is in response to requests by FX professionals for more information on how individual firms should approach the settlement netting process.

ING Bank will be expanding its treasury operations (including money market, fixed income, foreign exchange and some derivatives businesses) in order

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