PIPS

PIPS

Swift expects to launch its Euro Clearing System in November, migrating the current Ecu netting system to the new infrastructure. In January 1999, Swift will move from processing Ecus to processing euros. The Euro Clearing System has been developed in conjunction with the Euro Banking Association to provide a euro payments infrastructure and messaging service.

EBS will switch to record-based delivery (from page-based format) for its EBS Ticker feed of FX price data on September 1. The new

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