Sentences with phrase «alternative trade settlement»
The Eastern bloc lead by China and Russia is well underway in setting up an alternative trade settlement system.
https://www.financialsamurai.com/ Not exact matches
Maple proposes to acquire the Alpha Group, an alternative trading platform, and CDS Inc., a clearing and settlement hub for equities.
On TTIP (transatlantic trade and investment partnership) Labour were working to protect public services, and for alternatives to the ISDS (investor state dispute settlement) whereby companies can sue governments, in secret, for interfering with their profits.
Investment managers» responsibilities; Complex investments; Quantum calculations for alternative portfolios or investment scenarios; Fraud; Investment performance: analysis of a wide range of UK and non-UK investment portfolios; Market practice; Trading practices; Settlement procedures.
Each Party shall, to the maximum extent possible, encourage and facilitate the use of arbitration and other means of alternative dispute resolution for the settlement of international commercial disputes between private parties in the free trade area.
Vice Governor Pan Gongsheng of China's central bank, The People's Bank of China (PBOC), said the government would implement additional regulations to shut down branches of the cryptocurrency industry including settlement providers, market - makers, guarantors, peer - to - peer lending vehicles, alternative trading platforms and cryptocurrency wallets, according to the report.
Various commenters representing settlement agents, a real estate agent, title insurance companies, attorneys, credit unions, community banks, and various trade associations representing creditors, settlement agents, and the title insurance industry were concerned that alternative 1 would increase coordination costs for industry because it would shift settlement activities to creditors, introduce unnecessary complexity to the settlement process, delay the underwriting of title insurance, delay closings, and increase costs and risk to consumers.
Under the final rule, creditors and settlement agents are free to divide responsibility in a variety of ways, including but not limited to a division in which the creditor provides the Closing Disclosure three business days before consummation and the settlement agent provides any corrected Closing Disclosure at consummation, subject to the provisions of § 1026.19 (f), as suggested as an alternative by some trade association commenters representing banks and financial companies.
[232] In particular, a trade association representing escrow agents supported alternative 1, because it believed alternative 2 could impose new creditor duties on settlement agents, which would be in conflict with the settlement agent's traditional role as a neutral third party.
Settlement agents, a trade association representing settlement agents, and mortgage brokers also expressed support for alternative 2 because it would preserve their role in the transaction and mitigate the potential for creditor conflicts - of -Settlement agents, a trade association representing settlement agents, and mortgage brokers also expressed support for alternative 2 because it would preserve their role in the transaction and mitigate the potential for creditor conflicts - of -settlement agents, and mortgage brokers also expressed support for alternative 2 because it would preserve their role in the transaction and mitigate the potential for creditor conflicts - of - interest.
Many commenters, including large banks, credit unions, community banks, settlement agents, related trade associations, and two consumer advocacy groups submitting a joint comment explained that alternative 2 most closely reflects current industry practice in which the creditor relies on settlement agent expertise and efficiency.
In addition to ensuring creditor accountability, commenters representing settlement agents, escrow agents, and related trade associations explained that alternative 1 would relieve them of liability for the Closing Disclosure and would allow them to play a more traditional role related to conducting closings.