Sentences with phrase «by utility settlement»

Currently, the USC platform is being designed so that the value of the token is derived from collateral stored by Utility Settlement Coin members in central banks - but use of the platform itself is not contingent on central bank adoption.

Not exact matches

Just over a month ago Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG, and State Street joined UBS and BNY Mellon in a project to launch a cryptocurrency — the «utility settlement coin» — set for a limited back - end run by 2018.

Six of the world's premier lenders — Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG (Mitsubishi UFJ Financial Group) and State Street — have recently joined a project led by Swiss banking giant UBS — in addition to existing members Deutsche Bank, Banco Santander, Bank of New York Mellon and NEX — with the goal of creating the utility settlement coin, a digital currency that will primarily be used to quickly clear and settle financial transactions using blockchain.

Oyster Bay finance director Robert Darienzo said the postponement came about because of a settlement with Nassau County approved by the town board earlier this month over erroneous property tax assessments on utility - owned property in town garbage districts.

AG Eric Schneiderman reached a settlement with HomeServe USA Corp after his office found its solicitations gave the false impression that its service plan was offered by various utility companies.

Advances from municipality: The amount of loans and advances made by the municipality or its other departments to the utility department when such loans and advances are subject to repayment but not subject to current settlement.

By 2008 and 2009, the office of the New York attorney general had reached settlements with several electric utilities — AES Corporation, Dynegy Inc, and Xcel Energy — that, as Sullivan & Cromwell noted in its 2010 memo, «agreed to enhance their disclosures relating to climate change and greenhouse gas emissions in their annual reports filed with the SEC.»

We have secured significant jury verdicts and sizeable out - of - court settlements for injured individuals and their families in cases involving trucking and transportation accidents, dangerous and defective products, construction accidents, commercial plane crashes, explosions and burns caused by gas and electric power utilities, medical negligence, workplace catastrophes, and business disputes.

The report makes a number of recommendations for further research to explore: the qualitative difference between assessments conducted by psychologists and psychiatrists compared to social workers and their impact on the settlement of family law disputes; the utility and feasibility of establishing standard guidelines or best practices for parenting assessments; and, options for shielding assessors from the damaging impact of unmeritorious complaints.

The court began its analysis by noting that the language in the agreement was clear, and that if the utility commission was in fact a division of the city then it was excused in the settlement agreement between the plaintiff and the city.

Public Utilities by R.M. Willes Chitty (1930) Quo Warranto by Paul Home (1930) Railways by J.Q. Maunsell (1930) Real Property by John J. Robinette (1930) Receivers by Paul Home (1930) Recognizances by R.M. Willes Chitty (1930) References and Inquiries by Paul Home (1930) Replevin by L.R. McDonald (1931) Revenue by Paul Home (1930) Sale of Goods by W. Kent Power (1930) Sale of Land by W. Kent Power (1931) Schools by R.M. Willes Chitty (1931) Seduction by Paul Home (1931) Settlements by Paul Home (1931) Sheriffs by R.M. Willes Chitty (1931)

In a way, similar to the Utility Settlement Coin, most of these options will require a collateral in the form of fiat currencies which shall be held by the central bank.

The utility settlement coin is a «permissioned blockchain» similar to the Bankchainproject recently announced by Bitcoin exchange itBit.

Swiss bank UBS has initiated introducing a «utility settlement coin» for interbank payments and is joined by Deutsche Bank, Santander, BNY Mellon and the broker company ICAP to get support from central banks.

Last year, six of the world's largest banks (Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, Mitsubishi UFJ and State Street) joined a project led by UBS to create their own digital currency: a «Utility Settlement Coin» (USC) to streamline payment mechanisms and make it easier in the future for central banks to use crypto - currencies.