The new service, developed in consultation with leading financial institutions in the cross currency swaps market, creates greater operational efficiencies and, through multilateral netting, reduces liquidity and payment demands across the industry. Financial settlement services provider , Markit and Capital Group , a risk mitigation and operational services provider for the global forex market have announced the launch of a new settlement service for cross currency transactions . The new service , developed in partnership with leading financial institutions , creates greater operational efficiencies and , through multilateral netting , reduces liquidity and payment demands across the industry .
Financial settlement services provider , Markit and Capital Group , a risk mitigation and operational services provider for the global forex market have announced the launch of a new settlement service for cross currency transactions . The new service , developed in partnership with leading financial institutions , creates greater operational efficiencies and , through multilateral netting , reduces liquidity and payment demands across the industry .