New York FX Committee Publishes Transaction Processing Guidelines

REGULATORS

NEW YORK--In its latest effort to develop a common framework of best practice guidelines for the global FX community, the New York Foreign Exchange Committee last month issued a set of recommendations on transaction processing.

The document has been drawn up by the association's Operation's Managers Working Group, and consists of a range of measures designed to minimize confusion and difficulties associated with settlement.

Counterpart Identification

Among other things, it provides advice on c