BNP, WLG Executives Disclose Results Of SWIFT Netting Tests

TECHNOLOGY

Executives from Banque Nationale de Paris (BNP) in New York and Westdeutsche Landesbank Girozentrale in Dusseldorf revealed results of separate tests of Society for Worldwide Interbank Financial Telecommunication's (SWIFT) advisory forex netting service at a SWIFT-sponsored seminar last week. Newly-appointed ECHO Netting chief executive (designate) Graham Duncan also spoke at the day-long show-and-tell, which was specifically orchestrated by SWIFT for the press.

ECHO, the European multilateral

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