Since then, the problems and expense of reinventing foreign-exchange settlement have often seemed greater than the putative benefits.
He has also started World Life Settlement Exchange, a life settlement marketplace.
Class-action lawyers are peddling absolution to their targets: In exchange for a settlement that includes lucrative fees, they can obtain a court decree ending the possibility of any further litigation over the same claims.
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Even so, state and federal officials are nearing a settlement that would release companies like Bank of America and JPMorgan Chase from legal liability in exchange for a cash settlement, reduced payments for homeowners, transition assistance for troubled borrowers and promises to improve performance and comply with state and federal rules.
The Securities and Exchange Committee described the settlement a "sharp warning" to any fund that would break the law.
In the case of AIG, PwC partners agreed to testify against their client in exchange for a smaller settlement.
New data from the U.S. Securities and Exchange Commission reveals trade settlement fails in early February 2005 that were 27 times greater than the total number of shares Global Links (other-otc: GLLC - news - people ) had issued at the time.
With his plan to take over Montetitoli, Mr Capuano wants to get clearing and settlement under the exchange's roof.
There is a conflict hiding within every mass legal settlement: In exchange for securing peace with the enemy, plaintiff lawyers must negotiate a little something for themselves.
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Nasdaq is in preliminary talks with the Securities and Exchange Commission over a potential settlement related to its botched handling of Facebook's much-anticipated offering, according to people with knowledge of the discussions.
The Justice Department is pressing state attorneys general to release the banks from liability for a host of alleged violations in exchange for a far-reaching settlement, people familiar with internal discussions said.
Martha Stewart reached a settlement with the Securities and Exchange Commission in a civil insider-trading case related to the lifestyle guru's sale of shares in ImClone Systems in 2001.
Simply put, a brand-name drugmaker agrees to pay a settlement to a generic rival in exchange for ending patent litigation and launching a copycat medicine at a future date.
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The lawsuit coincides with a settlement by the company and the Securities and Exchange Commission.
Authorization is the process by which MasterCard validates the card, and Settlement fees are charged to issuers for the exchange of funds between issuers and acquirers.
In exchange, AEP changed the conditions of an earlier court settlement and will use equipment at the Rockport power plant in Indiana that will not reduce sulfur dioxide as much.
Among potential problems with shorter settlement cycles were issues around securities lending, foreign exchange transaction and delivery of physical securities.
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An example is virt-x, a small electronic exchange for European blue-chip shares which offers clearing and settlement alternatives: nearly all the liquidity has migrated to just one of them.
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In other words, he is leaning towards the German model of a vertical silo in which a stock exchange oversees not just the trading of securities, but their clearing and settlement as well.
Trading in Bear shares was so frantic that many didn't settle properly, and so Bear Stearns starting showing up on the New York Stock Exchange's daily list of stocks with high incidences of persistent trade settlement failures.
The Goldman Sachs Group Inc. is reportedly looking to steer clear of a fraud charge in any settlement it reaches with the U.S. Securities and Exchange Commission, which has accused the bank of cheating investors in its mortgage-backed securities.
It is a deal between the tobacco industry and a few contingency-fee attorneys (whose pay will not be challenged, as per the settlement), with the states taking a windfall-payment in exchange for co-signing the deal.
Separately, the Securities and Exchange Commission filed a Complaint in the Eastern District of New York and announced a settlement with Peterson.
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Since they face the same lawyers over and over, both sides have worked out a simple bargain: In exchange for fees, the plaintiff lawyers sell absolution in the form of a blanket settlement of their claims.
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Cushing is the price settlement point for West Texas Intermediate Sweet Crude Oil on the New York Mercantile Exchange (NYMEX).
The issue of clearing and settlement was a crucial factor in the government's 2011 decision to reject Singapore Exchange Ltd.
Although the Israelis say they would be willing to depart in exchange for security guarantees, they know that Syria would not countenance a negotiated withdrawal in the absence of a wider settlement including the Golan Heights.
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