The Luxembourg Stock Exchange (LuxSE) announced the launch of its new post-trade model for trades made on LuxSE's markets. This new settlement process was made possible thanks to the exchange's partnership with BFF Bank, the largest independent specialty finance in Italy and a leading player in Europe, specialised in securities services, banking and corporate payments and in the management of trade receivables.

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MAS sets out in this consultation paper the proposed amendments to limits currently imposed on each personal payment account that contains e money (“e-wallet”) issued by Major Payment Institutions.

China will strengthen policy adjustments to create a monetary and financial condition accommodative for boosting economic growth, expanding employment, stabilizing price levels and maintaining the balance of international payments, deputy central bank governor said on Thursday.

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The business volume and transaction value of cross-border payments made in renminbi (RMB) maintained strong expansion levels in the second quarter of the year, a central bank report shows.

Covers risks in relation to the collection of deferred payment by exporters,the account receivable by financial leasing companies and the recovery of loan principal and interest by financial institutions.The tenor is normally 2 to 15 years.

SINOSURE issues a demand guarantee to the overseas financing bank (or other creditor) in the form of overseas guarantee and takes the risk of payment by a certain overseas borrower. Generally the parent company of the overseas borrower that has the highest domestic credit rating should provide SINOSURE a full-value counter-guarantee or any other form of counter-guarantee acceptable to SINOSURE.

During January to July 2022, the accumulative amount of foreign exchange settlement and sales by banks was RMB 10095.0 billion and RMB 9555.6 billion, respectively.

Zambia will not be paying its $750 million euro bond due in September until new terms of payment are agreed between the government and bondholders, its Finance Minister Situmbeko Musokotwane said on Sunday. The International Monetary Fund (IMF) on Thursday approved a $1.3 billion, 38-month loan programme, a step taken after its main creditors China and France agreed in July to negotiate to restructure the southern African country's debt.