TCA Launches Stab FX Netting Tool
TCA Consulting, the London-based financial systems consultancy house, has developed a software package that helps banks decide whether foreign exchange netting can significantly reduce their settlement risks.
The system, dubbed Software Tool for Netting Analysis Benefits (Stab), also analyzes which of four existing forex netting services is best suited for a particular bank's needs.
These four services are: Swift's Accord, FX Net, the Exchange Clearing House (Echo) and Multinet. Accord and FX Net
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