BNP Paribas experiments with blockchain for fund trading

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first_imgBNP Paribas Asset Management has announced a successful test of a blockchain-based system for fund distribution.The test, conducted late last year in Luxembourg, involved a “full end-to-end fund transaction” using sister company BNP Paribas Securities Services’ blockchain programme Fund Link.This was developed last year in partnership with AXA Investment Management and allows all data and paperwork relevant to the transaction to be held in a decentralised digital ledger, available to all parties.BNP Paribas Asset Management’s experiment also made use of FundsDLT, a fund transaction platform developed by tech companies connected to the Luxembourg Stock Exchange, POST Group and KPMG. The asset manager claimed in a press release issued this morning that it was “among the first leading global asset managers to take part in this prototype testing”.Fabrice Silberzan, chief operating officer at BNP Paribas Asset Management, said the blockchain technology would provide investors with quicker transactions and the asset manager with “a sleeker, more streamlined system underpinned by technology and relevant for all fund types and geographies”.Said Fihri of KPMG Luxembourg said American, British and German companies were interested in working with the FundsDLT tool for product distribution.The news follows the announcement earlier this week that Lombard Odier Investment Management had conducted a fixed income trade using blockchain technology, one of the first asset managers to do so.Other firms are working on other uses for the technology, including for private equity deals, equity index data sharing, and pensions administration.last_img read more

​Danica poaches AP Pension COO to head up new development unit

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first_imgKrogh Petersen said: “We are gathering development activities because we want to continue to be one step ahead and deliver the best and most innovative solutions to our customers.”Bjerre had experience with the areas he was now going to be responsible for, and Danica Pension knew him from his time in the company, the chief executive added.“We are therefore sure that he, together with talented colleagues, is the right person to ensure that we continue to provide the best solutions in the market in the future, which will make our clients feel secure about their pension schemes,” Krogh Petersen said. Danica Pension is creating a new department by bringing together all its customer-facing development activities — digital, robotics, sales development and health solutions — and has poached a top manager from rival AP Pension to lead it.Jesper Bjerre, chief operating officer at commercial labour-market pension provider AP Pension, has been hired by the Danske Bank subsidiary to take up the new role of chief development officer on 1 December.The recruitment means a return to Danica Pension for Bjerre, who worked at the company until two years ago when he switched employer to become a member of AP Pension’s executive board.At Danica Pension, Bjerre will report directly to chief executive Ole Krogh Petersen.last_img read more

NYSE pushes to delist Seadrill Partners. Driller set to appeal

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first_imgThe New York Stock Exchange gas decided to suspend trading in securities of Seadrill Partners and has started procedure to delist the company, an affiliate of drilling contractor Seadrill, from the exchange. The NYSE reached its decision due to Seadrill Partner’s low market capitalization.One of Seadrill’s drillships: Shared with permission from Seadrill“The Company expects its common units to trade in the over the counter (“OTC”) market beginning on September 6, 2019, under the ticker symbol “SDLPF”,” Seadrill Partners said Friday.It said that the transition to the OTC market would not affect business operations and “the Company will continue to file periodic reports with the U.S. Securities and Exchange Commission (the “SEC”) under applicable federal securities laws.”“The Company intends to appeal this delisting determination. During the appeal process, its common units are expected to continue to trade in the OTC market. Delisting procedures will be suspended pending the outcome of the appeal,” Seadrill Partners said.The market capitalization rule states that companies must maintain a minimum value of $25 million over 30 consecutive days to remain listed. According to available info, as of September 4, Seadrill Partners’ market cap was $13.94 million.Seadrill Partners owns a fleet of eleven offshore drilling rigs, consisting of drillships, semi-submersible rigs and tender rigs operating in benign and harsh environments.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

COVID-19 Update: 1,180 New Cases Statewide, Palm Beach at 7,280

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first_imgWearing a cloth face covering AND social distancing is the best way to prevent the spread of #COVID19. #covertheCOVIDKeep at least 6 feet between yourself and othersWash your hands for at least 20 secAvoid touching your eyes, nose or mouthhttps://t.co/TLp6h5xPuZ pic.twitter.com/zN65r0jA4l— Florida Dept. Health (@HealthyFla) June 6, 2020Broward County: 7,804 cases-339 deaths-Men: 3,741, Women: 3,889-1,621 hospitalizations-114 new reported cases since Saturday-5 new reported deaths since SaturdayMiami-Dade County: 19,547 cases-765 deaths-Men: 9,652, Women: 9,692-3,172 hospitalizations-248 new reported cases since Saturday-0 new reported deaths since SaturdayTesting in Florida:-Total Tests: 1,217,105-Positive: 63,938-Negative: 1,152,220-Overall Percentage of Positive Cases: 5.3% Florida reported an increase of 1,180 new coronavirus cases on Sunday, making it the fifth day in a row of more than 1,000 new cases in the state.The Department of Health says the state now has 63,938 cases. By comparison, last weekend the state reported an increase of 739 cases from Saturday to Sunday.At least 2,700 Florida residents have died from COVID-19, as 12 new deaths were reported.Palm Beach County: 7,230 cases-372 deaths-Men: 3,586; Women: 3,526-1,309 hospitalizations-156 new reported cases since Saturday-2 new reported deaths since Saturdaylast_img read more

Hockey News Major Dhyan Chand Birth Anniversary: Know interesting facts about ‘The Wizard’

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first_img For all the Latest Sports News News, Hockey News News, Download News Nation Android and iOS Mobile Apps. New Delhi: Major Dhyan Chand – arguably the greatest hockey player and one of the finest sportsperson that India has ever produced – had won many accolades for the country during his playing days. August 29 is observed as the ‘National Sports Day’ in remembrance of the legend of Indian sports. ‘The Wizard’ Major Dhyan Chand was considered as the ‘Messiah’ on the hockey field as he used to cut open oppositions’ defences single-handedly. Dhyan Chand remains as the top of the crop due to his unmatchable skills and leadership quality.ALSO READ: Asian Games 2018, Day 11 LIVEThe President of India usually distributes honourable awards such as the Arjuna awards, Dronacharya awards and the Rajiv Gandhi Khel Ratna on the occasion of Dhyan Chand’s birth anniversary. However, this year the award ceremony has been postponed to 25 September due to the ongoing 2018 Asian Games in Jakarta and Palembang.ALSO READ: Eng vs Ind 4th Test Preview: Virat Kohli looks to conquer SouthamptonLet us take a look at some lesser known facts about the hockey wizard Major Dhyan Chand:Dhyan Chand joined the British Indian army at the age of 16 and took up hockey while he was a sepoy for the army.As he used to practice under moonlight, he was given the name Dhyan Chand (Chand in Hindi means moon). His real name was Dhyan Singh.Adolf Hitler was extremely impressed by Dhyan Chand’s talent with the hockey stick and even offered him German citizenship and the rank of Colonel in the Nazi army.According to reports, match officials once broke Dhyan Chand’s hockey stick to check if there was any magnet inside it. Such was the level of his incredible skills. Major Dhyan Chand was one of the key figures to help India win three Olympic gold medals in 1928, 1932 and 1936.Major Dhyan Chand’s son Ashok Dhyan Chand represented India in hockey and was the scorer of a deciding goal in the 1975 Kuala Lumpur Hockey World Cup against Pakistan to win the Gold Medal.Indian government warder Dhyan Chand with Padma Bhushan in 1956 and his birth anniversary on 29 August is celebrated as the National Sports Day across the country.last_img read more

Women of Troy can provide valuable lesson

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first_img“Sellin’ the Sizzle” runs Wednesdays. To comment on this article, visit dailytrojan.com or email Jonathan at jkendric@usc.edu. I’ve come to understand that often a woman’s input can really help a man with the problems or issues he’s facing in his life.As evidenced by their recent trip to the Arizona desert, the Trojans have their fair share of both problems and issues and most certainly could use a little help.USC returned from Tempe, Ariz., with its collective tail between its legs, blistered and burnt by the Sun Devils in a 43-22 loss. The theme this week for the Trojans is bouncing back, as USC and its coaching staff search for the keys to rebound from last Saturday’s loss in time for this weekend’s home game against Arizona.It wouldn’t be a bad idea for the big bad Trojans to walk across Heritage Hall and ask the No. 5 USC women’s volleyball team for a little advice.Just two and a half weeks ago, the Women of Troy had a program record 5,385 fans attend their home match against UCLA, only to get swept in embarrassing fashion by their biggest rivals.It would have been easy for the team to make excuses.For one, 2010 Pac-10 Freshman of the Year Falyn Fonoimoana was declared ineligible one week before the start of the season under what are still very mysterious circumstances. Fonoimoana, a 6-foot-4 outside hitter, was second on the team last season with 398 kills and was an integral part of USC’s run to the Final Four a year ago.Sophomore starting middle blocker Alexis Olgard had an offseason knee injury and has yet to play this season. Olgard made the All-Pac-10 Freshman Team last year and was second on the squad with 93 blocks.The Women of Troy had also played their first six matches of the year in the Eastern time zone, making back-to-back weekend trips to Pennsylvania and Florida for tournaments. USC returned to Southern California only to face Cal State Northridge in a gym with a broken air conditioner on a day upwards of 100 degrees.The players could have blamed any one of those things for the loss to UCLA and lamented their 5-3 start to what was supposed to have been a landmark season.Instead, they responded with four straight sweeps of Pac-12 opponents, including knocking off No. 4 Washington on the road and No. 1 Cal and No. 2 Stanford at home.Yes, the Trojan football team certainly could learn a thing or two from them.But this story really isn’t about the football team or their problems.The biggest USC-related headlines will always be reserved for Trojan football but the reality is that of USC’s 19 varsity athletic teams (excluding start-ups women’s lacrosse and sand volleyball), USC coach Lane Kiffin’s crew is the only one that can’t add to the university’s all-time haul of 115 national titles this year.The women’s volleyball team is certainly at the top of the list of national championship contenders.USC returned six of their seven starters from last year’s Final Four squad and has been bolstered by the impressive early season play of sophomore outside hitters Sara Shaw and Kirby Burnham and freshman middle blocker Hannah Schraer.Of the four teams ranked above them in the polls, the Women of the Troy have already beaten Washington and Cal (now ranked No. 3 and No. 4 respectively). No. 2 UCLA has lost twice this season, leaving No. 1 Illinois as the only undefeated team left in the nation’s top-10.USC’s victory over Cal also gave the team a mental boost, as it was the Golden Bears who swept the Women of Troy out of the national semifinals last December.USC coach Mick Haley, however, still believes his team can get a lot better.Following the Women of Troy’s Saturday sweep over Stanford (their first against the Cardinal in five years), Haley told USCTrojans.com that USC committed “way too many errors, didn’t serve tough enough and didn’t pass well.”It’s not the first time Haley has been a harsh critic.“I think we’re talented,” he said after a practice before the team’s Sept. 9 game against UCLA . “We’re not going to overpower teams like the 2002 and 2003 teams did but as our younger kids get stronger, I think we have a chance to do this right. But you never know. You have to go through it.”Haley takes the wait-and-see approach because this isn’t his first rodeo. One of the most respected volleyball coaches in the country, Haley has won six national championships in his career, including two at USC in 2002 and 2003.On second thought, maybe junior quarterback Matt Barkley and his teammates should call first before heading over to the volleyball office.They might need to make an appointment because the Women of Troy are busy putting together their own special season.last_img read more

Cashel gear up for big game

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first_imgThe Tipperary outfit are taking on Blackrock in the Division 1B playoffs of the Ulster Bank League tomorrow. The success of the club in the League this season has been put down to having ‘a very good machine’ behind the scenes.Committee member Peter Silk says a lot of people help to ensure that Cashel can give their best on the field of play.last_img

CAS Ruling Vindicates Amaju Pinnick on CAF Champions League

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first_imgBefore then, Pinnick had, in a letter of passionate concern, appealed to the CAF President to check his arbitrariness and “graciously and magnanimously allow all departments of CAF to do their job without interference.”“We also need to engage CAF legal and governance structures and indeed have extensive consultations before major decisions are taken,” Pinnick had also advised. Amaju Pinnick NFF President President of the Nigeria Football Federation, Amaju Pinnick, has been vindicated on his stance against the order for a replay of the second leg of the 2019 Champions League made by the Confederation of Africa Football Executive Committee.Following appeals lodged by the two clubs, Esperance of Tunisia and Wydad Casablanca of Morocco, the Court of Arbitration for Sports ruled, on Wednesday, that the CAF Executuve Committee “did not have jurisdiction” to make the order. It directed that the matter should be referred to the “competent CAF authorities” to decide.Seeing that Ahmad was intent and had skewed the deliberations of the Executive Committee to arrive at the order, Pinnick took leave before the resolution was passed. It was at that point that the plot not to renew his mandate as CAF 1st Vice President thickened.center_img Had Ahmad listened to this voice of reason and not deluding himself in the ecstasy of sycophancies and dirty, divisive politics of pitching Francophone and Anglophone Africa against each other for his selfish gains, CAF would have avoided the negative exposures in which it is now progressively miring itself.Indeed, while the Champions League miscarriage points to Ahmad’s poor judgment in directing CAF, the CAS ruling invariably yellow cards his unbridled propensity to overreach his powers with disregard for institutional governance, a vice that has continued to dip African football into disrepute as now underscored by the resolution for FIFA to take over the management of the confederation for the next six months.The Esperance vs Wydad incident is not a strange occurrence in football such as would warrant the naivety with which Ahmad handled the matter: both teams drew 1-1 in the first leg in Morocco. Espérance was leading 1-0 in the second leg in Tunisia when Gambian referee Bakary Gassama disallowed what would have been Wydad’s equaliser in the 59th minute. The Wydad players asked for a VAR review but there was no VAR. It was said that officials of both sides had been briefed that there would be no VAR. The Wydad players staged a walk out and abandoned the game. All entreaties by top CAF officials, including Ahmad, to get them back to play, were refused. After over 90 minutes of hold up, the referee decided to end the game and awarded the match to Esperance who at that point were 2-1 ahead on aggregate. The trophy was presented to Esperance in a CAF ceremony. Weeks later, same CAF Executive Committee decided to recall the match and ordered a replay. That became the subject of the dispute at CAS.Law 5 of football is simple and universal. It states clearly that “each match is controlled by a referee who has full authority to enforce the Laws of the Game. Decisions will be made to the best of the referee`s ability according to the Laws of the Game and the spirit of the game and will be based on the opinion of the referee who has the discretion to take appropriate action within the framework of the Laws of the Game. The decisions of the referee regarding facts connected with play, including whether or not a goal is scored and the result of the match, are final. The decisions of the referee, and all other match officials, must ALWAYS be respected.”Isn’t it a shame, therefore, that Ahmad chose to violate such primary law of the game to subject the outcome of a match to the patronage of his political associates with a view to currying their support to preserve himself in power, as many now suspect?With any little rustle, Ahmad’s CAF betrays frightening incompetence. It will be recalled that in the 2019 CAF Confederation Cup match between RS Berkane of Morocco and Zamalek of Egypt, the Moroccan football federation president, Fouzi Lekjaa, assaulted Ethiopian referee Bamlak Teseema Weyesa for making an unfavorable call. The CAF Disciplinary Committee headed by Raymond Hacks rightly recommended a minimum of one year ban and €50,000 fine on him, but Ahmad has continued to disregard the committee and the need to apply the sanction as a deterrence against such primitive impunity. Rather, he has rewarded Lekjaa’s thuggery with a promotion as CAF 2nd Vice President.As it stands now, the conclusion of the 2019 CAF Champions League is a long way away. Expectedly, even with the admonition by CAS, Ahmad may still wallow in his misuse of power and dig deeper into mud by compromising the “competent authority of CAF” to resolve the conflict in favour of politics rather than the sanctity and integrity of the beautiful game.But, the world is watching as he continues to dance African football naked in the market place, all in the name of power.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img

Guyana’s Government Announces COVID-19 Relief Measures

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first_imgIn March, after the country recorded its first case of the virus, Commercial banks had agreed to deferring loan payments and reducing interest rates on loans. This will allow the businesses to meet payroll, remain open, and keep their staff employed during the tough economic times accompanying COVID-19. However, most of those initiatives were initially set for three months. The President also announced that commercial banks agreed to continue supporting businesses with short-term capital needs. These requirements are set out in the 13 guidelines that the Bank uses to regulate financial institutions. “Commercial banks agreed to offer general concessional reductions of interest rates of one per cent and up to two per cent on customer loans below GUY$10 Million until December 30, 2020. The existing lending rate ranges between 6.5 per cent and 16 per cent. Some commercial banks have agreed to apply special treatment to the interest accrued during the moratorium period,” he said. In an address to the nation on Wednesday, newly appointed President, Dr. Irfaan Ali said an agreement has been reached with the local banking sector to extend the moratorium on loan payments until the end of the year and to cut interest rates. He also revealed that the Government is securing US$60M to fund various aspects of its response to COVID-19. This means that customers with mortgages and other loans will be spared the financial burden of servicing these loans, and in turn, loans will not be classified as non-performing, in an effort to ensure that they do not default. GEORGETOWN, Guyana – The Government of Guyana has announced measures geared towards easing the financial burden on citizens in the wake of the COVID-19 pandemic. CMC The money is being sourced from the World Bank, OPEC Fund for International Development (OFID), Inter-American Development Bank (IDB), and the Islamic Development Bank. “Commercial banks have agreed to waive all bank charges, including ATM and Merchant Bank charges to encourage more out-of-bank transactions, as well as charges for transactions by senior citizens,” the President added that these measures will not impact the soundness of the banking sector. Ali also announced that the Bank of Guyana will relax certain requirements that would allow Banks to cushion their losses and increase liquidity by GUY$9.4 billion. r. Irfaan Ali taking the Oath of Office before Acting Chancellor of the Judiciary, Justice Yonette Cummings Edwards (Photo courtesy News Room Guyana)last_img read more

Betfair Politics – Jo Swinson 4/9 to become first female leader of the Liberal Democrats

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first_img Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Submit Share Share StumbleUpon ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020center_img Betfair Odds:Next Liberal Democrat LeaderJo Swinson 4/9Vince Cable 4/1Norman Lamb 4/1Ed Davey 11/1Alistair Carmichael 20/1Layla Moran 20/1Tom Brake 25/1Kirsty Williams 25/1Mark Williams 25/1Wera Hobhouse 33/1Willie Rennie 33/1Christine Jardine 33/1Jamie Stone 33/1Greg Mulholland 50/1Stephen Lloyd 50/1Simon Hughes 50/1David Laws 66/1Nick Clegg 66/1 Related Articles Opening its ‘Next Liberal Democrat Leader’ market, following the unexpected resignation of Tim Farron this Wednesday, Betfair Politics has placed Jo Swinson MP for East Dunbartonshire as 4/9 early market favourite.Tim Farron resigned on Wednesday night, less than a week following the results of the 2017 UK Snap General Election in which the Lib Dems increased their Parliamentary representation to 12 seats.Farron stated that well-documented media clashes concerning his faith and politics had distracted from his party’s election campaigning, thus forcing him to resign as leader.The party has detailed that Farron will serve as its leader until Parliamentary Recess (20 July), with the next incumbent expected to be announced by September’s Parliament opening.Should the Lib Dems appoint Swinson, she would become the first female leader in the party’s 80-year history. Betfair Politics currently prices party stalwart Vince Cable as 4/1 second favourite, alongside Norman Lamb MP for North Norfolk.Katie Baylis – BetfairBetfair Politics Spokesperson, Katie Baylis commented on the market: “After winning back her Dunbartonshire East seat last week, Jo Swinson was tipped to become deputy leader of the Lib Dems, but Tim Farron’s shock resignation has seen her go straight in as favourite for the top job in the party.“Despite high hopes for a big Lib Dem comeback in the Election, they didn’t do nearly as well as they would have liked, with Farron himself enduring a difficult campaign. You would imagine they will be looking for a fresh new approach, which could be why Swinson leads the betting ahead of older-hands such as Vince Cable and Norman Lamb.” Bookies Corner: Trump Presidency sinks as US 2020 enters its 100 day countdown July 29, 2020last_img read more