TWIST members rolling our compliant interfaces

As reported in the January 2003 edition of e-Forex, the TWIST standards initiative held a major conference in December 2002 with over 100 representatives of more than 50 corporates and banks as well as 30 service providers.

First Published by e-Forex News: April, 2003

As reported in the January 2003 edition of e-Forex, the TWIST standards initiative held a major conference in December 2002 with over 100 representatives of more than 50 corporates and banks as well as 30 service providers. At this conference the commercial interest for implementation of TWIST standards around the FX and MM trade life cycle was widely confirmed.
Various TWIST members now are rolling out TWIST compliant interfaces as part of their standard service offerings. Barclays Capital is leading a working group supporting banks with the implementation of TWIST for FX and MM. KPMG and Shell are leading a group that does the same for corporates. In the meantime Ernst & Young is co-ordinating the design of messages that allow for effective straight through processing of commercial payments and working capital financing. Alignment with SWIFT, CRG/Edifact and RosettaNet has been strengthened for this purpose.