Liquidity – Beacon at Bangsar Thu, 30 Jun 2022 12:31:00 +0000 en-US hourly 1 Liquidity – Beacon at Bangsar 32 32 BofA sees 50% downside for Bed Bath & Beyond as liquidity concerns loom large Thu, 30 Jun 2022 12:31:00 +0000

Michael M. Santiago/Getty Images News

Bank of America analyst Jason Haas sees potential in Bed Bath & Beyond (NASDAQ:BBBY) shares will be cut in half after an abysmal earnings release on Wednesday.

He indicated that unfavorable sales results and inflated inventory confirm his team’s earlier suspicions that management had jumped too quickly into proprietary brands that simply didn’t appeal to consumers. In fact, Haas expects many core customers to be alienated by the lack of national brands and to be “hard to win back.”

However, Haas said the steep declines in sales aren’t even the biggest threat to the company in the near term.

Liquidity is now our primary concern after the business burned over $500 million in the first quarter,” he explained. “At the end of the first quarter, BBBY has a cash balance of $100 million and $700 million available on its gun.”

Obviously, the company cannot continue at this rate. Although Haas has modeled an improving trend through the end of the year as inventory levels decline, there are, in his view, sufficient reasons to remain wary of the sustainability of the company as part of this trend.

“We are cautious that suppliers may start to reduce payment terms,” ​​Haas warned. “If these are reduced from 60 to 30 days, that would imply a cash outflow of $400 million, which would put BBBY in a very tight liquidity position.”

As such, it has reduced its price target to just $2.40 from $3 previously, reaffirming an “Underperforming” rating. He has held this bearish rating on stocks since October 2021, with stocks down around 70% from then. The shares fell more than 4% in premarket trading on Thursday, implying an opening price of around $4.80.

Elsewhere, Haas has indicated that he thinks a Buy Buy Baby sale appears “out of place” as the company undergoes a management transition.

LACHAIN Revolutionizes Yield Farming with Zero-Friction Multi-Chain Yield Market, Eliminating the Need for Cross-Chain Swaps While Hunting for Highest Yield Across Chains and Protocols Mon, 27 Jun 2022 22:00:00 +0000

LONDON, UK / ACCESSWIRE / June 27, 2022 / LACHAIN, a revolutionary new DeFi-focused L0/L1 network, has launched a groundbreaking multi-chain yield market. The LACHAIN ​​Yield Marketplace simplifies the yield farming experience, opens yield farming to the masses by allowing users to maximize their yields across chains and transfer liquidity from pool to chain to another pool with higher APY on a different chain in 2 clicks without bridges, different gas tokens and complex cross-chain transactions. LACHAIN ​​eliminates the need for cross-chain exchanges. It enables seamless access to a multitude of decentralized financial products on major blockchains.

LACHAIN ​​Yield Market unlocks the ability to move crypto across chains and protocols in 2 clicks and pay all gas fees in Los Angeles. Therefore, the launch of automatic yield management, DeFi funds, interoperability of metaverses and games is now very clear and simple. The market uses LACHAIN ​​Automated Market Maker LACHAIN ​​Decentralized Exchange (LaDEX) with a unified liquidity pool.

The LACHAIN ​​Bridge L0 protocol uses LaDEX to purchase gas tokens to pay for transactions and exchange crypto through LA as an intermediary token.

Unlike other bridges, LACHAIN ​​leverages LaDEX’s unified liquidity pool and thus the same liquidity can be reused for multiple chains and tokens instead of having sharded liquidity on each chain.


Instead of fragmented liquidity pools of chain-specific tokens (i.e. Ethereum USDT, Avalanche USDT, fUSDT), requiring bridges to transfer liquidity, LACHAIN ​​empowers universal tokens for all chains ( warp-token) wUSDT, which are guaranteed 100% end-points per chain-specific USDT locked.

The native LACHAIN ​​LA token is used as a universal gas and fee token to pay for all LACHAIN ​​and other chain transactions. It allows you to manage yield across chains without holding multiple gas tokens from each chain. LACHAIN ​​L0 layer messaging provides accurate gas price data and calculates total charges in Los Angeles.

LACHAIN ​​L0 is secured by double on-chain validation of each cross-chain transaction – the first time by locking the chain-specific stablecoin and issuing a warp token, and the second time when the warp token is released and the underlying original token is placed on the chosen yield farm on a different chain.

LACHAIN ​​L1 is an EVM-enabled WASM network with an ultra-fast Honey-Badger BFT consensus mechanism (being finalized under audit by HashEx) allowing existing smart contracts to be easily transferred thanks to the token engine unique LACHAIN ​​distortion.

Before and after the LACHAIN ​​revolution

LACHAIN ​​has set up over 100 farm pools across Polygon, Avalanche, Fantom and BSC with APY up to 1500%.

Before LACHAIN: Yield producers had to use bridges, buy gas tokens on different chains, and perform complex, expensive, and time-consuming cross-chain transactions. Additionally, each yield opportunity on a specific blockchain required the use of a specific bridge. This is why the DeFi market was mostly concentrated in the Ethereum chain only.

But the paradigm has changed significantly: high returns on different L1 and L2 blockchains have emerged with their unique characteristics.

With LACHAIN: Yield producers are able to provide liquidity to generate opportunities on any chain without cross-chain trading. No need to use fancy bridges, buy different gas tokens, and spend time and effort transferring cash between chains. LACHAIN ​​has become a one-stop-shop for yield management across multiple chains, accessible to everyone without unnecessary complications.


LACHAIN ​​is a gateway to the future of Web3 for the masses. It is easy to launch or manage assets and protocols on chains with L0 and bridges secured by L1 chain validation for DeFi, NFT, Metas and Games. LACHAIN ​​simplifies your journey in the crypto-world by solving the most common user headaches across chains, including complicated gas payment process, lack of interoperability between chains, liquidity fragmentation and ineffective cross-chain performance management.

LACHAIN ​​is definitely a promising project that will continue to implement groundbreaking new breakthrough solutions for the blockchain industry and bring additional value to the Web3 multiverse.

For any request, contact:
Viktor Kurylo, Public Relations Manager


See the source version on Seeking the highest return across chains and protocols

IMF suggests measures for ‘independent monetary policy’ for Qatar Sun, 26 Jun 2022 17:32:00 +0000

The International Monetary Fund (IMF) has suggested a series of measures, such as deepening financial markets and tackling balance sheet vulnerabilities, to allow Qatar to pursue a more independent monetary policy over the long term, even if interest rate policy exchange rate remains a “credible monetary strategy”. anchor”.
In its Article IV consultation with Qatar, the IMF found that the country’s exchange rate peg continues to serve Qatar well.
The Bretton Woods Institution’s assessment found that the peg is a “credible monetary anchor”, which will be further supported by fiscal consolidation and competitiveness-enhancing reforms.
A more flexible exchange rate regime would have a limited effect on external competitiveness since 87% of Qatar’s exports are made up of hydrocarbons and could generate significant uncertainty and negative effects on the balance sheet (forex accounting for 17% and 32% respectively). % of banks’ assets and liabilities) , It said.
Given the strength of the recovery and the abundance of liquidity, the IMF supported increases in the Qatar Central Bank’s key interest rates, following the measures taken by the United States Federal Reserve, which, together with the reduction zero rate repo facility, should help reduce excess liquidity and strengthen monetary policy transmission, he said, noting that since March 2022, the QCB has increased the deposit rate by 50 basis points (basis points), the lending rate of 25 basis points and the repo rate of 75 basis points.
QCB Governor HE Sheikh Bandar bin Mohamed bin Saud al-Thani recently told the Qatar Economic Forum, powered by Bloomberg, that the exchange rate policy serves the economy “very effectively”, adding that he does not expects no change in exchange rate policy. .
The monetary policy of the country has been linked to the policy of the US Federal Reserve due to the fixed exchange rate of the riyal with the dollar.
“To pave the way for a more independent monetary policy when it becomes appropriate in the long term,” the IMF recommended strengthening liquidity management through better liquidity forecasting and coordination between fiscal authorities, the Qatar Investment Authority ( QIA) and the QCB.
The measures also included steps to deepen financial markets to improve monetary transmission; and contain balance sheet “vulnerabilities” related to exposure to exchange rate risk.
“Containing banks’ exposure to external liabilities and deepening financial markets would help reduce vulnerabilities and improve monetary transmission,” the IMF report said.
The QCB noted its work to establish liquidity forecasts in coordination with relevant government agencies to promote a proactive liquidity management framework and strengthen monetary policy.

TS Imagine adds liquidity from Coinbase Prime Fri, 24 Jun 2022 16:59:00 +0000

“With the connection to Coinbase Prime, our institutional clients can now access this important liquidity venue and trade cryptocurrencies in a safe and regulated manner.”


TS Imagine has connected to Coinbase Prime, the leading brokerage arm of the US-based crypto exchange, to offer institutional clients a fully regulated route to trade cryptocurrencies.

The company offers trading, portfolio and risk management solutions for capital markets and now allows customers to connect to Coinbase Prime with TradeSmart, an order management and execution system for all assets, and to gain efficiency through the management of transactions and investments in cryptography and any other asset class within the SaaS platform of TS Imagine.

Andrew Morgan, President and Chief Revenue Officer of TS Imagine, said, “With the connection to Coinbase Prime, our institutional clients can now access this important liquidity venue and trade cryptocurrency in a safe and regulated manner. Our goal is to offer the most comprehensive list of quality destinations to our clients while establishing an institutional grade regulated pathway for trading digital assets, which in light of the recent market turmoil is what that professional investors are looking for,” added Morgan.

Brett Tejpaul, Head of Coinbase Institutional, said, “We are excited to offer TS Imagine’s institutional clients the highest level of secure transaction execution and custody with access to Coinbase Prime. Coinbase Prime’s unmatched track record of providing customers with an integrated solution that offers secure custody, an advanced trading platform, and top-notch services makes us the smart choice for professional investors looking to manage crypto assets in one place.

TS Imagine has two SaaS platforms, TradingScreen and Imagine Software, as part of its integrated real-time trading, portfolio and risk solutions for capital markets.

The company serves approximately 500 global buy-side and sell-side institutions in North and South America, EMEA and Asia-Pacific, including hedge funds, traditional asset managers, pension funds, mutual funds investment and financial institutions.

It was in mid-2021 that TradingScreen merged with Imagine Software to form TS Imagine. The firm has become the first vendor to integrate Goldman Sachs pre-trade cluster analysis into its trading system to support buy-side best execution requirements.

The dynamic end-to-end portfolio management and trading software platform connects the investment management industry to a network of brokers, banks and exchanges.

By integrating Goldman Sachs pre-trade cluster analysis, investment managers are able to automate more of their stock trading workflow. Goldman’s Quantitative Execution Services team categorizes microstructure-based stock characteristics into “clusters,” which define the precise nature of stock tradability based on volatility, liquidity, and complex, non-linear dynamics.

This enables highly informed decisions on how investment managers will trade, including driving the optimal order routing options for order execution to selecting the best algo available on Algo Wheel. by TS Imagine.

Maple Finance Faces Liquidity Crunch From Babel Contagion Wed, 22 Jun 2022 08:11:26 +0000

Crypto lender Maple Finance is also facing liquidity issues amid the current liquidity crunch in the crypto market. Maple Finance revealed on Wednesday that Babel Finance has a loan of $10 million in the Orthogonal Trading liquidity pool on Maple.

In fact, Maple Finance has warned that the lending protocol may experience liquidity issues in its pools due to more withdrawal requests. Lenders may not be able to withdraw funds and must wait for borrowers to repay the loan.

Meanwhile, the price of Maple’s MPL token fell nearly 50% in June, with the current price trading at $15.81.

Maple Finance exposure to Celsius, Babel and 3AC

Maple Finance on June 22 said Orthogonal Trading, a delegate with a liquidity pool on Maple, offered a $10 million loan in USDC to Babel Finance from its liquidity pool on Maple. Additionally, Orthogonal has been in contact with Babel management since Babel halted withdrawals due to liquidity pressure. Additionally, the team promised to focus on protecting the interests of lenders.

Liquidity pools on Maple are facing a liquidity crunch due to liquidity pressure. The current loan balance in multiple pools is zero. Lenders typically deposit into a pool to earn interest on the pool’s cash. This interest is determined by the conditions set by the pool delegate and the borrowers. In return, lenders earn MPL rewards.

In response to the lack of insufficient liquidity, Maple Finance said:

“As loans come due over the coming weeks, repayments from borrowers will increase the capital available in the pools which can then be withdrawn by lenders. Lenders will continue to earn interest and MPL token rewards during this time.

Additionally, Maple announced that it has no direct exposure to Celsius and Three Arrows Capital. However, borrowers on Maple have confirmed minimal exposure to 3AC and Celsius. In addition, Maple will contact its borrowers and collect updated financial statements.

Maple Finance founder Sid Powell defends the platform

Maple Finance founder Sid Powell in a June 22 tweet said the platform has a more antifragile system than CeFi. He asserts that a default in one pool does not impact lenders in another pool.

“There may be a delay in withdrawals pending repayment of loans, but withdrawals cannot be unilaterally frozen, making them more predictable and we are working to reduce delays through better design of mechanisms.”

Varinder is a technical writer and editor, technology enthusiast, and analytical thinker. Fascinated by disruptive technologies, he shared his knowledge on blockchain, crypto-currencies, artificial intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period of time and currently covers all the latest updates and developments in the crypto industry.

The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.

Liquidity Services to Particip – Sun, 19 Jun 2022 20:15:00 +0000

BETHESDA, Md., June 09, 2022 (GLOBE NEWSWIRE) — Liquidity Services, (LQDT, Financial), a leading global commerce company powering the circular economy, has announced that it will be participating in the following upcoming conferences:

  • Oppenheimer 22n/a Annual Consumer Growth and E-Commerce Conference on June 15. The virtual conference will include a presentation from Bill Angrick, co-founder, president and CEO of Liquidity Services, who will present at 12:45 p.m. EDT, with an on-announcement following throughout the day.
  • East Coast IDEAS Conference, held virtually on June 22. A 30-minute presentation by Mr. Angrick will be available beginning at 6:00 a.m. EDT, with one-on-one meetings throughout the day. Registered participants can view the webcast via the event+page. The presentation can be viewed on the conference website at: Investors interested in attending the IDEAS conference or scheduling a one-on-one meeting can contact Jean Marie Young at (631) 418-4339.

The Investor Presentation Platform will be accessible through the Investor Relations section of the Company’s website here.

About Liquidity Services
Liquidity Services (LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets with over $9 billion in completed transactions, to over 4.7 million qualified buyers globally and 15,000 corporate and government vendors. It supports its customers’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products going to landfill. For more information, visit

Liquidity Services, Inc. Investor Relations
[email protected]

Jean Marie Young
Three Part Advisors, LLC for Liquidity Services, Inc.
[email protected]

Liquidity-Services-Inc-.png ]]> Crypto ‘liquidity crisis’: When withdrawals get stopped Fri, 17 Jun 2022 23:46:10 +0000

But the emails have caused confusion, drawing heavy criticism online. “This Brex Account Shutdown Sucks” a Twitter post Lily.

“It’s obviously a difficult and painful day,” Dubugras said.

He explained what happened in an interview with Protocol, explaining why Brex initially decided to expand its reach into more traditional businesses and why it ultimately decided to pull out of a “huge” market.

This interview has been edited for brevity and clarity.

Start by telling us what happened. Some people have interpreted this as a move away from startups.

Let me share a bit of historical context. We created a company in 2017 focused on serving startups. We may underwrite them based on cash balances. We gave them a credit card based on that. It worked really well.

Then in late 2019, early 2020, we were like, “OK, how can we grow from here? What is the next phase of products? Small brick-and-mortar businesses seemed like a good way to go. So we built a lot of our systems to be able to integrate them.

I would say we were quite surprised by the amount. There are tens of thousands of startups in the United States versus tens of millions of small businesses. The scale this took on was very, very large. We thought everything would be fine; we’re just going to invest more in providing them with exceptional service.

At the same time, another effect was taking place. Our main customers, the startups, were starting to grow. As they got older, they started having all these new needs. They say, “Listen, we need you to solve these new expense management and overall management needs that I have. [expansion].”

What we realized was that we couldn’t do both at the same time. We couldn’t serve millions of small businesses in the United States and create products for the needs of our best and growing businesses.

We made the painful decision to leave this type of traditional brick-and-mortar small business in order to focus on start-ups. Our startup clients demand that we can grow with them for a longer period of time.

How do you define a startup and the companies you plan to continue serving?

It’s not a perfect definition. Our definition is anyone who has received any type of funding from venture capital, angel investors, accelerators, any type of professional funding. This is the startup we remain deeply focused and committed to.

They’re mostly tech startups, right?

Mainly tech startups.

How important has the traditional SME segment been to your business?

I would say the number of businesses we have onboarded each month has increased 25 times. So think about that and the impact it has on a business.

What are these companies usually? Restaurants or retail stores?

Restaurants, retail businesses, bakeries, florists, hairdressers, small design agencies. Small professional services, two-person design offices, things like that.

What if I own a business in these industries and was a customer, what should I do?

You need to transfer your bank account to another provider.

You will no longer serve my business needs.

To correct. Again, the reason we do this is so we can focus more on our primary customer. We wish we could serve everyone and do a great job for everyone. But we made the difficult choice to focus on our starting point.

What percentage of your total activity will be affected?

I don’t think we have any numbers to share there.

Are they hundreds of companies or thousands of companies?

What are we disembarking? It’s definitely in the tens of thousands.

Obviously, there has been some confusion. Can you tell us how the plan was discussed and executed?

Yeah, absolutely. Look, that’s something that honestly, for a very long time, we tried not to do. Our original plan was: We’re going to do both. As an organization, we are very capable. We have a lot of people. We have lots of resources. We’re just going to rack our brains and do both. Both are amazing markets. These are great business opportunities. We tried this for the majority of 2021.

Then at the end of 2021, we got to a point where we started to ask ourselves: what do we do from here? Are we sacrificing the experience for our primary customer? Are we allowing our best customers to leave because we are not meeting their needs? Are we building more products for everyone? Should we double the workforce? What are we doing?

And that’s the only solution we could offer. We were not willing to sacrifice the quality of our service for our main customer. Especially in this macroeconomic environment, our core business pushed us to go even faster. They were like, “Hey, I need to hire more people around the world. Can you build more global stuff? I want to control my spending more. Can you create more controls and more expense management elements? »

They pushed us to go faster in many things. It was really difficult to do both at the same time.

And we’re like, ‘We have to do this. We will do it once. So we are not going to start relocating a little now and a little in two months, a little in three months. We’re going to do it all at once, a clean cut and make it very clear to everyone what we’re focusing on.

On execution, I would say, probably if I had to go back, I would have been clearer on the distinction between startups and small businesses and what qualifies each. Looking back, I still think it was the right decision for our main customer.

What did you mean, there should have been a clear definition?

Have we misclassified a company? Most likely. That’s a lot of customers. We are not perfect. If we find out we made a mistake and they fit our definition, we’ll support it. It is therefore reversible. We will support them.

But that being said, I think when we talk about small businesses, I think some people interpret it as startups as well, which is really bad for us because we’re doing this to support startups even better. This is the completely opposite message we were trying to send.

There are a lot of gray areas. You talked about design companies that could serve tech startups.

This is why we use venture capital as a criterion. If professional investors are investing in your business, these are our criteria.

It will be disconcerting to some that you have all this demand, customers who want your service, and you say, “No, we can’t serve you.”

The needs of these customers are actually quite different. It wasn’t that they were asking the same thing of us, was it? Startups were asking, “Hey, can you help us hire faster globally?” Can you help me control my expenses with software? Small customers ask, “Hey, can you give me a line of credit to weather the storm?” Can you advance my claims? Can you give me lease financing? »

They were completely different needs.

But aren’t their needs somehow simpler? Why were you unable to maintain this segment of the business given the size of the SME market?

It’s huge, yeah. It’s a great deal. It is not simpler, in fact. It’s not more complicated either. It’s just different. When we onboard a startup, we can have top-notch service for them, talk to all of them on the phone, help them through everything. With a small business, it’s not economical to do because there are so many. There are tens of thousands, maybe millions of them, so you have to have all of your systems extremely automated, extremely perfect. You can’t hold hands. Everything has to be super, super scalable. We could eventually get there, but we have to invest a lot of resources to get it right so we can keep evolving.

Fintech lenders targeting traditional small businesses emerged because traditional banks said it was too expensive to meet their needs.

It’s true. There are amazing companies that focus on just that. If you look at Square, their whole stuff does it super scalable and cheaper. It’s their business. Our profession has a nuance. Our clients are growing very quickly.

With Square, if their main customer is the restaurant or the coffee shop, they won’t be saying in two or three years, “OK, now we’re Starbucks. I need all these new things. Our clients in three years are like, “I need all these new things because I’ve grown up,” right? The fact that they grow forces us to follow them.

The story now is that you’re moving away from mom-and-pop shops, restaurants, retail stores, and all those businesses that make up a big part of the SME sector. How do you think about this?

You get this advice when you’re a founder, that focus is very important. When we started the company, we were 20 people and we were like, “Hey, we built this product with 20 people. Why can’t we just build all these other things with 20 others? »

You think you can do all of these things at the same time. I think the reflection and the learning for me is that you can do less things at the same time and you have to focus, otherwise you won’t do one or the other very well.

Again, it’s really painful. Because we understand the stress we are placing on many small businesses, especially during this time. But we hope you know people understand that it is in order to serve our main customer.

And we wouldn’t be able to serve those small businesses well because we’re not making the new products that they need. And there are so many amazing companies and fintechs out there that their whole purpose is to serve them, so they’d probably be better off betting on a partner that focuses exclusively on that.

What are the next steps for you, given this change?

I think the most urgent thing is to first remind our key customers that they are safe. We are not going to leave their market. And it was all for them. That’s probably number 1. The second thing is to be extremely supportive and use the majority of our resources over the next two months for customers who need to transition.

I wonder if you’ve had a conversation with a restaurant owner or a retail store owner or any small business owner who during the pandemic signed up with you and now you’re saying, “We can’t to serve “.

I have, yes. And it’s painful, because we asked them to bet on us at the time. And now we’re eliminating them. It is therefore very painful for us and for them. So we’re very empathetic and we’re going to do whatever we can to help them make the transition.

Central Bank – The Island Thu, 16 Jun 2022 00:01:03 +0000

By Sanath Nanayakkare

With soaring key interest rates, rupee liquidity in banks is different from what is normal, Yvette Fernando, Deputy Governor of the Central Bank, said in a webinar organized by the Center for Banking Studies. of the Central Bank.

“According to the reports we have received, the current rupee liquidity in the banks has not caused any distress to their day-to-day transactions. However, in a rising rate environment, customers sometimes switch banks to obtain higher rates. and some even choose to use their deposits to buy treasury bills which earn them higher returns. This is normal when there is a big change in interest rates. You know banks accept deposits customers and invest these funds in a variety of ways to help the economy grow, while keeping depositors safe and rewarded.However, when such significant changes are made to the exchange rate policy and interest rates interest, banks feel the impact of these political decisions on their investment decisions.

She made the remarks in response to a question from the audience about whether the lifting of the fixed exchange rate regime and the mind-blowing interest rate figures could destabilize the banking system.

Elaborating on this particular public concern, she said: “Even before the last interest rate hike and flexible exchange rate policy, banks experienced strains due to lack of foreign exchange over the past 12 to last 18 months. Their foreign remittance base shrank and their foreign inflows plummeted after Sri Lanka’s credit ratings were downgraded by international rating agencies. Under such circumstances, banks had to make loan repayments. New loans could not be taken out and existing loans could not be renewed. Some banks were hampered in interbank settlements because their foreign entries were insufficient. The Bank of Ceylon and the People’s Bank, which provide substantial funds to finance the importation of fuel, propane gas, medicines and other essentials, have also felt a significant impact as a result of these developments. This situation led the two state banks to collaborate with other banks to facilitate critical shipments where the Central Bank also intervened when needed.

“Today, the latest interest rate hike and exchange rate policy have had an even more significant impact on banks’ assets and liabilities. However, banks’ capital and liquidity buffers are at optimal levels and have helped them operate resiliently despite the impact on their rupee liquidity.

The Deputy Governor went on to say that if the need arises to support the banking system with rupee liquidity, the Central Bank can do so within the regulatory provisions made available to it.

“We have the capacity to step in and provide this facilitation within this legal framework. We are always ready to do so. Even the Central Bank’s Monetary Council is aware of this situation,” she said.

“We recently allowed banks to operate in a new space of facilitated prudential requirements based on their assets and liabilities. I believe that in the short term, the adjustments to the macroeconomic framework and the measures taken by the government and the central bank will make it possible to strengthen the foreign exchange reserves and considerably mitigate these inconveniences. Thus, the banks will be able to operate as under normal conditions. It will take about a month or two to materialize. Of course, to achieve this, confidence in the Sri Lankan economy must be restored. A program with the IMF will help restore this confidence which, in turn, should revive the foreign exchange market, creating a more comfortable situation for banks,” she said.

Meanwhile, Prime Minister Ranil Wickramasinghe said on Tuesday that Sri Lanka had no rupee revenue and that by the end of the year the rupee crisis would be resolved with the introduction of taxes.

Gold-i adds Binance to Crypto Switch solution for brokers and fund managers Tue, 14 Jun 2022 08:04:57 +0000

“We added Binance due to strong customer demand, including high-growth regions such as Asia.”

Gold-i announced the integration of its Crypto Switch 2.0 with Binance, the world’s largest cryptocurrency exchange, as part of an initiative that allows Gold-i’s institutional clients to trade Binance’s offering and products at very competitive prices.

Capitalizing on Binance’s market-leading liquidity for investment and hedging opportunities, Gold-i continues to build its flagship aggregation, liquidity management, and distribution technology stack for digital assets.

Crypto Switch now offers broker and hedge fund clients a choice of 18 crypto-focused liquidity providers.

Tom Higgins, Managing Director of Gold-i, commented, “We added Binance due to strong customer demand, especially from high-growth regions such as Asia. Binance is a fantastic exchange that we have integrated into. It is the largest exchange in the world and it creates great opportunities for our clients. We have now completed our integration and are confident that this will drive even more demand from our institutional clients wishing to trade digital assets. »

The Gold-i Crypto Switch™ 2.0 provides an institutional solution for consuming and distributing crypto liquidity as it is connected to multiple market makers and crypto exchanges to ensure tight spreads, deep liquidity and low latency.

Fully integrated with central settlement and clearing partners, Crypto Switch provides fiat and digital asset settlement, regulatory compliance and institutional custody.

Gold-i is a renowned fintech within the FX and CFD industry, specializing in multi-asset liquidity management, advanced risk management tools and business intelligence software.

The company recently realigned its sales operations following a comprehensive business assessment aimed at optimizing the quality of its cash and digital asset management capabilities.

To that end, Gold-i has promoted its chief operating officer, Mark Alvarez-Buylla, to take on an expanded role as Chief Commercial Officer (CCO). Gold-i said Mark has played a key role in the development of its core products and therefore expects his rise to help accelerate momentum through 2022 and beyond. In his new role, he will lead Gold-i’s business and commercial strategy, with responsibility for sales, marketing and finance functions.

Gold-i then promoted Joy Li to Head of APAC, where she will have overall responsibility for managing the fintech’s Shanghai office team and will increasingly focus on the Crypto Switch solution, especially in Hong Kong, Singapore, Japan and Korea.

The Gold-i Bridge, Matrix and MAM are the company’s flagship products in Asia Pacific, but demand for digital asset trading continues to rise, leading Joy Li to lead a campaign to grow the customer base of Gold-i’s crypto fund managers in the region, managing their entire technology infrastructure, including access to crypto market makers and clearing.

SES Successfully Prices EUR 750 Million Eurobond – Parabolic Arc Sun, 12 Jun 2022 11:44:00 +0000

LUXEMBOURG, June 7, 2022 (SES PR) – SES SA today announced the successful launch and pricing of a bond issue in which the company has agreed to sell senior unsecured fixed rate bonds due in 2029 for a total amount of 750 million euros [US $789 million]. The new bonds will carry a coupon of 3.50% and have been priced at 99.725% of their face value, representing a credit spread of 175 bps and a yield to maturity of 3.55%.

SES is rated Baa2, outlook negative by Moody’s and BBB, outlook stable by Fitch. The proceeds of the issue will be used for general corporate purposes, which include refinancing existing debt.

With this transaction, which was more than twice oversubscribed, SES took advantage of current credit market conditions to further strengthen its liquidity profile well ahead of the maturity of the $750 million senior debt in April this year. next. Following today’s transaction, SES has no senior debt maturities to refinance until 2024.

BNP Paribas, Commerzbank, Goldman Sachs International, JP Morgan, Société Générale and SMBC acted as Joint Bookrunners. Settlement is scheduled for June 14, 2022 and an application has been made for the notes to be listed on the Luxembourg Stock Exchange. The securities were placed with a wide range of institutional investors across Europe.

Sandeep Jalan, Chief Financial Officer of SES, said: “We are very pleased to have secured this financing which allows us to further strengthen our liquidity position in a rising interest rate environment. The successful conclusion of this bond issue reflects the market’s view that SES is an investment grade credit and underlines SES’s ability to obtain financing at attractive terms.