Twist tackles credit and operational risk

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The Treasury Workstation Integration Standards Team (Twist) initiative has finalised a number of new standards for improving straight-through processing and reducing credit and operational risk in the trading of foreign exchange and other instruments. It has also signed up a number of new members, including Bloomberg, global corporate Sara Lee and technology suppliers Cognotec, Exidio and RCP Consultants.

The new standards cover credit checks and chat, settlement and payment messages.

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