Sunday, March 19, 2023

Banks set to pilot dollar clearing and settlement at IFSC

Over the next few months, Wall Street banking biggie JP Morgan, along with several other financial institutions, will carry out a pilot project where dollar payments and receipts can be completed among international banking units (IBUs) - or bank branches - at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat.

from Banking/Finance-Industry-Economic Times https://ift.tt/VrbxQYs

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