Author: Fintech Admin
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The History of Telex in Banking
Before SWIFT and ISO 20022, banks moved international payments over telex, authenticated by secret “test keys.” How it worked, why it fell short, and what it left behind.
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ISO 20022 Explained: A Practical Guide to the Payments Messaging Standard
A plain-language tutorial on ISO 20022: its history and predecessors, why it was created, how the ISO standards process works and why this is an ISO standard, plus how its messages are structured and named.
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T+1 Securities Settlement Explained: What the Shorter Cycle Changes
North America moved to T+1 settlement in 2024, halving the time to settle a trade. What the shorter cycle means, why it changed, and where the operational pressure falls.
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Initial Margin vs Variation Margin in Derivatives
Initial margin and variation margin are both collateral, but they do opposite jobs. What each covers, how it is calculated, the cleared vs non-cleared rules, and why both come due in a crisis.