Multinet Set To Launch Forex Netting Service


Multinet International moved one step closer to launching a multilateral foreign exchange netting clearing house earlier this month, when it received its charter as a New York State bank.

The bank-owned group, now called Multinet International Bank, expects to receive final approval from the U.S.'s Federal Reserve to begin operations by the end of this year, say Multinet officials.

At its first organisational meeting, Multinet's directors elected Garrett Glass as the group's chairman-designate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: