Banks Outline Approaches To Euro Preparation

FRONT PAGE

NEW YORK--Operations managers from Chase Manhattan Bank, First Chicago NBD, Goldman Sachs, JP Morgan and Morgan Stanley outlined their experiences of preparing for the single European currency at a conference held in New York on June 12. The conference was organized by the Foreign Exchange Committee, an industry body affiliated with the Federal Reserve Bank of New York.

Much of the discussion centred around implementing standard settlement instructions (SSIs) for forex deals involving one or

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