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-Banking/Finance-Industry-Economic Times https://ift.tt/HQlGqiC
via IFTTT

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