Online Swaps Platform.TreasuryConnect LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (www.treasuryconnnect.com) offers a secure Internet-based trading platform designed for the efficient execution of currency and interest rate swaps Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. between banks and corporations. Developed by traders and system professionals, TreasuryConnect allows end-users to access many dealers simultaneously through a single Web site. The company's first live trade was done in May, and in August it announced the online purchase of a treasury cap by Toyota Motor Credit Corp. and a Canadian dollar-denominated interest rate swap by Xerox Corp. TreasuryConnect, with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , offers direct back-office links for straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. , documentation solutions, historical data, research and analytic tools to facilitate trading. It claims that it does not alter the existing trading process or the relationships between customers and dealers, but that its primary objective is to maximize the operating efficiency of the transaction execution process. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion