JP Morgan Advancing Real-Time Payment – LINK
Adding SEPA Instant is another step towards offering real-time payments around the globe,” stated Sungmahn Seo, Managing Director, Head of EMEA Payments & FX for J.P. Morgan Treasury Services. “SEPA Instant will allow our clients the ability to make/receive a payment within seconds, for credit transfers in EUR up to 15,000, with 24/7 availability and a Pan-European reach. Furthermore, we offer a single global API for our clients to connect with us for multiple real-time payment systems.”
Guess we will start to see the decline of the 3-day long wire transfers going forward. But it would have to balanced with fraud risks with Bank for International Settlement.
Real long-term, I would be interesting to see the systematic impact on the derivatives. market – as the birthplace and origin of the derivative market in all financial markets (dating back to 1500’s) was founded due to counterparty risks (i.e. I buy ten bushels of wheat for x # of gold, amount that’s too heavy to transport with mulls, so financial institutions back them created derivative market to balance buyer and seller cashflow risk mgmt).
Intersection notepad 