Archive

November 5th, 2009

mercantilenews

2009-01-28
 
First trading transactions of oil products went successfully through CMA’s clearing and settlement system at the St. Petersburg Mercantile exchange

CMA announced that trades of various oil products went successfully through CMA’s clearing and settlement system at the St. Petersburg Mercantile exchange
Stockholm, September 23rd, 2008. First trades of diesel and jet fuel took place at the Saint-Petersburg International Mercantile Exchange on September 23rd, 2008. The Exchange intends to carry out trading transactions of oil products on daily basis.

The Mercantile Exchange received the trading lisence from Federal Financial Market Services of Russian Federation in May of 2008. Its shared capital is 750 million Rubles. Its shareholders are such industry giants as: “Transneft”, “Transnefproduct”, “Rossneft”, "Gazprom Neft”, “Zarubezhneft”, “Surgutneftegaz”, and large trading and transportation companies such as: “Sovkomflot”, “RZD” as well as such large banks as “WTB”, “Sberbank” and “Gazprombank”.

The clearing and settlement is carried out by the daughter company of “Gazprombank” – ZAO RDC – Depository Settlement Company.

The clearing and settlement software provided by CMA is based on its own PIE® (Processware Integration Environment) integration platform. Due to this unique technology, the trading is possible between the Exchange, the RDC and the banks in real time.


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ucabnews

2009-01-28
 
CMA receives the highest credit rating from UC AB оf Sweden

UC AB - Sweden's largest and leading business and credit information agency has rated CMA's creditworthiness at the highest level.
Stockholm, December 19th 2008. Today CMA has announced that it has received Creditworthiness Level Number 5 - the highest credit rating from UC AB.

UC is Sweden's leading business and credit information agency. UC information is used as reference data for over 8 million business and credit decisions made every year in businesses, banks and finance companies.

The UC Risk credit evaluation system calculates the risk of a company becoming insolvent within one year. By insolvent UC means a situation in which the company cannot fulfil all its payment commitments. In order to easily be able to assess if this risk is high or low for a company, all Swedish companies are assigned a Credit Rating from 1 to 5, where 5 indicates the lowest risk of insolvency.

* Credit Rating 5 - means that a company is assessed as having the highest creditworthiness
* Credit Rating 4 - means that a company is assessed as having good creditworthiness
* Credit Rating 3 - means that a company is assessed as being creditworthy.

Each company is given a unique risk assessment which is updated daily with information from a large number of sources.

After thorough analysis CMA has been given Credit Rating number 5, indicating that the company fully completes its credit obligations and enjoys a very stable financial position.


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soliditetratingnews

2009-01-28
 
CMA receives a AAA rating from Soliditet - a credit- & business information company

AAA - Highest credit worthiness has been awarded to CMA from Soliditet of Sweden
Stockholm, January 28th, 2009. Today CMA has announced that it has received a AAA rating for highest credit worthiness from Soliditet Company - a credit- & business information company owned by Bisnode.

Soliditet customers have quick access to business- and credit information about more than 100 million businesses globally as well as all consumers in Sweden and Norway.

Soliditet in Sweden and D&B in Denmark, Finland and Norway have a uniform credit rating, rating history and limit.

AAA - means Highest credit worthiness it is applicable to limited companies only. Also, the company turnover must be higher than 2 M SEK, it must have existed for at least 10 years and ratios need to be substantially higher than industry average.

Each quarter Soliditet diplomates businesses that have had triple-A for at least 12-15 months. The company receives a diploma and gets the right to use the triple-A logo for marketing purposes, as a symbol for highest credit worthiness.

For more information, please visit: http://www.soliditet.se


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mauritiusnews

2009-02-24
 
CMA has provided its RTS/X solution to the Central Bank of Mauritius

CMA's Real Time Gross Settlement system has been successfully launched at the Central Bank of Mauritius
Stockholm, February 20th, 2009. Today CMA announced that within a four month period, it has provided its own RTS/X (RTGS -Real Time Gross Settlement system) solution to the Central Bank of Mauritius. Within this period CMA managed successfully to install, test and customize the solution as well as train Bank of Mauritius staff on how to operate the new system.
In addition to the strict global standard RTGS features, the new system supports interaction with:

* Accounting & budgeting system
* Bank cashier system
* Bankmaster - General Ledger
* Central Securities Depository System
* MNS module - a system for the processing of tax payments in Mauritius
* PLACH - check clearing system (part of its functionality is now embedded into RTS/X system)

Currently payments are being sent by the commercial banks of Mauritius via SWIFT Y-Copy scheme, which is fully supported by the new system (SWIFT V-shape support has been embedded as well).

On its first day of life operations the system had processed 1234 payment for the total amount of MUR 4 855 677 145.85 which is an equivalent of USD 150 586 979.23.

"We are very proud of this achievement" - as per Mr. Igor Kozintsev, Vice-President, CMA - "yet again, due to our unique integration technology and decade-long expertise in the field, this project could be successfully implemented within an unprecedented timeline and to complete customer satisfaction."


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October 16th

Stockholm, October 16th, 2009. Today CMA announced that it has successfully launched a complete RTGS solution (Real Time Gross Settlement system) at the Central Bank of Madagascar.

CMA's RTGS solution, called RTS/X, provides services for 8 commercial banks, the Central Bank and the Madagascar Postal Services.  The RTGS system is fully integrated with the Central Bank's Information System and Bulk Clearing System, and allows processin

October 5th

CMA announces that it has signed a Market Infrastructure agreement with the Society for Worldwide Interbank Financial Telecommunications - SWIFT

Financial market infrastructures are establishing or renewing their payment clearing and settlement systems on domestic or regional level. They are faced with an array of financial market infrastructure solutions and services to choose from.     Market Inf

August 18th

Today CMA announced that it has signed a contract for the provision of its DEPO/X solution (Central Securities Depository) to the Central Bank of West African States (BCEAO - Banque Centrale des Etats de l'Afrique de l'Ouest ).

Stockholm, July 7th, 2009. The award of the contract was a result of public procurement in which CMA has participated along with other international companies. Since 2004, BCEAO has been using CMA's Real Time Gross Settlement system, which unifies 8 countr

August 17th

CMA signed the contract for the delivery and implementation of the Depository System for registering of state securities including the auctions and liquidity management modules for Monetary Operations Department of the Central Bank of Oman.

Stockholm, June 5, 2009. CMA announced that it has signed the contract for the delivery and implementation of the Depository System for registering of state securities including the auctions and liquidity management modules for Monetary Operations Departme

CMA signed the contract with National Bank of Serbia.

Stockholm, July 1, 2009. CMA has announced that it has signed the contract for the provision of the new version of the Settlement System for the National Bank of Serbia. In 2003, the CMA company already supplied to the National Bank of Serbia the integrate

CMA has started the implementation of E-Trading System for Savings Bank of the Russian Federation.

Stockholm, February 25, 2009. CMA announced that it has started the implementation of E-Trading System for Savings Bank of the Russian Federation. The system “Sberbank-AST” is designed for e-auctions in accordance with the requirements of the Russian Feder