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09/12/19
19:34
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Originally posted by hotmix87:
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From the IR email today "These results have been achieved in just over 10 months of operating our Paydentity™ ecosystem. Paydentity™ is already connected to the SEPA EU interbank rails, to the Visa, Mastercard, JCB, Diners, Discover card ecosystems, as well as shortly to the international SWIFT via our EU SWIFT code ISEMCYXXX." Looks like ISX "EU SWIFT CODE" ISEMCY22XXX was directed to Australia ISX has two other SWIFT CodesISEPAU31 - which is for iSignthis eMoney AU ISIGAU31 - which is for corporate iSX Looks to me like they are redirecting their EU domain back to the EU and connecting to Target2, and possibly getting ready to connect ISEPAU31 to the RBA ESA. That would allow international multicurrency to flow in to their Australian operations via their Australian SWIFT Code, and support this statement: "With our Reserve Bank Exchange Settlement Account (ESA), AFSL and ADI licenses already in progress, ISX will in future be able to compete directly with the ASX owned Austraclear that offers BIS Model 1 with T+2 and single currency. ISX will deliver a far more advanced BIS Model 2 and 3 DvP, incorporating T+1 and multi-currency settlement. This will in due course give a large number of Australian brokers direct connectivity to ISX’s ecosystem, and Australia an alternative to the Austraclear monopoly."
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Don't know if the mention of Austraclear, owned by ASX, in the ISX announcements had anything to do with it, but did you notice the ASX share price reached a peak of $80.96 only to finish down at $79.64. Just an observation. No discussion requested or required.