Clarifying the Concept of Reserve Assets and Reserve Currency

In addition, users and compilers of data on reserve assets have been asking for practical guidance from IMF staff on how to determine reserve currencies and querying whether a list of reserve currencies exists. Typically, the staff of the IMF’s Statistics Department (STA) draws on the definition and description of reserve currencies in BPM6 and the text of the Reserve Template Guidelines. To date, all currencies included in the SDR basket are considered reserve currencies along with some currencies that are outside of the SDR basket as reflected in the COFER list of currencies separately identified.

Spotlight

Nico Holdings LLC

Nico Holdings LLC is a proprietary trading firm. We make markets and take positions 24 hours a day. We are active in exchange-traded and over-the-counter markets, including spot and derivative contracts. Nico’s initial focus on Treasury options has been augmented over the past decade to include trading operations in Energy, Agricultural Products, Metals, Equity Indices, and a number of Interest Rate-related products. Our trading strategies are as diverse as the products we cover, and span the technical-fundamental continuum. We have the ability to find mispricings and to execute beneficial trades; our unique local and global risk assessment and application completes the picture.

OTHER WHITEPAPERS
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The digital drive to replace the passport in financial services

whitePaper | February 17, 2020

Despite the onward march of technology, especially in the financial services sector, methods of authentication and identity confirmation appear to be falling behind the curve. While biometrics may be making inroads into the industry, the passport and the paper document remain the dominant way that many organizations authenticate their users via know your customer (KYC) checks and controls, which have become an ever-more important factor in a banks’ success.

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Digital Payments Materialization & Beyond

whitePaper | June 8, 2022

The non-cash payments typically constitute digital payments. The global payment landscape is rapidly changing and offers newer innovative solutions to retail and wholesale customers. As customers adopt these payment solutions, there is an increase in payments volume and value worldwide. Over the last few years, the global payments revenue has been growing consistently at 6-8% across geographies.

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Innovate to Succeed: The Client Call to Action for Wealth Management

whitePaper | December 11, 2019

For at least five years, the wealth management industry has been gripped by one existential question about its future: to what extent should technology play a role in its relationship-driven business model? Across all industries, new channels and technologies are changing the service demands of the modern customer. These trends are by no means exclusive to wealth management, but they are being felt acutely by the firms that operate here. A sector that has thrived for decades on life-long client loyalty is now caught up in a perfect storm of margin compression and escalating digital expectations.

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What will the future of banking look like?

whitePaper | December 18, 2019

The financial services industry is in upheaval and while there is a lot of recent talk about rising complexity and disruption, this transformation has actually been almost twenty years in the making. Since the year 2000, banks have faced stricter and more regulations, driving up the cost of compliance. Investment in new fintech players has grown steadily in the last decade.

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Muni Bonds: making every basis point matter

whitePaper | November 14, 2019

Municipal bond funds experienced strong flows in 2019, as tailwinds from the country’s new tax code (the 2017 Tax Cuts and Jobs Act “TCJA”) and low interest rates found investors flocking to the asset class for the tax benefit. Add in strong year-to-date performance, and investors may be asking if they missed the boat and if it’s too late to invest in municipal bonds. Yet, there are clear and distinct reasons why municipal bonds are still an attractive investment for investors today.

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Video Banking: The Next Generation

whitePaper | October 21, 2021

Some might say Video Banking is already a "next-generation" technology, and in many ways it is. But even though using video to provide face-to-face communication with remote experts is a welcome addition to online banking, most deployments to date add little more than a trust element. We can still find much room to further improve the customer experience as it relates to video and digital banking, as we will demonstrate in this paper. Video Banking is a remote one-way or two-way connection between you and a bank representative working in a call center, branch office, or from home. There are several use cases for Video Banking, depending upon your location and need. A common Video Banking model is the Personal Teller Machine (PTM),calso called a Video Teller Machine (VTM). A PTM functions like ancautomated teller machine (ATM) outfitted with a built-in monitor, camera, microphone, and speakers to facilitate video interactions. That allows a connection with a remote banker to answer questions about transactions when you need help. PTMs often have the convenience of 24-hour service with remote bankers on a shift-based roster to cover the customer load.

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Spotlight

Nico Holdings LLC

Nico Holdings LLC is a proprietary trading firm. We make markets and take positions 24 hours a day. We are active in exchange-traded and over-the-counter markets, including spot and derivative contracts. Nico’s initial focus on Treasury options has been augmented over the past decade to include trading operations in Energy, Agricultural Products, Metals, Equity Indices, and a number of Interest Rate-related products. Our trading strategies are as diverse as the products we cover, and span the technical-fundamental continuum. We have the ability to find mispricings and to execute beneficial trades; our unique local and global risk assessment and application completes the picture.

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