Blockchain comes to bond market as Lombard Odier backs $15m deal

first_imgBlockchain also “mitigated counterparty risk” in the transaction and sped up the completion of the deal, Vuille added, “reducing what normally takes a few days to a matter of seconds”.Stéphane Rey, chief technology officer at LOIM, said: “Through this blockchain transaction, we have learned more about using the technology and the more practical aspects that needed to be handled, not least legal and compliance to name a few.”Solidum developed its own blockchain-based system, dubbed ILSBlockchain, to support its transactions in insurance-linked securities.Cedric Edmonds, director of Solidum Re, said the project was in part a reaction to difficulties raising small amounts of capital efficiently through traditional platforms such as Euroclear.The transaction is the latest example of asset managers and other financial services providers exploring the uses of blockchain.Last year, Northern Trust teamed up with IBM to provide a blockchain administration system for a private equity fund run by Unigestion.At the time, Northern Trust’s president of corporate and institutional services Peter Cherecwich said the system was “designed to deliver a significantly enhanced and efficient approach to private equity administration”.Vanguard is currently exploring the use of blockchain in the construction of its index-tracking products, while Dutch pension managers APG and PGGM are jointly working on a blockchain-based administration service. Lombard Odier Investment Managers (LOIM) has completed a bond deal using blockchain technology, in a transaction it claims is among the first of its kind.The manager participated in a $15m (€12.6m) issue of catastrophe bonds by a Guernsey-based subsidiary of insurance specialist Solidum Partners in August.Details of the transaction were recorded and communicated to deal participants via blockchain, a digital ledger technology that has risen to prominence in finance as the backbone of Bitcoin. The system allows participants near-instant access to secure, encrypted records of transactions that would otherwise be handled manually and take several days to complete. These records can be shared with regulators if needed.Simon Vuille, a portfolio manager in LOIM’s insurance-linked strategies team, said the technology had “markedly lowered the transaction costs relative to other settlement methods where costs are prohibitive for transactions of this size”.last_img read more

FIFA stop players from internationals duties amid travel ban

first_img European national teams are scheduled to begin qualifying groups for the 2020-21 Nations League, with games on Sept. 3-8. The women’s international call-up dates are Sept. 14-22. Loading… Promoted ContentPretty Awesome Shows That Just Got CanceledBest & Worst Celebrity Endorsed Games Ever Made10 Risky Jobs Some Women DoEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouBirds Enjoy Living In A Gallery Space Created For ThemWho Is The Most Powerful Woman On Earth?5 Of The World’s Most Unique Theme ParksYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeMeghan And Harry’s Royal Baby: Everything You Need To Know2020 Tattoo Trends: Here’s What You’ll See This YearWhat Are The Most Delicious Foods Out There?8 Superfoods For Growing Hair Back And Stimulating Its Growth Clubs may be exempt from releasing players for upcoming national-team games in European countries that have travel restrictions because of the pandemic, FIFA said Monday. FIFA said it will waive the obligation on clubs to hand over their players for the international break that starts Aug. 31 if they have to go to countries with national travel restrictions or quarantine periods of at least five days. The other five continental confederations opted to postpone games that were scheduled for the same window. UEFA has asked member federations to seek exemptions for soccer players from national governments in order to avoid quarantines. Read Also: Ronaldinho set to be granted freedom from house arrest If those exemptions are not given, FIFA said Monday that players don’t have to leave their clubs if their travel demands would require a five-day quarantine or self-isolation period. Some of Europe’s top soccer leagues, including England and Spain, have their opening games on the Sept. 12-13 weekend – fewer than five days after the international call-up period ends. FacebookTwitterWhatsAppEmail分享 last_img read more

Trojans lacking team identity

first_imgWith about eight minutes left in the USC-Arizona State game, I had my entire column planned out. USC was driving, chewing up the clock with a powerful running attack against a worn-out Arizona State defense. Maybe USC head coach Steve Sarkisian’s maddening offensive calls for three quarters had a purpose, to wear down a team. It worked against OSU and was working at that point. I was planning to write about the disparity in national perception between the SEC and Pac-12.Bright spot · Junior wide receiver Nelson Agholor was outstanding in a losing effort on Saturday, picking up 147 all-purpose yards. Agholor returned a punt 53 yards for a touchdown in the first quarter, his first of the season. – Tony Zhou | Daily TrojanOregon loses a close game to an underrated Arizona team and football nation clamors about the “soft” Pac-12. Meanwhile, Texas A&M gets run off the field and Alabama loses a close one, and it is all about the strength of the SEC. The respective disparity between Arizona and Oregon and Ole Miss and Alabama is about equal. Strangely enough, coming into Saturday, Arizona was unranked and Ole Miss was knocking on the door of the top 10. Yet, on the flick of one throw by USC redshirt junior quarterback Cody Kessler throw, that all changed.East Coast bias, upsets and everything else didn’t matter the minute USC ran a bubble screen to junior wide receiver Nelson Agholor that stalled the fourth quarter drive. After that was one of the most embarrassing collapses in recent history.Being a diehard sports fan is a funny thing. There is nothing quite like the feeling of victory. Big plays and even bigger wins elevate you to a level euphoria unreachable by anything else. That’s why we root so hard, why we spend time thinking about a game we have zero control over. We do it because we are in search of that elusive feeling of the purest joy you get from rushing the field against Stanford or pounding a hated rival 50-0.The last five minutes of Saturday’s game was as diametrically opposed to that feeling as humanly possible. Bewilderment. Frustration. Anger. Those words can’t possibly encompass or do justice to the feeling Trojan nation had as ASU wide receiver Jaelen Strong strode in untouched through a sea of red defenders to effectively end any postseason dreams this season.The saddest part about this game is that from the moment ASU quarterback Michael Bercovici and the Sun Devils crossed midfield when it was 27-18, I knew in my gut that USC was going to lose. When redshirt junior tailback Javorius “Buck” Allen broke through for his 53-yard touchdown, I didn’t celebrate. The only thing I was thinking was, “USC scored too early.”That is a testament to the absolute lack of confidence most fans had at that point. Up by 12 with less than three minutes remaining when the opposing team has zero timeouts is as close to insurmountable as you are going to get in football. Yet, there was little doubt that if anyone could blow it, it would be this defensive coaching staff on this day.This game is right up there in the hall of shame with Texas in the national championship, the “what’s your deal” Stanford blowout, and the 62-51 loss to Oregon with Lane and Monte Kiffin at the helm. At least in those games, USC lost because of an opponent’s superhuman performance or great coaching or a phenomenal offense. Tonight, USC lost because of sheer incompetence on the part of the coaching staff.On Saturday, USC basically lost to a backup quarterback and one very talented wide receiver. They played like the second coming of what I imagine Steve Young and Jerry Rice looked like back in the day. Sure, Bercovici and Strong are both talented, but they aren’t that good.I’m no defensive expert, nor do I claim to be. Defensive coordinator Justin Wilcox is supposed to be, and he is certainly paid like one. Yet, USC rushed three or four guys on essentially every play on the last three drives. One might posit that after two touchdown drives, a blitz or even throwing in a fourth down lineman to rush might be a decent idea.A team with the talent of USC shouldn’t have fans legitimately worried when the opposing team gets the ball back with 23 seconds and 72 yards to go.Yet, with nine seconds left almost every fan in the stadium was thinking the same thing: cover Strong. Even so, he somehow remained practically invisible to the defenders on the field. The Hail Mary alone wasn’t that surprising — the last five minutes as a whole were what shocked me.Five games into the Sarkisian era, and I have no idea what the Trojans’ identity is. I don’t think any fan does. The team tries to be efficient on offense, and then shoots itself in the foot with drops, questionable play calls and untimely penalties. Promising drives are stalled in the name of slowing down the game to conserve the defense’s energy. Excitement is nonexistent, save for a few infrequent occasions. Big plays are as rare as they are fleeting. Kessler rumbling in for a score, Agholor breaking across the middle of the field, Allen waltzing into the end zone, and sophomore linebacker Su’a Cravens in the opponent’s backfield is what we got Saturday. That shouldn’t be the case with the athletes USC has at its disposal.On defense, it seems that the coaches are so concerned with stopping one facet of the game that they forget to pay attention to everything else. Against Boston College it was the pass, only to get gashed on the ground. Tonight, the Trojans sold out to stop the run, only to get burned time and time again on play action throws.Generally, I’m as optimistic as it gets when it comes to USC football. Coming into the game, I was still charting ’SC’s path to the playoff. There wasn’t much to be excited about, though, after that game.A weekend when Alabama, Oregon and Oklahoma all lose should foreshadow a week of revelry. Instead it is a week of apathy. If it’s hard to even muster up a smile as Utah lays the wood on UCLA, you know something is wrong. Even so, I’ll be back next week hoping there are some answers in the Tucson desert. Jake Davidson is a sophomore majoring in economics. His column, “Davidson’s Direction,” runs Mondays. To comment on this story, email Jake at jrdavids@usc.edu or visit dailytrojan.com.last_img read more

BOG HOTEL OWNER TO FACE ‘SHEBEEN’ CHARGES

first_imgTHE pensioner who runs a so-called ‘Bog Hotel’ near Inver is due in court in June to face charges of running a shebeen.Patsy Brogan, 73, will appear at Donegal District Court on June 27th next. Mr Brogan is accused of running an illegal bar on September 25th last year.He was cleared by a court a year ago of running a shebeen in a shed beside his home when Donegal County Council claimed he was in breach of planning laws.The judge in that case found the ‘bar’ was not unlike private bars in other homes in the country.BOG HOTEL OWNER TO FACE ‘SHEBEEN’ CHARGES was last modified: May 4th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Bog HotelinverPatsy Broganlast_img read more

Burning love

first_img Facebook Twitter: @NeosKosmos Instagram After years of serving as firefighters, for Yiannis Katakouzinos and Josephine Sensi of Melbourne, a limousine simply wasn’t a choice for their wedding day. At the Greek Orthodox Church of Agia Ekaterini in Malvern, where they tied the knot, the couple arrived in the retro fire fighting vehicle that stole the show.last_img