Hi I am interested generally in what initiatives PEXA are putting in place to get the banks to be more on top of getting things done in a timely manner. Its becoming increasingly common that banks are not doing everything they need to do, included signing off until at most a half hour before settlement. It means that we are having to constantly check on a workspace, follow them up and additional work than we would not have to do if it were a traditional paper settlement. I note that guidelines have been provided to us as to what banks expect of us with respect to timelines, what are the expectations on the banks?
... View more
