| Successful transactions of securities with Central Bank Digital Currency | https://www.bil.com/en/bil-group/pressroom/news/Pages/Successful-transactions-of-securities-with-Central-Bank-Digital-Currency.aspx | Successful transactions of securities with Central Bank Digital Currency | | <p>Banque de France successfully used Central Bank Digital Currency (CBDC) in a test environment, in connection with TARGET2-Securities (T2S), the European Central Bank settlement platform.</p>
<p>SEBA Bank purchased securities from Banque Internationale à Luxembourg, while post-trade settlement was handled by LuxCSD, the Luxembourg central securities depository. The transaction was carried out through the Conditional Securities Delivery functionality (CoSD) already existing in T2S, which makes the booking of securities dependent on the success of an event external to T2S. Banque de France simulated CBDC tokens on a public blockchain, while preserving confidentiality of the transactions. As soon as the tokens were successfully transferred from SEBA Bank to Banque Internationale à Luxembourg, LuxCSD delivered the securities in T2S.</p>
<p>Central Bank Digital Currency describes a concept of digital currency issued by a central bank. Currently, central banks around the world are examining the potential of CBDC for the respective jurisdictions. The test demonstrated that distributed ledger technology (DLT) could be used to issue CBDC in connection with existing infrastructures such as T2S, where listed securities are delivered.</p>
<p>Serge Munten, Head of Operations at Banque Internationale à Luxembourg, commented: “The world of payments is evolving fast with digitalisation. At BIL, we strive to bring our clients the latest innovation in terms of payments services. It was only natural for us to participate in this experiment, which might determine the future of Central Bank Digital Currency in the eurosystem.”</p>
<p>Marco Caligaris, Chief Executive Officer at LuxCSD, added: “Connecting new technology, such as DLT, with existing infrastructure is crucial to offer optimal services for the market. By joining forces, the industry can develop sustainable solutions that not only work today but lay a strong foundation for the future. Being a trusted central securities depository at the heart Internal of one of Europe’s financial centres, LuxCSD is perfectly positioned to support the industry on its way towards a true digital finance ecosystem.”</p>
<p>This test is one of many conducted by Banque de France to explore design options for the technical implementation of a digital euro at the level of the back-end infrastructure and end-user access solutions. It is part of a larger initiative launched in the eurosystem in 2020 to advance work on the possible issuance of a digital euro – an electronic form of central bank money accessible to all citizens and firms, alongside cash.</p> | 6/21/2021 4:00:00 PM | EN | Banque Internationale à Luxembourg, LuxCSD and Seba Bank tested use of Central Bank Digital Currency (CBDC) for securities transactions.
Conducted by Banque de France, the delivery of securities in the European platform, TARGET2-Securities (T2S) agains... | | |
| New BIL Office branch in Kirchberg | https://www.bil.com/en/bil-group/pressroom/news/Pages/New-BIL-Office-branch-in-Kirchberg.aspx | New BIL Office branch in Kirchberg | | <p>BIL is continuing to overhaul its branch network with the opening of a BIL outlet in the Infinity shopping centre in Kirchberg focused on advisory activities. The BIL Office – Philharmonie branch offers a warm environment for staff to welcome clients or prospects and help them bring their projects to life. For services such as opening an account, applying for a loan or investing for the future, the team is available for appointments from 8am to 7pm Monday to Friday.</p>
<p><b>Client-advisor relations at the branch’s core</b></p>
<p>More connected and better informed, clients expect personalised advice to help them bring their projects to life, and fast, convenient banking services for everyday needs. The health crisis has hastened the move towards greater use of online banking services, a trend already visible for several years. This is why BIL has chosen to combine human interaction and digital efficiency, to better service its clients.</p>
<p>An essential part of the advisory activity, BIL branches have changed a lot in recent years. The bank introduced three new formats in 2020: BIL Office, BIL Shop and BIL House. Their common goal: position client-advisor relations at the branch’s core.</p>
<p>Supporting clients in their digital journey is essential. To complement its branches, BIL has strengthened its teams at the BIL Direct Centre, its call centre, with advisors to answer clients’ questions by phone and secure messenger.</p>
<p>For everyday banking services, BIL is constantly expanding its range of services on its BILnet online banking platform. New features are regularly added for clients wanting access to their bank account at all times. Examples include opening an account entirely online, Apple Pay, instant payments, e-signing, transaction notifications, QuickMoney for card-free withdrawals.</p>
<p>More human and more digital, BIL combines customised support and expertise with ease-of-use and proximity services.</p> | 6/17/2021 4:00:00 PM | EN | The BIL Office – Philharmonie branch will open to the public on Monday 21 June. This new branch will be dedicated to advisory activities and open to clients by appointment only, from 8am to 7pm, Monday to Friday. | | |
| 360° : Activity report 2021 | https://www.bil.com/en/bil-group/pressroom/Pages/activity-report.aspx | 360° : Activity report 2021 | | <style>
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<iframe width="100%" style="margin-top: 50px;border: 0px; height: 500px;" src="https://e.issuu.com/embed.html?backgroundColor=%232d2d2d&backgroundColorFullscreen=%232d2d2d&d=bil-rapport-annuel_en_low&hideIssuuLogo=true&logoImageUrl=https%3A%2F%2Fwww.bil.com%2FPublishingImages%2Flogo.png&u=bil2020" ></iframe> | 6/16/2021 11:00:00 AM | EN | In 360° you will find the highlights of the year 2020 and BIL’s defining projects through articles and interviews with employees | | |
