European banks check trading platform to work after the collapse of the euro zone

Among
those who are ready for stress tests
companies - giants of the banking
sector, such as Citigroup, Goldman Sachs and
others. Finance and credit
Institutions across Europe test their trading platform and harvest spare strategic plans in case of
that Greece after the elections on January 25th
leave the single currency area
The European Union, and beyond it, in a domino effect, collapse the whole single currency system.

plans
adaptation involve more detailed and
check contractors who
It could theoretically be affected
Greek "outcome" evaluation of their credit
risks.

Some
the company just in case prepare for the principles of change work
payment systems and conduct test
the operation of the foreign exchange to
see whether the system will cope with
adding to the registry of the new Greek
currency.

similar
steel reaction steps that greek
left opposition party continues
lead the poll results
public opinion before elections
the federal government on 25 January. In fact,
the basic meaning of the election - to decide
the fact whether the country will remain in the euro zone.

Most
Analysts still say that the possibility of
Greek exit from the single space
rather low. At least,
Commerzbank economists estimate
this capability is lower than 25%. but
all prefer to hope for the best,
but prepare for the worst. their systems
large financial firms to check
case of the occurrence of any serious
events - for example, such as a sharp
a collapse in oil prices or the recent referendum
about Scottish independence.
Now
the main point that is checked
trading systems of banks and platforms -
the addition of a new currency. After all, in the long term
for Greece and Italy may follow
other EU countries. For example, in
the end of 2011 currency trading platform
EBS brokerage
ICAP has been tested on
operation with all the 17 currencies that
You could be on the market in the case of
complete collapse of the euro zone. And now it
It was made again, according to sources
Wall Street Journal. Some
Other European banks have run
such checks on their trade
platforms to prepare for a possible
"Shooting Stars" of the new currency. Head of the department
currency trading one major
creditor's claims that the addition of
Greek drachma system will not
very difficult, but the broader disintegration
Eurozone seriously complicate passage
operations.