Idaho (CBS2) — You are invited to a grand opening and ribbon cutting for Eva’s Dream Ninja Course at Discovery Park in Meridian
Eva Plimmer dreamed of this course and helped design it
The Meridian City Council unanimously approved $145,000 in additional funding
Eva died days after the City Council’s vote
Eva was diagnosed with a brain tumor in the Spring of 2024
"I want it to become something that kids will find joy in and find that they believe in themselves and to emotionally and physically overcome every obstacle."
Her family and close friends hope the course will accomplish her vision of creating a space where kids can discover their inner strength
The ribbon cutting ceremony begins at 3:00 pm at Discovery Park
followed by timed runs through Eva's Ninja course
You are invited to celebrate the grand opening and Eva's legacy
you can overcome every obstacle and you can have joy during it."
Jamal Roberts has his eyes on the prize
The Meridian native is officially in the Top 8 of "American Idol" Season 23
Last week, the 27-year-old Crestwood Elementary P.E. teacher became the sixth Mississippian in the show's history to break the Top 10
Roberts earned his spot in the Top 8 with a passionate rendition of Carrie Underwood's "Undo It."
Roberts started his "American Idol" journey when he won a golden ticket singing "Mary Jane" by Rick James in audition rounds
In the weeks since his audition round aired, Roberts has traveled throughout the U.S. with his fellow contestants, eluding elimination rounds with his raw
In the first few weeks of elimination rounds
Lionel Richie and Carrie Underwood held the power to decide who stayed and who went home
If you want to cast your vote for Roberts, you can text during the episode using Roberts' code, which will appear on screen as he performs. Vote through the "American Idol" app or vote through the "American Idol" website
Who else is in the Top 8?Here is the Top 8 of "American Idol" Season 23
Canaan James Hill and Kolbi Jordan did not receive enough votes and were sent home
If you want to follow along with Roberts' journey
Got a news tip? Contact Mary Boyte at mboyte@jackson.gannett.com
MITCHELL – South Lawrence Water has issued a boil water advisory for Meridian Road
effective immediately until further notice
The advisory results from a contractor hitting one of the water lines in the area
According to a notification released by South Lawrence Water at 3:36 p.m
crews are working on-site to make the necessary repairs
Residents on Meridian Road are advised to boil all water used for drinking
and other consumption until South Lawrence Water lifts the boil order
The utility will update residents when the water is safe for consumption without boiling
Serving Lawrence and surrounding counties since 1948
NJBIZ ICON Honors Awards Program
Kimberly Redmond//May 5
Hackensack Meridian JFK University Medical Center has expanded its comprehensive cancer care services with the a newly renovated
$14 million four-story facility at 80 James St
Hackensack Meridian opens $14M cancer center in Central Jersey
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The Rahway-based biopharmaceutical giant expects the Wilmington facility to create more than 500 full-time rol[...]
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New Jersey business owners can now apply for assistance to explore Employee Stock Ownership Plans
The workforce reductions impacting Mercer County positions come amid a broader cost-cutting plan from the pharma giant that t[...]
The site is looking toward a major revitalization
with Gensler's Morristown office recently hosting a design charrette with [...]
Backed by $1.25 million in public funding
KSS Architects offered project design for the revamped space
The new Middlesex County hub offers multidisciplinary oncology services as well as expanded patient support
The founder of the solar-powered sign manufacturer describes how he started the company and designed its [...]
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Hackensack Meridian JFK University Medical Center has expanded its comprehensive cancer care services with the opening of a newly renovated
four-story facility at 80 James Street in Edison
This $14 million investment enhances access to advanced cancer treatment
The new building doubles the number of infusion suites available to patients while offering expanded space for surgical
The facility is designed to support seamless collaboration among specialists
ensuring a patient-centered approach to cancer treatment
In addition to benefitting from a multidisciplinary facility equipped with the latest technology
eligible patients receiving care at the center will also be able to secure financial assistance thanks to a $1 million gift by the Sarala Bathena Foundation
for whom the Cancer Center lobby will be named
who passed away in 2006 from late stage renal carcinoma two days shy of her 46th birthday
the Sarala Bathena Oncology Patient Assistance Fund is available to help cover expenses that could otherwise be a barrier to treatment for patients
we are committed to delivering world-class cancer care in a compassionate and convenient setting,” said Robert C
“The expansion at 80 James Street strengthens our ability to provide cutting-edge treatment and personalized care for our patients
“We are grateful to our partners who helped make this new facility a reality
and to donors like the Bathena’s who so generously keep our patients’ needs top of mind.”
"The strength of this new facility lies in our multidisciplinary approach
By bringing together experts from various specialties under one roof
we can offer patients a truly integrated and personalized treatment plan
ensuring they receive the most comprehensive care possible
Chief Nurse Executive & Chief Transformation and Integration Officer
this new facility offers other surgical services including:
"Patients at our new facility will benefit from improved access to expert cancer care in Central New Jersey
with groundbreaking treatments and clinical trials made possible by our investment in the latest technology and a team of leading experts
offering them the best chance at a brighter future," said Gregory J
"This new facility will provide unprecedented access to cancer services
transforming the landscape of cancer care in our community and setting a new standard of excellence,” said Dr
For more information about cancer services at JFK University Medical Center
please call 732-635-9300 for Subspecialized Surgeons
732-750-1200 for Medical Oncology & Hematology and 551-996-2533 for Orthopedic Oncology
tax-exempt charitable organization (tax ID 22-3474145) under Section 501(c)(3) of the Internal Revenue Code
Donations are tax-deductible as allowed by law
We recognise you are attempting to access this website from a country belonging to the European Economic Area (EEA) including the EU which enforces the General Data Protection Regulation (GDPR) and therefore cannot grant you access at this time
e-mail us at twright@coastaltvgroup.com or call us at 601-485-3030
A transformative milestone in cancer care has arrived in Central New Jersey with the reopening of the John Theurer Cancer Center at 80 James Street in Edison
A transformative milestone in cancer care has arrived in Central New Jersey with the reopening of the John Theurer Cancer Center (JTCC) at 80 James Street in Edison
Hackensack Meridian Health celebrated the expansion with a ribbon-cutting ceremony and remarks from key health system leaders
chief executive officer of Hackensack Meridian Health; Andrew Curran
vice president of Oncology Service Lines; and Joseph Landolfi
chief medical officer of JFK University Medical Center
“I think that this is actually a game changer for cancer care for this region
Hackensack Meridian Health has been known to and recognized as the number 1 cancer program in the state
Now we will be able to bring that world class cancer care here to JFK
for the entire region,” explains Garrett in an interview with Targeted OncologyTM
This $14 million renovation marks a bold step forward in Hackensack Meridian’s mission to provide integrated
With the facility now doubling its infusion suite capacity and expanding space for surgical
patients will benefit from faster access to comprehensive treatment—all under one roof
and Landolfi each spoke with Targeted OncologyTM at the event
emphasizing how the center addresses long-standing gaps in oncology access and incorporates data-driven planning and artificial intelligence technologies to improve clinical decision-making
Landolfi shared how JFK University Medical Center played an essential role in shaping the center’s vision
integrating care across specialties and elevating the patient experience through thoughtful design
From reduced time-to-treatment to streamlined referrals
the new JTCC will transform how patients with cancer navigate care across the system
“We played a major role in helping to develop the cancer services at JFK
with the help of our sister hospitals and network leadership
this is really a great example of where Hackensack Meridian Health is going
having a cancer program in a free standing building that's close to the services that you can get from a hospital is really the best of both worlds
and world class providers just on the footsteps of a major medical center,” adds Landolfi
Stay up to date on practice-changing data in community practice
RP1 and the Future of Oncolytic Therapy in Melanoma
MBBS discussed the mechanism of action of RP1
the design and preliminary findings of the IGNYTE trial in melanoma
Higher ctDNA Serves as Early Warning for Melanoma Recurrence Risk
discussed a study showing ctDNA levels before melanoma treatment strongly predict recurrence and its speed
potentially guiding future therapy decisions
CBT Benefits Cancer Patients' Mental Health & Treatment Adherence
discussed how cognitive behavioral therapy helps cancer patients manage emotional challenges by modifying negative thoughts and behaviors
Study Indicates Early Resolution of CRS, Neurological Events After Axi-Cel
discussed a study on cytokine release syndrome and neurological events post axicabtagene ciloleucel in large B-cell lymphoma
New Standard of Care? KEYNOTE-689 Results in LA-HNSCC
which investigated pembrolizumab in locally advanced head and neck squamous cell carcinoma
Confronting Prostate Cancer Misinformation in the Digital Age
discussed a study analyzing prostate cancer misinformation on social media
609-716-7777
Project Meridian FX is an experiment led by the BIS Innovation Hub's London and Eurosystem Centres together with the Bank of England, Bank of France, Deutsche Bundesbank, Bank of Italy and European Central Bank. It builds on the original Project Meridian by focusing on foreign exchange (FX) transactions
The project demonstrates how operators of wholesale payment infrastructures can enable interoperability with new technologies
such as distributed ledger technology (DLT)
At the heart of Project Meridian FX is the synchronisation operator - a technology-neutral interface designed to coordinate the simultaneous exchange of assets across payment systems
synchronisation operators enabled atomically settled FX transactions between different wholesale payment infrastructures across jurisdictions
and between an RTGS system and a DLT platform
the synchronisation operator successfully orchestrated payment-versus-payment (PvP) FX settlements
Meridian FX also explored additional functionalities
including liquidity-saving mechanisms and user-defined transaction rules
The findings show that synchronisation can be agnostic to both the asset or fund of the transaction involved and the technology of the ledgers
highlighting its potential use in other markets
683 Capital Management LLC bought a new stake in shares of Meridian Co. (NASDAQ:MRBK - Free Report) in the 4th quarter
according to its most recent 13F filing with the SEC
The firm bought 23,008 shares of the company's stock
683 Capital Management LLC owned approximately 0.20% of Meridian at the end of the most recent quarter
Other hedge funds have also recently added to or reduced their stakes in the company
Arrowstreet Capital Limited Partnership lifted its stake in Meridian by 122.9% in the 4th quarter
Arrowstreet Capital Limited Partnership now owns 44,707 shares of the company's stock valued at $613,000 after buying an additional 24,648 shares in the last quarter
Truffle Hound Capital LLC purchased a new stake in shares of Meridian in the fourth quarter valued at $2,742,000
Barclays PLC boosted its stake in shares of Meridian by 10.0% during the third quarter
Barclays PLC now owns 40,406 shares of the company's stock valued at $511,000 after acquiring an additional 3,675 shares during the last quarter
Connor Clark & Lunn Investment Management Ltd
increased its position in Meridian by 265.1% during the 4th quarter
Connor Clark & Lunn Investment Management Ltd
now owns 36,959 shares of the company's stock worth $507,000 after purchasing an additional 26,835 shares in the last quarter
Geode Capital Management LLC raised its stake in Meridian by 3.1% in the 3rd quarter
Geode Capital Management LLC now owns 93,534 shares of the company's stock valued at $1,183,000 after purchasing an additional 2,838 shares during the last quarter
58.56% of the stock is currently owned by hedge funds and other institutional investors
MRBK has been the subject of a number of analyst reports
Piper Sandler cut their price objective on shares of Meridian from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Tuesday
DA Davidson reduced their price target on Meridian from $19.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday
Get Our Latest Report on MRBK
Shares of NASDAQ MRBK traded down $0.15 on Monday
The company has a 50 day moving average of $13.87 and a 200 day moving average of $14.69
a quick ratio of 0.95 and a debt-to-equity ratio of 0.30
has a fifty-two week low of $8.80 and a fifty-two week high of $17.33
The stock has a market capitalization of $152.12 million
Meridian (NASDAQ:MRBK - Get Free Report) last posted its quarterly earnings results on Friday
The company reported $0.21 earnings per share for the quarter
missing analysts' consensus estimates of $0.33 by ($0.12)
The company had revenue of $27.10 million for the quarter
compared to analysts' expectations of $27.93 million
Meridian had a return on equity of 10.01% and a net margin of 8.28%
equities research analysts forecast that Meridian Co
will post 2.07 earnings per share for the current fiscal year
The company also recently declared a quarterly dividend
May 12th will be paid a dividend of $0.125 per share
This represents a $0.50 annualized dividend and a yield of 3.71%
Meridian's dividend payout ratio is presently 35.21%
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on..
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President Donald Trump makes a major sports announcement. The announcement comes amid reports Washington, D.C. will host the 2027 NFL Draft.
WATCHMeridian woman arrested in connection with stabbing incidentby CBS2 News Staff
ID (CBS2) — A Meridian woman has been arrested following an investigation into a stabbing incident that occurred last week
Meridian Police responded to a report of an aggravated battery after receiving a call from staff at St
Medical personnel reported that a female victim had been dropped off with what appeared to be multiple stab wounds
The preliminary investigation revealed that the incident occurred in the early morning hours of April 24 in the 2100 block of Meridian Road
Detectives determined that the victim was injured during a confrontation that took place in a parking lot at that location
The victim was treated for her injuries and later released from the hospital
a residential search warrant was served at the home of 44-year-old Tera Suarez of Meridian on April 30
interviewed at the Meridian Police Department
and subsequently booked into the Ada County Jail without further incident
Meridian School District voters have rejected the district’s bond to rebuild a middle school
as results show fewer than half of voters in favor of the $70.9 million bond
Bonds need a supermajority of 60% to pass.
according to results released Tuesday night
The district asked voters to approve a $70.9 million
with a tax rate of $1.35 per $1,000 in assessed property value
Superintendent James Everett said the district had “hoped for better,” but acknowledged that it’s a “really difficult economic time.” He said the state Legislature’s discussion about increasing property taxes likely didn’t help
“We had a lot of momentum,” Everett said
“I really appreciate the dedication of the people who came out to support.”
The district doesn’t plan to run the bond again this year
but stressed that maintenance won’t fix the middle school
“We have a structure that’s over 90 years old; the systems are failing in it,” he said
“It still has walls that don’t have rebar in them.”
It’s the second time the district has failed to convince voters to approve a bond in the last year.
the district asked voters to approve a more expansive
that bond would have also paid for a new generator in Meridian High School
and repairs and upgrades to the Performing Arts Center and the Varsity Athletic Stadium
That measure received 53.11% of votes in favor
short of the 60% supermajority needed to pass.
This April bond was pared down in response to voter feedback that they wanted the district to prioritize the middle school
But the decrease in price and scope still wasn’t enough to boost the bond to the supermajority of votes needed
Whatcom County school districts have struggled to pass bond measures over the last two years. Blaine, Lynden and now Meridian have all seen bond measures fail twice
residents in the Island Health public hospital district will likely approve a proposal to boost the district’s tax levy rate from 34 cents per $1,000 in assessed property value to 75 cents per $1,000
It also operates a primary care clinic on Orcas Island.
More than 54% of voters approved of the levy
according to updated results released Thursday afternoon
thanked community members for approving the levy
and facilities to provide exceptional healthcare close to home for our district residents.”
“This levy is a critical foundation for the organization
enabling us to provide care for our community into the future,” Lang said in a statement to CDN on Thursday
This article was updated at 2:49 on Thursday
April 24 to add comment from Island Health
Charlotte Alden is CDN’s general assignment/enterprise reporter; reach her at charlottealden@cascadiadaily.com; 360-922-3090 ext
Email newstips@cascadiadaily.com or Call/Text 360-922-3092
They’re taking over the former Bar Meridian space in Brooklyn
Bar Meridian, which sits at the corner of Prospect Heights and Crown Heights, is closing on April 30 after five years
it’s no surprise that another team has already signed on to take over the space
located at 406 Prospect Place and Grand Avenue
and Nialls Fallon confirm they’re going to be opening something new there — still unnamed
They’re flipping the former Bar Meridian into a dedicated oyster bar and hope to open by the end of 2025
will both be partners in the new Brooklyn project
All the new restaurant openings in New York this month
TrendingCommercialNew YorkAFired Meridian brokers blast “fire sale” of scandal-plagued mortgage businessAri Adlerstein and Josh Simpson describe “hard-driving
freewheeling and unregulated culture” that turned a blind eye to fraud
Listen to this article00:001xA pair of fallen-angel Meridian brokers who invested in the company’s lending business are questioning the supposed “fire sale” of the once-heralded unit — and putting the firm’s “unregulated culture” on blast
Ari Adlerstein and Josh Tzvi Simpson, who were fired from Meridian last year, filed a lawsuit in Delaware court Friday alleging the company stonewalled their requests for info on the $425 million sale of NewPoint Capital to the asset manager Benefit Street Partners earlier this year
As leaders of Meridian’s multi-billion-dollar healthcare group, Adlerstein and Simpson said company founder Ralph Herzka and others offered them an opportunity in 2021 to invest $1.66 million in a Delaware company named Bravo that holds a controlling stake in NewPoint
which pre-sale was owned by a joint venture that included Meridian
highly lucrative licenses to originate loans for Fannie Mae and Freddie Mac
“Herzka and his allies convinced Adlerstein and Simpson to invest in Bravo by promising them that Meridian would direct the majority of its Fannie Mae and Freddie Mac deals to NewPoint,” the complaint read
Meridian was sourcing more Fannie Mae and Freddie Mac deals than any other brokerage in the country
have unlimited potential and be virtually guaranteed to succeed.”
But Meridian’s business was dealt an existential blow when Fannie and Freddie blacklisted the company in 2023 amid an investigation into a multifamily broker who was using doctored financial statements to secure outsized loans. (The agencies have since removed Meridian from their blacklists.)
Adlerstein and Simpson said the loss of Fannie and Freddie’s business put Meridian “on the brink of financial ruin,” and that the company was directed by its lead investor — Stone Point Capital — to sell NewPoint to Benefit Street “at fire-sale prices to the detriment of all other shareholders,” including Adlerstein and Simpson
The brokers didn’t specify in their lawsuit how they determined the $425 million price tag to be a discounted price; Meridian and co-owner Stone Point invested a figure in the low $200 millions in acquiring the company
They said their requests for information on the deal have been unfairly denied
and are asking the court to order Bravo to allow them to inspect its books
Adlerstein and Simpson declined to comment
notably filed by two disgruntled former employees who were fired and are now in arbitration over their dismissals
The arbitrator has preliminarily found that Meridian is reasonably likely to prevail on the merits.”
“The announcement of the acquisition of NewPoint Holdings JV LLC by Franklin BSP Realty Trust
followed a robust marketing process led by a top Wall Street investment bank,” the spokesperson added
“The sale process involved outreach to numerous potentially interested parties and several rounds of competitive bidding with multiple parties submitting acquisition proposals
We believe the announced transaction with Franklin BSP maximizes value for NewPoint’s shareholders
and we look forward to completing the transaction later this year.”
a pair of minority investors agitating for some bookkeeping records isn’t the most consequential of claims
But it’s the first time Meridian insiders have gone on the record describing the company’s troublesome inner workings that facilitated the alleged mortgage fraud
freewheeling and unregulated culture in Meridian’s multifamily brokerage business resulted in fraudulent
unethical and illegal practices designed to bring in business by any means,” the brokers’ lawsuit explained
“Not only was Meridian aware of these practices
Adlerstein and Simpson say that instead of firing the broker at the center of the fraud claims
Meridian promoted him at company meetings of top executives
They say that another employee — “a Meridian senior managing director
who was and is considered the ‘right hand man’ of [Herzka]” — was also found to have committed fraud
It should be noted that Adlerstein and Simpson potentially have an axe to grind with Meridian
The Promote reported in December that the brokers spent several months negotiating an exit from Meridian and had even been in talks to create some kind of investment vehicle with the company before they were both fired for cause
the brokers said they wanted to leave on good terms but were fired abruptly and then served with a 40-page demand seeking millions in damages based on what they characterized as “a host of specious allegations.”
The two sides are currently in arbitration over the termination
Adlerstein and Simpson in January launched a new company
blamed Meridian for cultivating a culture that turned a blind eye to fraud
they made sure to distance themselves from an association with the company’s fast-and-loose ways
Adlerstein and Simpson were unaware of the fraudulent activities transpiring in other parts of Meridian’s business (until such activities were exposed in the media)
and they were not involved in those unethical and illegal practices,” the lawsuit said
Idaho — The Planning and Zoning Commission in Meridian has denied In-N-Out's application to build a new location at the corner of Ten Mile and Lost Rapids Drive
City staff expressed concerns about the proposed location being too close to areas with high densities of children
They warned that increased traffic could pose more risks for children and parents
The commission voted 4 to 1 against the application
Today we’re launching Meridian, the open-source marketing mix model (MMM) built by Google, available to all marketers and data scientists. To support marketers on their implementation, we’re also introducing a partner program with over 20 measurement partners trained and certified on Meridian
Last year, we shared our vision for a more transparent
innovative and actionable approach to an MMM that is designed to help you better allocate your budget in today’s marketing landscape
After testing it with hundreds of brands globally and incorporating their feedback
Meridian is now ready for everyone to take advantage of its benefits
an Australian financial company with presence in the UK
garnered actionable insights with Meridian because of its ability to be customized to their needs
our mission is to help people make better financial decisions and we try to apply that approach to everything we do — including our own marketing
we now have much more confidence in our ability to measure the impact of our investments
This has moved us from investing time and resources into creating linear regression models from scratch
best-in-class solution that our team can still own and manage
The insights we've gained have reinforced the additional value that YouTube drives beyond what's visible with standard conversion tracking." — Jennifer Snell
Consumers engage with your brand while streaming
you need a way to understand how your marketing efforts drive real business outcomes
MMMs help you do that with established methodologies for budget allocation that take into account all elements of your business
They can also consider the impact of external factors such as seasonality
MMMs measure performance in a privacy-centric way
capturing how brand-building activities like TV commercials
or social media campaigns influence future purchases and new customer acquisition
have historically been unable to fully measure performance media
which may lead to inaccurate budget decisions
They may not update assumptions based on incrementality experiments or provide granular insights
such as optimal frequency or regional nuances
Instead, incorporating a modern MMM, such as Meridian, into your measurement toolbox helps drive better business outcomes. It relies on Bayesian causal inference that allows you to blend your prior knowledge with real-world data and reveals the true incremental impact of your marketing
In the coming months, we will continue investing in Meridian by adding new features and improving the methodology to make it even more powerful. You can get access to Meridian by downloading its code on GitHub
We’re also launching a partner program with a select group of agencies and measurement vendors
These companies have been rigorously trained on Meridian best practices and have access to the most robust and granular MMM data for Google media
are ready to help marketers make better budget decisions
"Analytic Edge is excited to apply our extensive MMM experience and to partner with Google on Meridian
Meridian integrates technical innovations to assess the indirect impact of search on marketing channels in the consumer journey
It enhances the measurement of "Reach" and "Frequency" for YouTube campaigns
helping advertisers with campaign planning
The seamless integration with Google Marketing Data Platform boosts productivity in data processing and improves the accuracy of the data used in the model
Our collaboration on Meridian will help advertisers better understand the interactions between channels and improve their campaign strategies." — Santosh Nair
This global network of experts can help you get the most out of Meridian
Connect with a Meridian Certified Partner today and discover how to unlock the full potential of modern MMMs
gain deeper insights into your marketing impact
Meridian native Jamal Roberts is officially part of the Top 20 on "American Idol" Season 23
making another step toward the first-place title
emotional version of Jason Nelson's "Forever." Some of the audience and judges were nearly brought to tears as Roberts sang
The father of two has been open about his faith throughout his "American Idol" journey
and has thanked God nearly every week during the episodes and on social media for giving him the opportunity
Roberts has been building his stage presence and growing his skills
Last week
Roberts joined the other contestants at Aulani
and sang Jelly Roll's "Liar," in front of the artist himself
saying the Mississippian's rendition was even better than his own recording
the judges decided who would get eliminated and who would make it through to the next week
If you want to cast your vote for Roberts, you can text during the episode using Roberts' code, which will appear on screen as he performs, vote through the "American Idol" app or vote through the "American Idol" website
Each week's voting period opens during the episode and closes the next morning
Here are the Top 20 of "American Idol" Season 23:
Penny Samar and Grayson Torrence were eliminated during Sunday's episode
Coffee, anyone? Jackson's new Coffee Festival celebrates local brews. See when, where, how to get tickets
Roberts and the other Top 20 contestants will perform again on Monday
Audience voting will decide who makes it through to the Top 14
episodes air Sunday and Monday nights at 7 CST and on Hulu the following day
New degree programs: JSU, Mississippi State and Southern Miss programs approved by IHL
The Bank for International Settlements and its central bank partners have successfully demonstrated how wholesale payment infrastructures
can interoperate with each other for FX transactions via new technologies.
The project involved synchronising the settlement of FX transactions
so that the transfer of one leg of the transaction (such as buying a currency) happens only if the transfer of the other (such as selling another currency) occurs
Meridian FX sought to address some of the actions called for in the Group of 20 cross-border payments roadmap
reducing foreign exchange settlement risk using payment-versus-payment transactions and establishing realistic links between the wholesale payment infrastructures of different countries
Synchronisation could also mitigate some of the liquidity risk and credit risk challenges in the foreign exchange market
The project connected a synthetic version of the UK RTGS system to three experimental Eurosystem interoperability solutions: DL3S (developed by the Bank of France)
TIPS Hash-Link (developed by the Bank of Italy) and the Trigger Solution (developed by the Deutsche Bundesbank)
Combined with the results of previous work undertaken by the BIS and the Bank of England
Meridian FX shows that synchronisation can be agnostic to both the asset or fund of the transaction involved and the technology of the ledgers
highlighting its potential use in other markets.
Insights gained from the project will inform the work programmes of the participating central banks.