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. . (Bloomberg) - Iraq has devalued its currency by nearly 20% against the dollar, which is the highest as the financially troubled government faces an economic crisis caused by low crude oil prices and cuts in oil production. The central bank set the official course on Saturday 1. Reduced 450 dinars per dollar, the first devaluation since 2003. That is from about 1. 190 previously. Dollars are priced at 1. 460 dinars each sold to local banks. The devaluation of the world's third largest oil exporter threatens to bring some goods beyond the means of ordinary Iraqis and spark unrest in a country that is heavily importing and still teetering from deadly protests against the government last year. Finance Minister Ali Allawi said a main reason for this move was to activate the private sector and local production while avoiding a severe budget deficit. "What has been done is a preventive step," Allawi said in a television interview on the Iraqi state channel. Without this step, inflation will rise and “we will hit the wall. Cash-strapped Iraq is seeking $ 2 billion upfront for OilIraq to keep its foreign currency reserves from being depleted after coronavirus weakened energy demand and prices fell. Without the devaluation, the reserves would have been depleted within six to seven months and the budget deficit could reach 100 trillion dinars ($ 84 billion) in 2021, Allawi said. The International Monetary Fund estimates that the Iraqi economy will contract by 12% this year, more than any other OPEC member on a production quota, and that its budget deficit will reach 22% of gross domestic product. The government last month requested advance payments in exchange for a long-term crude oil supply contract to ease the financial situation. What Bloomberg Economics Says. . . “The devaluation was inevitable given the collapse in oil prices and budgetary pressures Iraq is facing. The government says this is a one time and will not be repeated, but we'll see if it does. It is also important to watch the population's reaction to the resulting rise in the cost of living and the government's austerity program. ” - Ziad Daoud, Emerging Markets Chief EconomistThe economic crisis is hurting a nation that has been in chaos for most of the time since the US. S.. . -led invasion of 2003 that overthrew Saddam Hussein, civil war, uprising of the Islamic state and a striving for independence by the Kurds in the north, an important oil-producing region. All major oil producers have been hit by the coronavirus-induced collapse in crude oil prices. But Iraq, in which oil accounts for almost all government revenues, is worse off than most of the others. Quotas agreed with other oil exporters to stabilize the market mean there is a limit to the number of barrels Iraq can pump. Prime Minister Mustafa Al-Kadhimi, who came to power in May, has warned that as a result, the authorities will struggle to pay officials without incurring more debt. This threatens to repeat the upheaval that toppled the government last year and killed hundreds of protesters. The crumbling Iraqi economy becomes a threat to OPEC demonstrators at a rally in Tahrir Square in late October denounced corrupt politicians, daily power outages, run-down hospitals, crumbling streets and job shortages, and urged the government to ignore OPEC's production cuts. (Updates with political context, graphic from third paragraph) For more articles like this, please visit us on Bloomberg. comSubscribe now to stay one step ahead with the most trusted business news source. © 2020 Bloomberg L. . P. .
. . (Bloomberg) - The U. . S.. . The financial market disaster in March rekindled calls for a revision of the fundamentals of the nearly $ 21 trillion cornerstone of the global economy and eased pressure on the Federal Reserve to interface with massive lifelines. The liquidity of the bonds disappeared nine months ago when investors panicked over the pandemic and stopped trading. This forced the central bank to fill the void and buy debt at unprecedented speed and size in order to get business back to normal. To prevent a further flare-up, Fed officials - including Chairman Jerome Powell this week - addressed the possibility of strengthening the foundation of the market with a broad-based central clearinghouse to secure deals and during times of stress with increased activity to deal with. A revision could remove a source of criticism directed against the Fed: By halting the bond market in March, a leveraged trade popular with hedge funds was saved. A central clearinghouse that handles more, if not all of the Treasuries business, backed by the capital provided by its members, could have eliminated the need for such dramatic Fed action. Only about a fifth of the market goes through Fixed Income Clearing Corp.. . , the only central clearing house in Treasuries. The dwindling role of banks and the proliferation of electronic merchants have diminished the role of the FICC. This has led to widespread fear that the treasury market is too opaque and its risks too difficult to understand because of the diversity of clearing and settlement methods. "Central clearing is a reform that could be very useful in the functioning of the treasury market," said Darrell Duffie, professor of finance at Stanford University. “Traders can simply no longer meet their liquidity needs. And while these extreme events have only happened occasionally, unless nothing changes, they will happen more regularly because the market is growing exponentially. "There is a lot at stake in getting the reforms right. The Congressional Budget Office estimates that outstanding national debt will increase by about $ 10 trillion over the next decade. And Treasuries are the standard that can be used to determine the risk and price of anything from mortgages to corporate bonds. They are the most important safe haven for global investors in times of turbulence. This special status could be called into question if there are more moments when they are extremely difficult to trade with. U. . S.. . Taxpayers could even be affected if investors ultimately demand additional compensation in order to own the debt. In the finance sector, clearing houses handle transactions between market participants. A CCP, as it is often called, effectively acts as a buyer for every seller and vice versa, reducing systemic risk by eliminating the likelihood of the other side getting a hit if the company fails on one side of a deal. They act as a firewall by raising funds to support every trade. So there is capital to make up for losses. In U. . S.. . Stocks and lots of derivatives, every trade is done in one which keeps the market stable by ensuring that all deals that are made are actually closed. But not in government bonds - which is scary during the turmoil - although this market is arguably more important for global finance as it controls the cost of borrowing for millions of home buyers, businesses and governments around the world. While the treasury market is back to normal and the trigger for the disruption, the pandemic, was a one-off event, the liquidity run in March was the second of its kind in less than a decade. The need to expand central clearing was also expressed after October. 15, 2014, "flash rally" where government bond prices rose rapidly and then fell for no apparent reason. However, no clearing changes have been introduced since then. Since the March episode, Fed officials including Vice-Chairman for Randal Quarles and Governor Lael Brainard have publicly pointed out an overhaul of the eviction as a possible solution. March was a wake-up call that structural adjustments may be required, Quarles said in October. "There would certainly be benefits in improving the way the treasury market works during a stressful and regular time," he told the Managed Funds Association. "There are many ideas," including the central clearing, which he described as "very worthy". Brainard cited “wider use of central clearing” in November as a reform to be considered. Powell brought up the subject this week. "We need to think about the structure of the treasury market and look for ways to ensure there is capacity for the private sector," he told reporters on Wednesday. “There may be a central clearing nook that carries a high level of risk. That has yet to be proven. There are a lot of things that are being looked at right now, ”he said, adding that he didn't see the Fed having a permanent role in the market. The Fed's intervention from March onwards was viewed by some as a bailout for hedge funds that had amassed in highly indebted treasury deals. If no changes are made, it could lead to persistent risk behavior as investors know the Fed will bail them out. This moral hazard problem is an even more important reason to reshape the treasury market to keep the Fed from having to intervene, Duffie said. An overhaul could get more attention under Joe Biden's presidency. During Barack Obama's tenure - when Biden was Vice President - Treasury Secretary Jacob J worked on it for two years. Lev. However, under Steven Mnuchin's leadership of the department, there has been no move towards more centralized clearing, despite advances in market transparency. Janet Yellen, the former Fed chairperson, could take over the baton when she becomes Treasury Secretary, as the last Democratic administration was more supportive of reform. While in normal times nobody questions the liquidity of benchmark government bonds, it has increasingly proven to be inadequate in times of need since the global financial crisis. Post-2008 regulations have restricted banks' willingness to hold stocks or increase their balance sheets. "The fundamental problem of flowing everything through dealer balance sheets becomes more of a problem over time," said Lou Crandall, a senior bond analyst with Wrightson ICAP. High frequency trading companies play a bigger role, but their treasury orders are often not handled through FICC. Most of the over $ 500 billion in government bond trading every day is bilateral and cleared, not at FICC, by a variety of companies, including the brokers themselves. Given that FICC has a head start in clearing between traders and in some corners of the repurchase market, many see it as the most likely company to undertake a broader centralized clearing initiative. The parent company, Depository Trust & Clearing Corp.. . already deletes everything that is in the U.. S.. . Exchange - Proof that it can handle the processing of an entire asset class. Not everyone sees central clearing as necessary or helpful. Chris Leonard, head of U. . S.. . Interest rate trading at Barclays Plc says the expansion in the repo market has not prevented problems there. Hence, its ability to support the cash treasury business “is questionable. "Even Quarles, who has spoken out in favor of expanding centralized clearing, is not confident that the Fed will completely eliminate the need to stop government bonds at times. ". "I'm not sure if that would have been the answer to what we saw in March and April," he said when investors were crazy about cash. Reforming the market has proven to be a tedious task in the past as the desires of Wall Street traders tend to contrast with those of new entrants such as automated traders. However, there is currently a very fragmented structure for a patchwork regulated market. "Given the different interests and incentives of market participants, as well as disagreements over how the costs and benefits of central clearing are shared, moving to central clearing would almost certainly require a regulatory fiat," said Ken Monahan, senior analyst for Market Structure and Technology at research company Greenwich Associates. The upheaval has triggered changes before. The 2008 crisis resulted in Basel III and the Dodd-Frank Act, which limited banks' leverage and supported their capital base. The relocation in October 2014 triggered the first review of the market structure since 1998. “The three building blocks that are required to modernize the treasury market structure are public reporting, monitoring of trading venues and central clearing. We can have a much more efficient and resilient market if Treasury Department reform gets a proper amount of attention in the years to come, ”said Stephen Berger, global director of governance and regulation at Citadel LLC, Ken Griffins Hedge Funds. “If not, the government’s emissions costs are ultimately higher than they should be. For more articles like this, please visit us on Bloomberg. comSubscribe now to stay one step ahead with the most trusted business news source. © 2020 Bloomberg L. . P. .
. . OTTAWA - An Amber Alert was issued to a nine month old girl who was abducted by her mother, according to Ottawa police. It is said that 39-year-old Sherma Knox was last seen with her daughter Magnolia Knox around noon on Friday. They were located near Lebreton Street North and Booth Street in Ottawa. Police say Sherma Knox was last seen wearing gray pants, a long black parka, black fishnet shoes, a tuque and a beige backpack. It is said that Magnolia, who is also passing Maggie, wore a striped blue, red, and pink shirt, pink romper, floral dress, dark blue leggings, and light brown loafers. Police say they are concerned for the couple's safety and ask anyone who sees them to call 911. This report from The Canadian Press was first published in December. 18, 2020. The Canadian press
. . China's economic planning agency has dismissed concerns about higher coal prices due to domestic scarcity and said there are enough reserves for the winter, despite reports from provincial governments ordering a reduction in electricity consumption. The domestic price of thermal coal used to generate electricity rose to over 760 yuan per ton on Wednesday, far more than the government's limit of about 600 yuan per ton, market participants told the South China Morning Post. Spot market prices were above 620 yuan per ton this week, up from 500 yuan per ton a month ago as output from coal-producing provinces of Shanxi and Shaanxi and neighboring Mongolia failed to offset bottlenecks from lower imports, analysts said. Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. China has been cutting power consumption for factories in recent years to ensure households have enough electricity for heating in winter. However, this year the situation is more complicated. Many manufacturers are operating at full capacity due to the coronavirus outbreak in the US and Europe to meet overseas demand for medical supplies, drugs and consumer electronics. The current supply and demand in the coal market are generally balanced and the supply of coal this winter and next spring is guaranteed. Eng WeiChina's top economic planning agency, the National Reform Development Commission (NDRC), said Wednesday that supply of winter heating and power plants was sufficient at lower prices for most coal orders, which would prevent energy costs from rising for consumers. Spokeswoman Meng Wei said the current coal inventory is sufficient for 21 days of operation in power plants across the country and 31 days in northeastern Heilongjiang Province - the coldest part of the country in winter. “We have noticed that coal prices have increased recently and this has created widespread concern in society. However, the current supply and demand in the coal market are generally balanced and the supply of coal this winter and next spring is guaranteed, ”Meng said. “We have coordinated with the local coal mines in the main coal production areas to organize production rationally, to use medium and long-term contracts for coal supply and to strengthen the security of coal transport. "More than 80 percent of the coal backed by power plants was tied up at between 540 and 550 yuan per ton," Meng said. "Increasing the price of the remaining supply will not affect the security of coal [supply]," she added. China introduced import restrictions this year to keep domestic coal prices within a certain range - ideally between 500 and 570 yuan per ton - to protect the profitability of domestic miners. However, coal prices have risen since October to a level not seen since May last year. This is due to seasonal demand and buoyant industrial activity as China's economy rebounds strongly from the pandemic, according to data analyst Trading Economics. Import restrictions have also helped drive up the price of coal. Coal imports fell 15 percent year-over-year in November and 21 percent year-over-year after goods from Australia and Indonesia were curtailed, Trading Economics said. China imposed an informal ban on Australian coal in November after hitting its import quota for the year. Supplies were further disrupted by an accident at a coal mine in southwest China that killed at least 23 workers, the second in the region in two months, according to Trading Economics. Despite the NDRC's assurances of supplies on Wednesday, the planning agency opened import quotas over the weekend to address bottlenecks but left out Australia as trade between the two countries continued. The Ordos Coal Trading Center said last week the informal ban on Australian coal was a major reason behind the price hike. “There are currently more than 80 Australian cargo ships carrying 8. 8 million tons of coal, ”said the coal trading and service provider in a research report. “But under the present circumstances they will not allow Australian coal in the short term, but will depend on the [supply] of the domestic market. Amid concerns about high coal prices, provincial governments have started notifying manufacturers to reduce electricity consumption. Zhejiang Province, south of Shanghai, ordered local factories to cut electricity consumption and adhere to a usage plan, which is affecting the productivity of exporters in the manufacturing centers of Jinhua and Yiwu, many of whom are still recovering from the pandemic and are increasingly concerned The restrictions are can affect the shipping deadlines. Some factories have bought diesel generators for electricity, while others have been forced to ask workers to take vacations. “After two days of operation, many small to medium-sized plants in Jinhua and Yiwu opened. and 30. December got a production ban for a day or two. Some small workshops will even have to stop production entirely during the period, "a Zhejiang manufacturer who refused to give his name told the Post. The Zhejiang government announced between Nov.. and 20. December in the industrial city of Wenzhou, restrictions on electricity consumption. Offices should only be heated when the temperature has dropped below 3 degrees Celsius, and restaurants should only turn on air conditioning for guests, according to a notice seen by the Post. The NDRC office in Hunan Province also issued an emergency report last week urging power plants to "streamline electricity consumption". . “The maximum load in the province has reached 30. 93 million kilowatts, more than the historic winter record. The maximum daily electricity consumption is 606 million kilowatt hours, an increase of 14. 1 percent compared to the previous year, and the electricity supply situation is tense, ”says the press release. “Relevant users should limit their power consumption appropriately, turn off lights on city attractions, turn off half of street lights, and close government offices on weekends. “Hunan will also introduce blackout periods, with key public facilities such as schools and hospitals taking precedence over electricity consumption. Chinese authorities have not yet confirmed whether Australian coal has been excluded from the new import quota, but unofficial restrictions on coke and thermal coal from the country remain. Since June, dozens of ships loaded with Australian coal have been stranded outside Chinese ports, waiting to unload orders placed before the verbal ban. The new ban, if confirmed, is the latest escalation in a string of trade actions from China that began in April when Australia requested an international investigation into the origins of the coronavirus without consulting Beijing. More from the South China Morning Post: * China-Australia Relations: Canberra "Very Concerned" About Reports of "Discriminatory" Coal Ban * China's Ban on Australian Coal Spikes Mongolia Imports But Difficulties Remain * China Sees Faced with coal shortages as import restrictions, stricter environmental controls begin to bite * China increases thermal coal import quota by 20 million tons, but Australia is unlikely to grow * China could face a lack of coal imports in Mongolia due to coronavirus lockdown, but supplies are unlikely to be interrupted for the winter, when provinces cut power to factories, first appeared in the South China Morning Post. For the latest news from the South China Morning Post, download our mobile app. Copyright 2020.
Weltnachrichten – AU – Worldline announces a major strategic commercial acquisition alliance with ANZ...
. . Worldline announces a major strategic commercial acquisition alliance with ANZ Bank in Australia. * Acquisition of a majority stake (51%) in the commercial acquisition business of ANZ against cash compensation of c. 485 million. AUD * Formation of a Worldline controlled joint venture with a stake of 51% to 49% to operate and develop commercial acquisition services in Australia with ANZ Bank * Strategic opportunity to provide merchant services outside of Europe with unique access to one of the largest payments expand markets * Strong added value through synergies resulting from the introduction of the Worldline payment technology stack, improved scaling and acceleration of growth. * First success of the newly created Merchant Services-Financial Institutions division, which uses the convincing strengths of the Worldline-Ingenico combination. Bezons, Jan.. December 2020 - Worldline [Euronext: WLN], a global leader in the payments industry, today announced the signing of a key strategic alliance for commercial acquisition with ANZ Bank, one of the largest banks in the Asia Pacific region and Australia's third largest acquirer Alternating current. 20% share of the transaction volume processed in Australia1. Gilles Grapinet, Worldline Chairman and CEO, said: “The strategic alliance between Worldline and ANZ announced today is a landmark transaction for the group and I am honored that ANZ has selected Worldline to take control of the business to be taken over by dealers The long-term partner of choice who supplies its very large portfolio of dealer customers with state-of-the-art products and services. Australia is an extremely attractive strategic market as it is very close to Europe in terms of market structure, standards and technology and accepts electronic payments at a high level. Given a solid macroeconomic environment and strong long-term growth potential, the Australian market offers a rare opportunity to expand our platforms and introduce our innovative solutions in very close partnership with such a leading institution as ANZ. This long-term and exclusive joint venture is based on a shared vision for delivering value-added merchant acquiring products and services in Australia by combining Worldline's global size, world-class technology and expertise with ANZ's large banking footprint and distribution power. We are particularly looking forward to approx. 200 experts for dealer acquisition and payment technology from ANZ. Finally, this partnership between ANZ and Worldline underscores the relevance of Worldline's newly created value proposition for Merchant Services - financial institutions that we will continue to use in Europe and beyond to cement future banking alliances with Merchant Services as more financial institutions are currently adopting a similar strategy initiate initiatives. Mark Hand, ANZ's Group Executive Australia Retail and Commercial, said: “By partnering with a global payments provider, we can combine our banking expertise with Worldline's leading solutions to deliver world-class services to Australian customers. Through this joint venture, we will continue to improve our ability to be a leading transaction bank while managing customer relationships for broader banking needs. This is yet another example of our strategy to create a simpler and more digitally focused bank that delivers leading products and services to Australian clients. Australia: An Attractive Payment Market Australia is an extremely attractive and strategic market for Worldline. It's the 14th. largest economy in the world and the 5th. largest in Asia. It has robust economic performance with a low unemployment rate and limited national debt, which is supported by consistent political frameworks, strong institutions, an attractive investment environment and close trade ties with Asia. The Australian payments industry is showing favorable momentum with a sizeable and growing addressable market and a high willingness and receptivity to cashless payment methods. Similar to Europe in terms of market structure, payment standards and technology, the Australian payments market is large and dynamic. It has a high level of acceptance for electronic payments and ranks 4th in the world for payment terminals per capita, with consumer use of contactless cards and digital wallets among the highest in the world. In addition, if cash penetration remains high, the Australian market offers an attractive growth opportunity triggered by the shift from cash to cards. This trend has accelerated during the recent Covid-19 pandemic, which is due to a temporary improvement in the contactless payment threshold (from AUD 100 to AUD 200), bank-sponsored mobile payment solutions, and increased use of online shopping that is likely to increase a permanent shift. This new joint venture gives Worldline the unique opportunity to significantly expand its business by acquiring retailers outside of Europe, with direct access to an existing and high quality retailer portfolio and at the same time realizing significant synergies due to the improved scalability through leverage of the Group's payment technologies. Alliance with a local leader with strong customer relationships ANZ was founded in 1835 and is headquartered in Melbourne. The company is one of the four leading private customer banks on the continent and one of the market leaders in its market. Generates c. 180 million. € sales in 2020 with an OMDA percentage of c. ANZ's commercial acquisition unit is the third largest payment acceptance and acquisition business in Australia at 19%. A share of 20% of the transaction volume processed in Australia. It currently employs c. 200 employees and manages payments for 80. 000 physical and online merchants through 2 billion transactions processed on their platform. With an experienced management team with extensive country and industry knowledge, ANZ has built a prominent customer base that ranges from SMEs to major customers. This well-diversified and resilient retailer base has strong customer retention rates and is geographically diversified, with Victoria (28%), New South Wales (28%) and Queensland (20%) being the largest regions. Strategic rationale In this rapidly changing industry, which is driven by the introduction of numerous and innovative payment methods by customers, ANZ sees Worldline as the ideal partner to leverage focused technical skills to deliver the best customer offer and user experience in all segments Offer. The combination of the strong market position of ANZ and the global size of Worldline, first-class technologies and payment expertise will enable Allianz to increase sales by double digits in the coming years. This accelerated growth rate is achieved through cross- and up-selling opportunities that are based on innovative solutions such as digital onboarding, alternative payment methods (APM), fraud detection, online and omnichannel functions and at the same time use the existing dealer portfolio. In addition, a robust integration and platform development program will be implemented at the end, with the aim of achieving an additional OMDA of 25 million by 2025. To reach EUR. The synergy plan is mainly based on the reuse approach of Worldline's proven payment modules with the implementation of a targeted platform that offers innovative payment applications based on European market standards in Australia. After the migration, Worldline IP's own platform offers a strong operational leverage effect on a larger scale with an additional transaction volume of more than 74 billion euros per year, which corresponds to a volume increase of 20% compared to the number of commercial acquisition transaction volumes of Worldline processes (c. 400 billion. EUR). Effects of the Transaction on Worldline The main financial effects of the newly formed joint venture on Worldline are as follows: * Additional annual sales of c. 180 million. EUR with expected double-digit organic growth CAGR in the next 5 years; * OMDA margin of c. The profitability of Merchant Services is expected to catch up with Worldline at 20% by the time of closing, driven by the leverage of the operations and expected synergies of 25 million. EUR until 2025; * Estimated implementation costs at c. 25 million. EUR and; * Estimated payout of c. 300 million. EUR (for the 51% stake in the joint venture) upon closing, which means that Worldline's financial flexibility is retained for further developments. Key Transaction Terms and Governance Principles The key transaction terms and governance principles are as follows: * ANZ dealer acquires a company worth 925 million. AUD (c. 570 million. EUR), which corresponds to an EV / EBITDA multiple below the current multiple of Worldline; * Worldline to control the joint venture with a 51% stake; * Worldline will appoint CEO and COO in a joint approach with ANZ; * Signed a long-term partnership with a minority buyback mechanism through a purchase option exercisable by Worldline (10 years after closing); * Closing expected in the fourth quarter of 2021. Industrial alliance in line with Worldline's strategy to expand its Merchant Services business worldwide and leverage the Merchant Services - Financial Institutions business model. This alliance is a milestone that confirms the relevance of Worldline's ambition to be the partner of choice for banks through the newly created Financial Institutions Launch led by a dedicated team that is fully committed to introducing our banking partnership model. Indeed, merchant acquisition activities are vital for banks, but come with challenges such as loyalty, reach and scalability, innovation and the ability to find the right partner to develop their operations. Merchant Services - Repeatable Blueprint for Financial Institutions leverages the compelling combination of Worldline and Ingenico to offer banking partners: * Worldline's global reach with scalability and competitive cost structure, * Best-in-class products and services for digital payments, * Recognized Sales and marketing skills, * Successful track record of integration and migration, and * Assistance in leveraging their payment resources. Through this special launch, Worldline will continue to respond to the growing appetite of financial institutions for bespoke partnerships and develop market-winning banking alliances and joint ventures. The Management of Worldline invites you to an international conference call on April 14th. December 2020 at 18. 3 p.m. (CET - Paris). . * You can attend the webcast of the conference: * on worldline. com, in the Investors section * Via this link: https: // edge. Media server. com / mmc / p / syv2eh2b * by phone with dial-in: United Kingdom (local): 44 (0) 844 481 9752 France (local): 33 (0) 1 70 70 07 81 Germany (local): 49 (0) 69 22 22 26 25 USA, New York (local): 1-646-741-3167 Confirmation Code: 2464576 After the conference, a replay of the webcast will be available on worldline. com in the Investors section. Upcoming events * Results from 24. February 2021 for the 2020 financial year * sales from 21. April 2021 Q1 2021 * Results of the Annual General Meeting on 20. May 2021 * Results from 27. July 2021 Results for the first half of 2021 * 19. October 2021 Revenue from Q3 2021 Contacts Investor Relations Laurent Marie 33 7 84 50 18 90 Laurent. marie @ ingenico. comBenoit d’Amécourt 33 6 75 51 41 47 benoit. damecourt @ worldline. comCommunicationSandrine van der Ghinst 32 499 585 380 Sandrine. vanderghinst @ worldline. comHélène Carlander 33 7 72 25 96 04 helene. carlander @ worldline. comAbout Worldline Worldline [Euronext: WLN] is the European market leader in the payment and transaction services industry and 4 players worldwide. With its global reach and commitment to innovation, Worldline is the technology partner of choice for retailers, banks and third-party providers, as well as public transport operators, government agencies and industrial companies in all sectors. Worldline is used by over 20. 000 employees in more than 50 countries and offers its customers sustainable, trustworthy and secure solutions along the entire value chain for payments that drive their business growth wherever they are. Merchant Services offered by Worldline; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquisitions both in-store and online, highly secure payment processing, a broad portfolio of payment terminals, and e-ticketing and digital services in the industrial environment. In 2019, Worldline had pro forma sales of 5. 3 billion euros. World line. The corporate goal of comWorldline ("raison d’être") is to design and operate leading digital payment and transaction solutions that enable sustainable economic growth and strengthen trust and security in our societies. We make them environmentally friendly, generally accessible and support social change. This document contains forward-looking statements that involve risks and uncertainties, including references, regarding the Group's expected growth and profitability in the future that could materially affect the expected performance contained in the forward-looking statements. These risks and uncertainties relate to factors that are beyond the control of the company and cannot be accurately estimated, such as:. B.. Market conditions or behavior of competitors. All forward-looking statements made in this document are statements about the beliefs and expectations of Worldline and should be interpreted as such. Forward-looking statements include statements that may relate to Worldline's plans, goals, strategies, objectives, future events, future revenues or synergies, or performance and other information that is not historical information. Actual events or results may vary due to a number of risks and uncertainties discussed in the. April 2020 at the Autorité des Marchés Financiers (AMF) on 29. The Universal Registration Document filed April 2020 under the fill number D may differ from those described in this document. 20-0411 and his on 6. August 2020 submitted to the AMF change under the fill number: D. . 20-0411-A01. The organic sales growth and the operating margin before depreciation (OMDA) are presented at constant volume and exchange rate. OMDA is presented as defined in the Universal Registration Document 2019. Unless expressly stated otherwise, all figures are in millions. € with one decimal place. Under certain circumstances, this may result in insubstantial differences between the sum of the numbers and the subtotals shown in the tables. AUD / EUR exchange rate: 1 AUD = 0. 62 EURWorldline assumes no obligation or responsibility to update or change the above information and expressly rejects this unless otherwise required by law. This press release is distributed for informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell any securities in the United States or any other jurisdiction. Securities may only be offered or sold in the USA if they have been registered under the U.. S.. . Securities Act of 1933, as amended (the “U. . S.. . Securities Act ”) or the securities laws of a U. . S.. . State or are exempt from registration. The securities that can be offered in a transaction have not been and will not be registered under the U.. S.. . Securities Act or the securities laws of a U. . S.. . state and Worldline does not intend to offer such securities publicly in the USA. * * * 1 Credit, debit and charge card sales, ANZ and RBA internal data Appendix * Worldline announces a major strategic commercial acquisition alliance with ANZ Bank in Australia - PR