Brief: Firstwave Cloud Technology Says Co Has No Exposure To Silicon Valley Bank

Firstwave Cloud Technology

17/03/2023 07:11

March 17 (Reuters) - Firstwave Cloud Technology Ltd
 FCT.AX :
    * FIRSTWAVE NO EXPOSURE TO SILICON VALLEY BANK
    * FIRSTWAVE IS A SVB CLIENT AND UTLISED A SVB ACCOUNT
    * HAD RECEIVED A MATERIAL LEVEL OF FUNDS FROM CLIENTS TO SVB
ACCOUNT IN LAST 30 DAYS
    * ALREADY HAD ALTERNATIVE PAYMENT RECEIPT AND PAYMENT
PROCESSING
SYSTEMS FOR U.S. MARKET WHICH ARE NOW IN OPERATION

Source text for Eikon:  ID:nASX2wDqFs 
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 ((Reuters.Briefs@thomsonreuters.com;))