Tag: Clearing & settlement

Euroclear has pushed back the date of moving its Belgian, French and Dutch CSDs to T2S, saying it needs more time for a ‘safe and stable migration’.

National Australia Bank’s NAB Asset Management and NAB Asset Servicing will join the ASX mFund Settlement Service.

The topic of capital market harmonisation split the opinions of two industry experts as they discussed the roll out of TARGET2-Securities (T2S).

The buy-side should be securing clearing brokers and getting their collateral management processes in place before it’s too late, according to panelists at this year’s Sibos event in Singapore.

The T+2 Industry Steering Committee has welcomed comments by the Securities and Exchange Commission’s Chair Mary Jo White supporting a migration to a T+2 settlement cycle in the US.

As the financial industry continues to tackle the challenge of collateral management it is only natural for a range of solutions to be touted as the ‘savior’ of said troubles.

EuroCCP is to begin clearing trades on London Stock Exchange later this month, meaning market participants will now be able to choose from all three of Europe’s interoperable central counterparties.

The New Zealand Stock Exchange will move to a T+2 settlement cycle on 7 March, the same day as Australia, according to a briefing by the Depository Trust & Clearing Corporation.

Clearing brokers are becoming more selective about who they take on as clients, so how should the buy-side approach their search for intermediaries as clearing mandates approach?

The adoption of a utility model for core post-trade and related processes, could save banks up to $4 billion annually, according to a report from Broadridge.