All clearing and settlement news

Commission extends UK CCP equivalence to June 2025

09 February 2022 EU
Reporter: Bob Currie

The European Commission has confirmed that it will extend equivalence for UK central counterparties through to 30 June 2025 and will enhance measures to build central clearing capacity in the EU

IHS Markit partners with Alpha Financial Software

26 January 2022 US
Reporter: Jenna Lomax

IHS Markit has partnered with Alpha Financial Software to deliver automated US agency mortgage-backed securities clearance and settlement through IHS Markit’s thinkFolio investment management service

Euroclear Bank to join ECB’s T2S settlement system

22 December 2021 Belgium
Reporter: Jenna Lomax

Euroclear Bank, the Brussels-based international central securities depository, is to join the European Central Bank’s TARGET2-Securities settlement system, following an agreement signed with the ECB and the eurosystem central banks on 21 December

Keler and IRGiT to combine for regional clearing collaboration

21 December 2021 CEE
Reporter: Bob Currie

An agreement signed between the Warsaw and Budapest stock exchanges, the Polish Power Exchange and Hungarian National Bank plans regional clearing services for CEE and SEE, initially targeting commodities and energy markets

HSBC and IBM complete successful token and digital wallet settlement test

17 December 2021 France
Reporter: Jenna Lomax

HSBC and IBM have successfully tested an advanced token and digital wallet settlement that included direct transactions between two central bank digital currencies, using the cloud

EBA Clearing successfully completes migration of RT1 technical account to TIPS

13 December 2021 France
Reporter: Jenna Lomax

EBA Clearing has completed a successful migration of the RT1 technical account from TARGET2 to the TARGET Instant Payment Settlement

HSBC and Wells Fargo use Baton Systems to complete first interbank PvP settlement outside CLS

13 December 2021 US
Reporter: Jenna Lomax

The world’s first interbank PvP settlement outside of CLS has been completed by HSBC and Wells Fargo using Baton Systems’ Core-FX solution, built on Baton’s distributed ledger technology

Guotai Junan Securities utilises Euroclear’s Yulan bond structure

26 November 2021 Brussels
Reporter: Jenna Lomax

Guotai Junan Securities is to begin utilising Euroclear Bank’s Yulan bond structure, enabling Chinese issuers to gain better exposure to a wider foreign investor base

Nigerian clearing house joins CCP12

22 October 2021 Nigeria
Reporter: Bob Currie

FMDQ Clear becomes an observer member of the global central counterparty association with immediate effect, supporting the development of the Nigerian post-trade services value chain towards global standards

AFME: T+2 is quicker than it used to be, but is it enough?

20 October 2021 UK
Reporter: Maddie Saghir

The settlement date for stocks used to be T+5, before moving to T+3, and now most markets operate on a T+2 settlement cycle, but panellists at the AFME conference discussed whether or not the T+2 cycle is enough

BoE launches CCP supervisory stress test

20 October 2021 UK
Reporter: Bob Currie

UK central bank will model credit and liquidity resilience of UK-registered CCPs under stress conditions, alongside impact on wider financial system

SBI Securities centralises settlement operations with Broadridge

20 October 2021 Japan
Reporter: Rebecca Delaney

SBI Securities has extended its partnership with Broadridge Financial Solutions by migrating the post-trade operations of its Hong Kong and Singapore businesses to Broadridge’s cloud-based ASP service in Asia

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