All clearing and settlement news

SEC approves Securities Financing Transaction clearing service proposal of the NSCC

06 June 2022 US
Reporter: Jenna Lomax

The new NSCC SFT clearing service will support the central clearing of clients’ SFTs intermediated by sponsoring members or agent clearing members, as well as the central clearing of SFTs between NSCC full-service members

Paxos and State Street partner on T+0 pilot

18 May 2022 US
Reporter: Jenna Lomax

State Street has established a partnership with Paxos, through which it will integrate State Street custody services into the Paxos Settlement Service

Ohio’s Fifth Third Bank welcomed onto CLSSettlement platform

05 May 2022 US
Reporter: Jenna Lomax

Ohio-based bank Fifth Third Bank National Association has been accepted as a third-party participant on CLS’ CLSSettlement platform

BNP Paribas conducts PoC for mutual fund transaction on fundsonchain’s settlement platform

11 April 2022 France
Reporter: Jenna Lomax

BNP Paribas Securities Services has conducted a technical proof of concept for mutual fund transactions on technology provider fundsonchain's settlement platform

SIX launches new platform for the Nordic markets and completes acquisition of REGIS-TR

05 April 2022 Scandinavia
Reporter: Jenna Lomax

SIX has launched a new clearing platform for the Nordic Markets to enable the clearing of 10 million trade legs per day, with SIX expecting an increase in the number of cleared trades going forward

DTCC blocks Russian securities from Bank of Russia

03 March 2022 US
Reporter: Jenna Lomax

DTCC has blocked Russian securities from the Bank of Russia and The Ministry of Finance of the Russian Federation in response to the Russian invasion of Ukraine

India expected to go live on T+1 from 25 February

17 February 2022 India
Reporter: Jenna Lomax

The initiative would see India become the first market to accelerate its equities settlement cycle from T+2 to T+1

SEC votes to propose rule changes for C&S upgrade

10 February 2022 US
Reporter: Bob Currie

US regulator votes for clearing and settlement amendments, including T+1 settlement, same-day affirmation and improved STP rates. It asks, through public consultation, whether the market is now ready for next-day or same-day settlement

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

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