All clearing and settlement news

Gazprombank and DIXY launch settlements via NSD platform

16 April 2019 Moscow
Reporter: Jenna Lomax

Gazprombank and DIXY Group have chosen the National Settlement Depository’s Transit 2.0 to conduct mutual settlements

TCS powers first cross-border settlement between two CSDs

11 April 2019 Mumbai
Reporter: Jenna Lomax

The transaction was completed using cash coins on the BaNCS Network, powered by Quartz Blockchain in a delivery versus payment settlement model

Deutsche Bank goes live with CSDClear

08 April 2019 Frankfurt
Reporter: Maddie Saghir

Deutsche Bank has gone live as the first German bank to offer client clearing through LCH’s CDSClear service

OCC cleared contract volume dips in March

02 April 2019 Chicago
Reporter: Maddie Saghir

OCC cleared contract volume declined 7 percent in March

Iberclear adds Portuguese market to cross-border services

26 March 2019 Madrid
Reporter: Maddie Saghir

Iberclear, BME’s Spanish central securities depository, has added the Portuguese market to its cross-border services

Renell Bank extends partnership with CACEIS

21 March 2019 Paris
Reporter: Jenna Lomax

Renell Wertpapierhandelsbank AG (Renell) has extended its partnership with CACEIS to support its clearing and settlement services

CLS sees average daily settlement volume rise

18 March 2019 London
Reporter: Jenna Lomax

CLS saw a 2.5 percent increase of average daily settlement volume in its new FX settlement service for 2018, compared to 2017

KDPW reduces settlement fees

12 March 2019 Warsaw
Reporter: Maddie Saghir

KDPW will reduce the fees for the settlement of transactions in organised trading, effective 1 July to 31 December this year

State Street to provide access to CLS FX settlement platform

27 February 2019 Tokyo
Reporter: Jenna Lomax

State Street has started providing access to CLS’s risk-mitigating foreign exchange settlement platform, CLSSettlement, for a Japanese-domiciled pension fund as a pilot fund

Nomura to provide access to CLSSettlement

19 February 2019 Tokyo
Reporter: Jenna Lomax

Nomura Asset Management is to be the first asset manager headquartered in Japan to provide access to CLS’ settlement platform for Japanese-domiciled funds

LSEG acquires stake in Euroclear

30 January 2019 London
Reporter: Jenna Lomax

The London Stock Exchange Group is to become a shareholder of Euroclear, acquiring 4.92 percent of the firm’s total shares in issue

Hong Kong to revise settlement and servicing model

28 January 2019 Hong Kong
Reporter: Jenna Lomax

According to HKEX, an uncertificated, or paperless, securities market, investors could hold and transfer securities in their own name without share certificates or other paper documents

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