All clearing and settlement news

BNP Paribas becomes first French OTC Clearing member

20 September 2017 Hong Kong
Reporter: Barney Dixon

BNP Paribas has joined OTC Clearing Hong Kong, as the clearinghouse’s 17th member, and the first from France

Ten-year T2S saga comes to an end

19 September 2017 Brussels
Reporter: Stephanie Palmer

The Target2-Securities pan-European harmonised settlement platform is finally fully operational, as the Spanish and Baltic markets completed their migration yesterday

SEC praises “smooth” T+2 transition

12 September 2017 Washington DC
Reporter: Stephanie Palmer

SEC chair Jay Clayton said the move on 5 September “represents a significant accomplishment” for the industry

Citi and Deutsche Bank execute first SwapAgent trades

07 September 2017 London
Reporter: Jenna Lomax

LCH’s new SwapAgent service has completed its first trades, facilitating an interest-rate swap and an inflation swap between Citi and Deutsche Bank

North America slims down to T+2

05 September 2017 New York
Reporter: Drew Nicol

The shorter settlement timeframe also aligns these markets with the EU, which moved to a T+2 settlement cycle in 2014

GlobalCollateral and CloudMargin to combine forces on settlement

22 August 2017 London
Reporter: Stephanie Palmer

CloudMargin has entered into an agreement with DTCC-Euroclear GlobalCollateral to connect with its Margin Transit Utility

LCH launches new SwapClear client account

15 August 2017 London
Reporter: Drew Nicol

Global clearinghouse LCH has introduced a new type of client account within its SwapClear service that allows buy-side clients to deliver collateral directly and retain beneficial title

SWIFT to provide gateway for US real-time payments

15 August 2017 New York
Reporter: Jenna Lomax

US banks will have the opportunity to use a single platform, Alliance Messaging Hub (AMH), for making real-time payments through TCH

LCH and Euronext secures 10-year deal on MiFID II derivatives

09 August 2017 Paris
Reporter: Jenna Lomax

The deal allows for clearing services for listed financial and commodity derivatives for the next 10 years

Eurex Clearing calls default drill a success

03 August 2017 London
Reporter: Jenna Lomax

Eurex Clearing successfully simulated the failure of a major clearing participant in a global fire drill in April, the clearinghouse has revealed

FDIC tells firms to prepare for T+2

31 July 2017 Washington DC
Reporter: Mark Dugdale

US financial services firms should take appropriate steps to ensure they are prepared for the move to T+2 settlement on 5 September

Deutsche Börse engages T7 for cash

04 July 2017 Frankfurt
Reporter: Drew Nicol

Deutsche Börse shifts cash trading onto T7 and Eurex introduces new derivative hedging tools for the buy side

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