All clearing and settlement news

DekaBank goes to Clearstream for cross-border aid

24 November 2016 Luxembourg
Reporter: Mark Dugdale

DekaBank has picked Clearstream to support domestic settlement of its cleared trading activity on Euronext, tpREPO and BrokerTec across Belgium, France and the Netherlands...

DTCC’s GTR covers ground in Canada

22 November 2016 Toronto
Reporter: Stephanie Palmer

Post-trade infrastructure DTCC has extended its GTR service to Newfoundland and Labrador, meaning it now covers all provinces and territories in Canada...

DTCC: ‘speedbumps’ remain in road to China

17 November 2016 Hong Kong
Reporter: Stephanie Palmer

Regulatory differences and a complex local settlement cycle are among the challenges still facing international firms looking to invest in the Chinese markets, according to a paper from DTCC and Celent...

T2S user trio launch network platform

15 November 2016 Paris
Reporter: Drew Nicol

Target2-Securities participants will soon be able to utilise a ‘single point of access model’ with enhanced collateral pooling and post-trade services, through a new collaborative network model set to launch in 2017...

Chinese and Russian CSDs pair up on operations

26 October 2016 Moscow
Reporter: Stephanie Palmer

The Russian and Chinese central securities depositories (CSDs) have signed a memorandum of understanding to cooperate on depository and settlement operations...

BNP Paribas plans repo clearing expansion

25 October 2016 Paris
Reporter: Drew Nicol

BNP Paribas Securities Services is working with central counterparties to extend its European third-party clearing services for the repo clearing of bonds to more countries...

Clearstream and HSBC in CIBM collaboration

20 October 2016 Luxembourg
Reporter: Stephanie Palmer

HSBC and Clearstream have paired up to offer Clearstream customers access to the China Interbank Bond Market...

Fidessa to boost BNP Paribas futures business

17 October 2016 London
Reporter: Stephanie Palmer

BNP Paribas has adopted Fidessa’s derivatives trading platform for its global futures and options agency trading business...

Dubai derivatives market signs up ABN AMRO

12 October 2016 Dubai
Reporter: Mark Dugdale

The Dubai Gold and Commodities Exchange (DGCX) has signed up ABN AMRO Clearing Bank as a special clearing member on the Dubai Commodities Clearing Corporation (DCCC)...

SEC agrees next step in T+2 transition

29 September 2016 Washington DC
Reporter: Drew Nicol

The US Securities and Exchange Commission has voted in favour of shortening the standard settlement cycle for broker-dealer securities transactions from T+3 to T+2...

SGSS secures T2S mandate for Hungary

27 September 2016 Budapest
Reporter: Drew Nicol

Societe Generale Securities Services has won a mandate to connect the Hungarian central securities depository with the Target2-Securities settlement platform...

R3 members trial Intel’s distributed ledger prototype

26 September 2016 New York
Reporter: Drew Nicol

Financial innovation company R3 and eight of its largest consortium member banks, including HSBC, Societe Generale and State Street, have successfully tested Intel’s distributed ledger prototype for bond transactions...

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