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Clearstream sees €11.5 trillion assets under custody


08 April 2013 Frankfurt
Reporter: Georgina Lavers

In March 2013, the value of assets under custody held on behalf of customers registered an increase of four percent to €11.5 trillion (compared to €11.1 trillion in March 2012)...
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Markit nabs DTCC’s MaritSERV stake


08 April 2013 New York
Reporter: Georgina Lavers

Financial information services firm Markit has acquired the ownership stake in MarkitSERV held by the Depository Trust and Clearing Corporation (DTCC)...
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Quilter selects Cofunds as custodian


03 April 2013 London
Reporter: Georgina Lavers

Quilter has selected Cofunds as its custodian, in a mandate that will see an initial £3 billion of funds moved onto the platform...
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Moscow Exchange renovates Russian security settlement


03 April 2013 Moscow
Reporter: Georgina Lavers

Moscow Exchange has begun the settlement of securities on the T+2 basis, one amongst many recent reforms which are hoping to make trading on Russia’s main exchange more attractive to both international and Russian market participants...
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Cayman moves forward with FATCA


03 April 2013 George Town
Reporter: Jenna Jones

The Cayman Islands government is planning to adopt a model one intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA)...
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AUSD rebrands as Clearing Center


02 April 2013 Ukraine
Reporter: Jenna Jones

In a recent meeting held on 28 March, All-Ukranian Securities Depository (AUSD) shareholders decided on its name change to Clearing Center on servicing of agreements on financial markets...
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Taiwanese RMB payments soar


27 March 2013 Brussels
Reporter: Jenna Jones

Taiwan’s RMB payments have grown 120 percent over the last six months according to SWIFT’s latest RMB tracker...