Euroclear Bank has signed a memorandum of understanding with Korea Securities Depository, with the intention of providing more efficient post-trade access to Korea Treasury bonds for international investors
This solution aims to deliver speed and transparency to payments of up to US$10,000, enabling users to send USD, GBP and EUR payments cross-border with a breakdown of how much it will cost them in deductions before they execute
CT, also known as real-time tape, is a high-speed, electronic system that reports the latest price and volume data on sales of exchange-listed stocks
The IXB pilot service will leverage the existing real-time payment systems RTP in the US, run by TCH, and EBA CLEARING’s RT1 in Europe
SWIFT said this marks a “major milestone” for the industry toward “enabling CBDCs and tokenised assets’ smooth integration into the international financial ecosystem”
The project will trial a solution powered by Symbiont’s enterprise blockchain platform, Assembly, to allow asset managers and custodians to automate how they compare corporate action information sent to them from multiple sources
This solution analyses previous payments transactions conducted over the SWIFT network, on an anonymised basis, to identify potential errors in payee details and other trade information that may cause the payment to be processed incorrectly
Euroclear has added a new ESG reporting solution to its digital fund distribution platform, MFEX, in collaboration with sustainability software company, Greenomy
