Leading the Way

Global Asset Servicing News and Commentary

Home → Glossary → Default

Glossary

Default

Failure to fulfill the legal obligations or conditions of a loan, such as not making the required interest or principal payments.

Default News

Komainu launches new collateral service

The service is designed to meet growing demand from institutional clients, especially banks and hedge funds, for secure, regulated solutions to support collateralised activities

Societe Generale integrates Euroclear’s Cash+ Service

Cash+ provides a data-driven analysis to allow firms to optimise the financial value of their optional dividend payments

SIX launches Digital Collateral Service

Firms managing both bonds and crypto can now post both as collateral to cover a single exposure

Industry
Euronext Clearing expands to financial derivatives markets

The milestone marks the conclusion of the migration from LCH SA to Euronext Clearing and the end of the contractual relationship with LCH SA

Euroclear Bank and Eurex Clearing further partnership

The announcement builds on the existing partnership between the organisations, with the central counterparty already using Euroclear Bank as an eligible securities settlement location

UK regulator issues guidance for Basel 3.1 implementation

This “near-final” policy statement responds to feedback advanced by the market on the CP 16/22 consultation paper on Basel 3.1 standards that was circulated in November 2022

Industry
Crypto derivatives trading structure to ‘evolve rapidly’, says Acuiti study

The Acuiti report explores attitudes towards elements of the market structure forged by native offshore crypto derivatives exchanges

ICE appoints Chris Edmonds to lead fixed income and data services business

Based in Chicago during his first 13 years at ICE, Edmonds will relocate to Atlanta, joining a growing presence of ICE’s fixed income and data services teams