JP Morgan and BNP Paribas adopt DTCC’s tri-party matching workflow
Prime brokers streamline post-trade processes ahead of Europe’s T+1 settlement transition in 2027.
Prime brokers streamline post-trade processes ahead of Europe’s T+1 settlement transition in 2027.
The listing includes the first contracts spanning Banco Santander, Banco Sabadell, BBVA, Endesa, Iberdrola, Inditex, Repsol, and Telefónica.
Following a similar issue with the US move to T+1, the second iteration of Thursday conundrum for ETFs trades has emerged as divergent settlement systems around the globe continue to cause headaches for traders.
The move marks a further expansion of the service’s current clearing house coverage, which also includes LSEG’s LCH, CME Clearing and Japan Securities Clearing Corporation (JSCC).
The Hungarian bank is the second settlement member to join the firm this year, following the re-addition of ABN AMRO in June.
The new redesign is expected to provide a consolidated settlement model to enhance risk mitigation, operational efficiency and liquidity; LCH ForexClear is the first CCP to go live on the platform.
The offering addresses inefficiencies and fragmentation related to manual confirmation and settlement in the OTC derivatives market.
The move makes the firm the first FCM with a Canadian parent company to join the credit default swaps clearinghouse.
The news follows the launch back in March 2025, wherein Natixis Corporate & Investment Banking acted as a principal lender against JP Morgan as a borrower.
Currently there are 73 other banks as settlement members in CLSSettlement.