BNY Mellon connects to CLSNet netting service
The platform has experienced record growth this year, with the average daily notional value of net calculations consistently exceeding $115 billion in the last 12 months.
The platform has experienced record growth this year, with the average daily notional value of net calculations consistently exceeding $115 billion in the last 12 months.
The proposal has set out eight suggestions to encourage the widespread adoption of good market practices as well as enhancing the resilience of central clearing systems.
The Association estimates that the top six US clearing banks would require over $7.2 billion in additional capital for derivatives clearing services.
Non-standard instruments, such as the Argentinian specific asset class, will still be offered on the old system; Caja de Valores said it aims to migrate these instruments onto the new platform within Q1 2024.
T+1 was among the key trends identified by Coalition Greenwich in its latest report examining what the most impactful market structure themes will be over the next 12 months.
Delay set to provide market participants with more time to update systems and implement new procedures.
Key industry voices from Manulife Investment Management, Duco, CLS, DTCC and Torstone Technology delve into the buzz phrase on everyone’s lips as they look to 2024 – the shift to T+1.
Letter from UK Accelerated Settlement Taskforce chair says lessons need to be learned from the US move in May, with final report delayed to Q1, as previously revealed by The TRADE's sister publication Global Custodian.
Progressive penalties would increase with the length of the settlement fail as EU watchdog seeks industry input.
The watchdog's consultation period closes today; T0 has come under fire from AFME which called it an 'unrealistic and undesirable' near term objective.