European implementation should learn from key success factors from North America’s transition ahead of 11 October 2027 settlement, according to a report produced by Firebrand Research, Clearstream, DTCC and Euroclear.
Royal Bank of Canada (RBC) is the first Canadian member.
The news builds on the firms’ ongoing collaboration from 2014; move will allow the bank’s treasury division to access RepoClear’s services.
The service forms part of the exchange’s Post Trade Solutions, and is part of the drive to expand LSEG’s post-trade capabilities.
The new offering has been designed to assist operations teams in enhancing solutions across fails research, inventory optimisation and email integration automation.
The move forms part of the clearinghouse’s drive to offer clearing across a range of asset classes and follows the recent launch of Cboe’s European SFTs clearing service in March 2025.
The Canadian clearinghouse’s move replaces certain legacy systems and is set to match the evolving market needs for post-trade.
Despite the positive participation, study reveals a limited amount of planned activity in 2025.
The implementation of settling exchange transactions in a payment versus payment mode has been approved by the Bank of Spain.
Move comes as Cboe seeks to make the trading of Securities Financing Transactions (SFTs) more capital efficient, especially as regards risk-weighted assets.