Tag: Clearing & settlement

The first wave of Europe’s ambitious settlement platform, TARGET2 Securities, successful went live on Monday in Greece, Malta, Romania and Switzerland.

A T+2 settlement cycle could be adopted in the US by the end of Q3 2017, according to a T+2 Industry Steering Committee white paper.

Market participants should move towards confirming trades within 15 minutes of execution to better manage their costs and risks, according to a whitepaper from post-trade services provider Trax.

The European Central Bank’s T2S Board has approved a request from Monte Titoli, Italy’s CSD, to delay going live on Europe’s incoming settlement platform.

Despite assurances from the ECB that TARGET2-Securities will launch in 10 days, the Italian CSD Monte Titoli is understood to be delaying its go live until late August.

SunGard has launched a new industry utility for post-trade futures and cleared OTC derivatives with the confirmation of Barclays as its anchor customer.

The European Commission has once again postponed a crucial deadline that would have seen European suffer banks suffer higher capital requirements to do business in the US, as international regulators fail to agree on equivalent clearing house rules.

Nomura’s, executive director, OTC clearing business development manager, Lee McCormack, has left the company following its decision to pull out of providing OTC client clearing services.

Clearing brokers considering exiting the market have been urged to weather the storm by one industry expert who can see the capital rules changing in the coming years.

LCH.Clearnet is looking to draw buy-side firms to clear non-deliverable forwards (NDFs) by extending its client clearing offering to include European model account structures.