CLS completes largest technology change initiative with revamped settlement platform
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).
Market Infrastructure
FX Global Code introduces changes to principles for reducing settlement risk
The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.
Eurex expands direct access for hedge funds to cleared repo business
According to Eurex, giving a greater range of market participants direct clearing house access will deliver tangible efficiencies to their repo operations.
Euroclear opens foreign investor access to Chilean corporate bonds
The Brussels-based international CSD has opened new links with numerous emerging and frontier markets, enabling both foreign and domestic investors to tap wider liquidity pools.
Euroclear leads test with custodians and French central bank on CBDC settlement
The test gives Euroclear a broad understanding into the running of an entire post-trade business on a blockchain platform.
Market Infrastructure
Clearstream and Digital Asset exploring DLT replacement for legacy system
The major technology overhaul could mirror projects underway at the ASX and HKEX, and is part of a medium-term strategy from owner Deutsche Boerse to develop a digitised CSD.
European Commission to consider changes to CSDR’s penalty regime
With just seven months to go until the go-live of SDR, market participants have grown increasingly worried that they will be unable to make the necessary changes to their operations to meet the rules.
HKEX onboards global custody banks to new Northbound Stock Connect settlement platform
HKEX Synapse, unveiled in November last year, will enable asset managers, custody and clearing banks to handle the growing volume of trades though Stock Connect into China.
Bank of England takes action against Euroclear following 2020 CREST outage
UK central bank makes recommendations to Euroclear UK and Ireland following CREST outage last year which, it said, ‘caused notable market disruption’.
Market Infrastructure
Fireside Friday with …. Clearstream’s Samuel Riley
Samuel Riley, executive board member and head of investor services and financing at Clearstream, speaks to GC on how the ICSD is helping the post-trade industry to fill in the gaps with data.