Clearstream connects Slovak central securities depository to its T2S network
Slovak securities are now eligible for settlement in Target 2 Securities (T2S) via Clearstream’s German CSD.
Slovak securities are now eligible for settlement in Target 2 Securities (T2S) via Clearstream’s German CSD.
The move will affect normal cash transactions (stocks and bonds) in the market, while T+0 immediate cash operations will continue to be carried out in BYMA without modifications.
Landmark pilot from Digital Asset’s Canton Network involving BNY Mellon, Northern Trust and State Street along with 42 other organisations across 22 permissioned blockchains has demonstrated interoperability and provided distributed ledger applications for asset tokenisation, repo and securities lending, among other functions.
Date had been delayed to provide market participants with more time to update systems and implement new procedures.
Global Custodian’s Sophia Thomson delves into the future of Central Securities Depositories (CSDs) speaking with Martin Watkins, CEO of Montis, about the digital financial markets infrastructure’s vision being driven by a group of familiar industry experts.
New CEO had been responsible for pre- & post-trading division which included Clearstream and SimCorp since 2018.
Partnership to be activated provisionally in the second half of 2024.
Outside of the Russian assets windfall, Euroclear is still posting record profit and revenue, while embarking on a range of new launches.
The improvement in the settlement efficiency rates will help to minimise the likelihood of mandatory buy-in’s being introduced.
Trades processed through the NSCC are on track, with more work to be done around the bilateral settlement segment.