Euroclear supports art trading outfit as issuer CSD
New trading platform in the art investment space, ARTEX, has collaborated with Euroclear to make art public via equity shares.
Market Infrastructure
Clearstream and Euroclear introduce e-GNs for simplified debt securities issuance
In addition to introducing e-GNs as a new type of Eurobonds, both Clearstream and Euroclear now support the use of electronic signatures for all issuance documentation related to Eurobonds.
Affirmation rates reach nearly 95% on double-settlement day at DTCC
Increase in affirmation rates despite double-settlement day which included T+2 trades from prior to 28 May.
Minor system issue hits DTCC’s night cycle processing on first day of T+1; affirmation rates top 90%
‘Teething issues’ as anticipated on first day of T+1 implementation in the US while affirmation rates top the DTCC’s target on day one.
Clearstream and the Korean Securities Depositary to go live with cross-border link in July
The new direct link will be for the purpose of settling and safekeeping Korean government bonds.
Euroclear gains clarity from EU on interest stemming frozen Russia assets
Profits arising from interest on frozen Russian assets at Euroclear will be distributed towards funding weapons and recovery for Ukraine, ending a two-year impasse on how the funds would be used.
Swiss and Dubai CSDs agree to work towards establishing links
SIX and the Dubai Financial Market sign collaboration agreement with CSD links at its core.
Market Infrastructure
New era for Euroclear as Urbain takes the reins; focus on funds strategy accelerates
The first quarter was defined by milestones for Euroclear in the funds space, while profits continue to rise as a new chief executive takes over.
Editors’ Choice Awards APAC 2024 – Market Infrastructure Project of the Year
With the second annual Leaders in Custody Asia awards fast approaching, Global Custodian takes an in depth look into the nominees for the Market Infrastructure Project of the Year category - featuring HKEX, Clearstream in collaboration with Korea Securities Depository, and Euroclear with Korea CSD.
Euroclear selects Deutsche Bank as cash settlement and FX bank in South Korea
The mandate is to support South Korean government bond activity for Korea treasury bonds and monetary stabilisation bonds.