State Street continues to build out new capabilities to drive forward its financing solutions and collateral optimisation group.
The partnership will improve Clearstream’s Fund Centre platform by expanding the KYD offering for asset managers.
The application is the formal start of the launch process of a central clearing and settlement service for overnight equity securities financing.
A shift to T+1 looks all the more likely after three organisations representing banks and brokers conclude that the benefits outweigh challenges.
SDX has received a draft financial market infrastructure (FMI) licence from FINMA, and it expects to receive formalisation of its licences soon.
The hire is the latest development from DTCC as it formalises a service offering for digital assets and private market securities.
The consortium aims to increase bond market liquidity, as well as reduce transaction costs and reputational risks for the participants who are affected.
Buy-side firms using RepoClear will now have direct access to clearing across 13 Euro debt markets and LCH’s basket repo clearing service, €GCPlus.
The project, named Convergence, includes the migration of CLSSettlement onto its Unified Services Platform (USP).
The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.