DTCC targets 90% affirmation by 9pm on trade date ahead of T+1
Trades processed through the NSCC are on track, with more work to be done around the bilateral settlement segment.
Trades processed through the NSCC are on track, with more work to be done around the bilateral settlement segment.
Education on the affirmation process is particularly important for Europe and Asia-based clients.
Urbain will replace Lieve Mostrey, who has led Euroclear as chief executive since 2017.
Results reveal that organisational restructuring that took place in 2023 cost the bank approximately $780 million.
GenAI-powered operational management tool was developed in direct response to the upcoming switch to T+1 in North America.
Non-standard instruments, such as the Argentinian specific asset class, will still be offered on the old system. Caja de Valores said it aims to migrate these instruments onto the new platform within Q1 2024.
The integration will drive existing live blockchain-based end-to-end fund transactions, backed by Vestima, Clearstream’s fund processing platform
TCS follows up major tie-up with Australian Securities Exchange by revealing it has upgraded SIX’s post-trade platform which is first built in the 1990s.
The ICSD will provide a solution for all of DBS Bank’s fund assets for trading, custody and distribution services.
Securrency brand will be retired following the deal, with unit being renamed as DTCC Digital Assets.