The new offering will make use of Eurosystem’s T2S platform, which is overseen by the European Central Bank, to enhance European fixed income market consolidation and increase control over post-trade workflows.
The $150 milllion deal settled T+0 via Euroclear D-FMI, with Citi as issuing and paying agent.
Gerard Walsh, global head of client solutions, banking and markets at Northern Trust, says US T+1 has pushed APAC managers to treat the trade and FX as one lifecycle and tighten long-standing processes.
Panel at The Network Forum: Asia warns that despite accelerating reforms across India, Vietnam and Southeast Asia, deep-rooted fragmentation and uneven market structures continue to challenge global investors.
FX market participants continue to lean on automated netting as settlement-risk concerns persist.
Regulatory fragmentation, legacy infrastructure and limited RMB liquidity continue to constrain Hong Kong’s ambitions to become a fully integrated digital market and RMB hub, panellists at The Network Forum: Asia warn.
Euroclear and Deutsche Bank unpack digital market realities at TNF Asia, examining stablecoin adoption, settlement-cycle reform and the continued dominance of the US dollar.
Less than a third of respondents in The ValueExchange’s new survey said they were uncertain whether their service providers will be prepared to support the shift.
Exchange group highlights settlement-cycle reform, FIC infrastructure expansion, and HKEX’s Orion technology platform as part of post-trade modernisation plans.
Agreement aims to deepen international investor access to renminbi-denominated assets.