Settlement

Currently there are 73 other banks as settlement members in CLSSettlement.

The European T+1 implementation budget for the largest custodians could reach up to $36 million apiece – more than double the average cost the same firms poured into the North America transition, finds new research.

Broker-dealer to streamline back-office operations amid growing institutional demand. 

Partnership aims to address manual processing challenges in post-trade settlement workflows. 

The exemption, approved by the Committee of Permanent Representatives, comes as part of the Council’s broader agreement on a negotiating mandate aimed at accelerating settlement timelines across the EU.  

Mandate covers the custody, recordkeeping, and transfer of Natural Capital Credits under the Natural Forest Standard 

JP Morgan and Citi support the rollout of a netting solution for the €15 trillion EMEA repo market. 

The partnership is expected to enable real-time delivery versus payment settlement for intraday repo transactions.  

The move, coordinated by Iberclear, aims to harmonise the Spanish market with European standards.