Settlement

Euroclear and Clearstream appoint Bank of China (Hong Kong) as common depository for international securities. 

The new redesign is expected to provide a consolidated settlement model to enhance risk mitigation, operational efficiency and liquidity; LCH ForexClear is the first CCP to go live on the platform.  

Sam Riley, CEO of Clearstream securities services, outlines key priorities for the business, including expanding pan-European CSD connectivity, scaling support for retail and private markets, and driving growth through digital and data initiatives. He also highlights T+1 settlement, regulatory harmonisation, and rising demand for predictive data and interoperability as major forces shaping the post-trade landscape. 

New measures will enable rehypothecation of bond collateral and support multi-currency settlements. 

CREST platform to support share transfers and investor access for private companies. 

The Committee’s 60-page report contains recommendations for market participants in the EU for transitioning to a shorter settlement cycle.

The technical advice sets out scenarios excluded from settlement discipline regime. 

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.