First State Investments will use the service for end-to-end automation of its UK investment funds from order placement, to settlement and asset servicing.
A recent report suggests managers face very little time to select an alternative for Irish-issued ETFs that are still settling in a domestic model.
LGIM will be able to use the CREST investment fund services for end-to-end automation of order placement, settlement and asset servicing.
The two institutions will also explore opportunities to provide cross-border collateral management services for RMB-denominated securities.
Industry veteran to work with buy-side firms for upcoming non-cleared initial margin regulation.
The custodial membership will allow Euroclear to provide settlement and asset services through a direct account with the Israeli CSD.
Total revenues for Brussels-based Euroclear and Luxembourg-based Clearstream increased 8% and 6% respectively.
Euroclear stated the new solution will make tri-party a portable service offering, agnostic of the settlement and custody location.
Euroclear has named the chief compliance officer of its joint venture with DTCC as interim CEO.