Euroclear UK & Ireland has become the first foreign financial market infrastructure to connect to the Federal Reserve’s National Settlement Service, enabling clients to settle transactions in US dollars in central bank money.
The investment from Euroclear was in response to client demands wanting access untapped liquidity pools in the bond market.
One of Euroclear's most senior leaders has left after 27 years to explore new entrepreneurial challenges.
The enhancements include a direct buy-side access link with LCH RepoClear, added tri-party repo services, and a new collateral optimisation tool.
Nasdaq, EuroCCP, Euroclear and ABN AMRO Clearing use blockchain for collateral processes in ‘breakthrough for CCP model’.
Stephan Koschmieder has been appointed head of business development for Germany, Austria and CEE region at BNY Mellon.
Euroclear will instead look for an alternative solution to carry out settlement services after the UK leaves the EU.
Euroclear has recently boosted investment into its fund market infrastructure service FundsPlace.
DTCC-Euroclear Global Collateral partners with NEX to improve OTC derivatives margin call processes following changes in its senior leadership roles.
The combined service brings together a global custodian, a CSD and an asset servicing agent into a single T2S offering.