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.
The proposed solution will provide one consolidated hub for the issuing of European commercial paper with delivery vs payment (DvP) settlement.
The move allows the £1 billion private bank to fully automate settlement and cash movements for its UK investment funds.
Long-serving innovation head at Euroclear leaves after 15 years at the Belgium-based central securities depositary.
Following deal with Hong Kong Exchange, Euroclear expects more exchanges in Asia, the Americas, and the Middle-East to join its ICSD settlement structure for ETFs.