The Code will place greater importance on the use of PvP settlement mechanisms and promote the use of automated settlement netting systems.
The test gives Euroclear a broad understanding into the running of an entire post-trade business on a blockchain platform.
All post-trade derivatives operations at BNP Paribas including reconciliation and post-trade processing will be managed by FIS under 10-year agreement.
Salerio from corfinancial provided connectivity to DTCC’s CTM trade confirmation platform as Man Group migrated its US equity post-trade workflows.
Day Three of Global Custodian’s Leaders in Custody Week showcased a panel discussion on this growing trend, exploring the factors shaping these partnerships and how they can be sustained.
The effort to enhance the credibility of JIBAR is part of the SARB’s broader plan to strengthen the reference rate’s role while an alternative rate is being developed.
The hire comes at a crucial time for the exchange group as it looks to implement and roll out a number of key post-trade initiatives.
Market participants will be conscious of European settlement rates with incoming regulation on the horizon which penalises fails.