New report shows uptick in settlement and clearing between China and the UK, as London retains title of having the largest share of RMB payments outside of greater China.
The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
The review will include a potential uplift of operations for client on-boarding, asset servicing, collateral management and settlement processes.
The PwC paper outlines by establishing an ICSD link could result in an increase in GDP of $13.4 billion over 10 years.
The settlement was carried out between the CSDs of Kuwait and Morocco using cash coins on the TCS BaNCS Network.
The ASIFMA paper suggested allowing investment managers and their lending agents, often global custodians, to carry out securities lending in the markets.
Euroclear processed a record number of settled transactions over the year, equivalent to €791 trillion by value, an increase of 8%.
Completion of the first repo transaction based on delivery versus payment using distributed ledger technology.
Nivaura launched in 2016 and focuses on providing blockchain technology for issuance processes.
The plan was highlighted as one of HKEX’s top strategic priorities in order to cater for the needs of Mainland China and international investors.