The new service enables users to determine the impact of the settlement discipline regime (SDR) on their securities finance business.
In launching the service, the platform will allow for the simultaneous exchange of cash and securities between broker-dealers to settle US listed-equities trades.
Syndicated loans have emerged as a key asset class for Northern Trust's institutional investor and family offices clients.
The consensus among both buy- and sell-side firms is that the mandatory buy-in regime will have significant negative implications on Europe’s capital markets.
Clearstream’s licence was granted by the German Federal Financial Services Authority BaFin and is effective immediately.
Fnality will collaborate with other industry leaders to create a set of Ethereum-based enterprise technology best practices and open standards.
The launch of the platform marks the latest success for AccessFintech, which originated from JP Morgan’s FinTech incubator and went live just six months ago.
SGX stated the new rates would make it more attractive for institutional investors to borrow, and could result in higher volumes.
Asset managers and pension funds have expressed concerns the CSDR mandatory buy-in regime will impact liquidity and increase costs.
The adoption of AccessFintech solution will help the Swiss bank avoid errors in the settlement process and comply with the upcoming settlement discipline regime.