The Saudi Arabian Stock Exchange has formally moved from a T+3 to T+2 settlement cycle for listed securities.
The launch of Clearstream’s new settlement offering follows LCH’s extension of its RepoClear service.
ESMA has released new guidance on the implementation of CSDR in relation to national, organisational and record keeping requirements.
European Commission blocks merger due to potential fixed income clearing monopoly, which would impact custody, settlement and collateral management.
Various global markets have made attempts to shorten their settlement cycles in recent months and the US has now followed suit.
Trades of Japanese Government Bonds will be settled on a T+1 basis from the start of May 2018.
A report by FINRA outlined potential issues of utilising DLT for settlement transactions.
Saudi Arabia’s Stock Exchange has revealed intentions to shorten its settlement cycle following similar moves by Japan and South Africa towards the end of 2016.
Clearstream and DekaBank’s offering aims to simplify cross-border settlements.
Research has shown specific applications where blockchain use cases are viewed as the most suitable.