Tag: settlement

Following the launch of Project Ion to explore the possibility of a T+0 settlement cycle, its research found the initiative is currently not applicable to the market. 

BNY Mellon predicts its new initiative will help traders predict approximately 40% of settlement failures in Fed-eligible securities.

The development follows similar initiatives involving Euroclear and local market infrastructures in both China and Japan.

The partnership bolsters SGSS’ post-trade coverage for mid-tier broker-dealers in Europe.

The two market infrastructures have teamed up to launch Yulan bonds, connecting global investors to Chinese issuers without navigating China’s settlement system. 

The majority of industry bodies and market participants will most likely focus their feedback on the settlement penalties and the buy-in components of CSDR.

Seventh and final CSDR license for Euroclear Group as UK and Ireland is approved by Bank of England. 

Clearstream can now offer custody and settlement services for banks and their cross-border transactions in 99% of all T2S-in securities.

The move will allow Euroclear UK and Ireland (EUI) to continue to settle Irish-domiciled funds and securities once the Brexit transition period ends on 31 December.  

HKEX will use DAML-developed smart contracts and has partnered with DTCC to streamline and automate Northbound Stock Connect post-trade processes.