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.
Experienced asset management chief operating officer to take the helm at Strate CSD.
Strate CSD will use Nasdaq's blockchain technology to provide electronic proxy voting services for asset managers, issuers and custodians.
Strate's Singer was instrumental in implementing electronic settlement, as well as South Africa's transition to a T+3 settlement cycle.
CloudMargin and Strate have formed a partnership targeting increased tri-party and collateral efficiencies in South Africa.