The clearing and settlement system is struggling to leverage off of distributed ledger technology – but DLT is still where its future lies, finds Nicholas Pratt.
The clearing and settlement system is struggling to leverage off of distributed ledger technology – but DLT is still where its future lies, finds Nicholas Pratt.
The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) last year published a report targeting the first half of 2024 to shorten the US securities settlement cycle from trade date plus 2 days (T+2) to trade date plus one day (T+1).
Euroclear, MFEX and Greenomy are addressing sustainable finance challenges with innovative, scalable solutions.
Sustainable finance presents challenges for both the demand and supply side of the market but financial market infrastructure providers like Euroclear can help pave the way for industry participants to collaborate and break through structural rigidities.
The EU might want more clearing business to migrate from the UK, but markets will decide in the end, finds David Whitehouse.
The industry may have been “delighted” by the recent postponement of new settlement rules, but it still has to get to grips with the prospect of fines for failed trades. David Whitehouse reports.
Don’t underestimate the cost of a failed trade under the Central Securities Depositories Regulation’s (CSDR) Settlement Discipline Regime (SDR).
Settlement failure costs are too big for the securities industry to ignore, finds Stephanie Baxter, who attended a three-day virtual Sibos event in October.
The Central Securities Depositories Regulation’s (CSDR) Settlement Discipline Regime (SDR) goes into effect in early 2022 requiring optimized trade confirmation and allocation processes as a crucial step to help prevent trade fails.
The implementation of compulsory buy-in provisions in the European Union as a remedy for failed trades, set for February 1, is likely to be delayed, Haroun Boucheta, head of public affairs at BNP Paribas Securities Services, tells Funds Europe.
