NO 232 – JUNE 2012
Sustainable stock exchanges

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WFE Focus June 2012
Post trade

Australian Stock Exchange launches OTC clear service for equity options

ASX launched Equity OTC Clear, a clearing service for ASX participants to anonymously report transactions in OTC equity options. It does not require participants to lodge an International Swaps and Derivatives Association (ISDA) contract. It also provides investors with flexible expiry dates and strike prices.

Clearstream and Iberclear to develop collateral management service for Spain

Iberclear, the Spanish central securities depository and subsidiary of BME, and Clearstream have signed an agreement to develop a new tri-party collateral management service for the Spanish market. The service will target the collateralization of exposures of Iberclear clients in Spain.

DTCC to open data center in Singapore

The Depository Trust & Clearing Corporation’s Global Trade Repository plans to expand its operations into Singapore by establishing an Asian-based global data center to ensure regulators have seamless access to data for systemic risk mitigation in OTC derivatives markets.

Eurex Clearing reduces equities clearing fees

Eurex Clearing is to lower the clearing fees for equity transactions on Xetra and Xetra Frankfurt Specialist with effect from 1 July 2012. The volume-dependent clearing fee will fall by 0.02 basis points for all participants. The new pricing model will save clearing customers up to 20% of total clearing fees.

Eurex Clearing and major dealers to cooperate in OTC interest rate swaps clearing

Eurex Clearing will cooperate with Barclays, BNP Paribas, Citibank, Credit Suisse, Deutsche Bank, J.P. Morgan and Morgan Stanley to support the launch of its new clearing service for OTC Interest Rate Swaps. EurexOTC Clear for IRS will deliver efficient risk management and safety for dealer and client clearing ahead of the start of the clearing obligations in Europe as required by the European Market Infrastructure Regulation (EMIR). Eurex Clearing plans to achieve technical production readiness beginning of July 2012.

LCH.Clearnet launches CDSClear internationally

LCH.Clearnet launched its international CDSClear service, an extension to the established domestic French offering launched in March 2010. CDSClear now offers an innovative, multi-jurisdictional CDS clearing framework.

London Stock Exchange Group’s Monte Titoli launches new delivery-versus-payment service with Austrian CSD

London Stock Exchange Group announces that Monte Titoli, the leading European Central Securities Depositary and provider of financial settlement services, has launched a new DVP service with the Austrian CSD Oesterreichische Kontrollbank. This new service widens the offering of cross-border services available to Monte Titoli’s clients.

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