NO 244 – JUNE 2013

WFE Focus May 2013
Post trade

Australian Securities Exchange to launch new OTC clearing solution

The Australian Securities Exchange will implement a new OTC derivatives clearing service for the Australian market, operationally ready by next month, subject to regulatory approval. The ASX OTC Derivatives Clearing Service will allow for the central clearing of standardized Australian dollar denominated interest rate swaps.

BME, REGIS-TR and National Settlement Depository sign MoU

Iberclear, part of BME, REGIS-TR, the European Trade Repository owned by Clearstream (Deutsche Börse Group) and National Settlement Depository, the Russian Central Securities Depository, have signed a Memorandum of Understanding to intensify their cooperation on the mutual exchange of information. The MoU addresses the development of communication channels and a cooperative relationship for the purpose of supporting and advancing the development of both organizations’ repository systems.

Clearstream offers enhanced market access to Russia

On 31 May 2013, Clearstream introduced an improved settlement solution to the new Russian Central Securities Depository, the National Settlement Depository, and also introduced Russian municipal and regional bonds for settlement via the NSD.

ICE Clear Europe to start clearing NYSE Liffe trades in July

On 1 July 2013, ICE Clear Europe, a wholly-owned subsidiary of IntercontinentalExchange, will start clearing trades of NYSE Liffe, following successful testing with clearing members in recent weeks.

Singapore Exchange launches depository services for RMB bonds

Singapore Exchange has recently launched depository services for renminbi-denominated (RMB) bonds. This new service will support Singapore’s development as an offshore RMB hub. The addition of this depository service adds to SGX’s current offering of listing, quotation, trading, clearing and settlement of RMB-denominated securities and listing of offshore RMB bonds.