Topics

News Article

The Central Securities Depository (DCV) along with Santiago Stock Exchange have extended the guarantee custody processes in foreign securities, which brokerage houses can use as collateral for future trades, short sales and share loans, amongst other transactions.

As recommended by Moscow Exchange's Derivatives Market Committee, the National Clearing Centre (NCC), acting as the CCP, is to increase the minimum initial margin for some futures contracts during high market volatility.

LCH.Clearnet SA (LCH.Clearnet) has launched €GCPlus, a central clearing service for the tri-party repo market, in collaboration with Euroclear and the Banque de France.

The CSRC has approved the SSE’s application for building the trading platform in the Shanghai Free Trade Zone (SFTZ).

SIX shortens the time period between the execution of a trade and its settlement.

The Chilean Securities and Insurance Supervisor approved modifications to the Regulation of the CCLV Central Counterparty S.A. to incorporate clearing and settlement of derivative instruments to the Central Counterparty´s System, approval endorsed by the Chilean Central Bank.

OCC announced it has received regulatory approvals to clear over-the-counter (OTC) equity index options,

Clearstream – the post-trade services provider of Deutsche Börse Group – will extend the range of securities eligible for settlement in the future pan-European settlement platform TARGET2-Securities (T2S)

BNP Paribas and Morgan Stanley, two major global banks, joined EurexOTC Clear for Interest Rate Swaps (IRS), Eurex Clearing’s central counterparty service for OTC derivatives, increasing the total number of clearing members to 32.

Hong Kong Exchanges and Clearing Limited (HKEx) announced on 27 December 2013 that its wholly-owned subsidiary, Hong Kong Securities Clearing Company Limited (HKSCC), has admitted China Securities Depository and Clearing Corporation Limited (ChinaClear) as a Clearing Agency Participant to the Central Clearing and Settlement System (CCASS) of HKSCC.

NASDAQ OMX Clearing announced on 23 December 2013 its first buy-side client cleared Interest Rate Swap. The first non-member trade was cleared between SEB and Nektar Fund.

LCH.Clearnet SA (LCH.Clearnet) has expanded its credit default swap clearing (CDS) service, CDSClear, to offer single-name CDS clearing.

EurexOTC Clear for Interest Rate Swaps will deliver efficient risk management and safety for dealer and client clearing/ Strong Client Asset Protection services in line with new EMIR requirements/ High capital efficiency through portfolio risk management and efficient collateral processes

 

Eurex Clearing is to lower the clearing fees for equity transactions on Xetra and Xetra Frankfurt Specialist with effect from 1 July. The volume-dependent clearing fee will fall by 0.02 basis points for all participants. The volume-dependent fee will in future be 0.0008 percent for Xetra Frankfurt Specialist trading and between 0.0008 and 0.0003 percent in fully electronic Xetra trading – depending on monthly turnover volume. The new pricing model will save clearing customers up to 20 percent of total clearing fees.
 

LCH.Clearnet SA (LCH.Clearnet) announces the launch of 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.

CME Group announced that on April 27 the company cleared its first customer FX Over-the-Counter Non Deliverable Forward (NDF) trade, further expanding the company's market leading OTC solution across multiple asset classes. The currency cleared was the Brazilian Real. The company also offers NDF clearing for the Chinese Renminbi Yuan, Philippine Peso, Malaysian Ringgit, Indian Rupee, Korean Won, Taiwan Dollar, Chilean Peso, Colombian Peso, Peruvian Sol, Russian Ruble and Indonesian Rupiah.

The Stock Exchange of Thailand (SET) announces that it has scheduled to launch Thai Depository Portal on May 1 for securities depository services of bonds and funds listed on SET. The system, as a communication channel for registrars through Thailand Securities Depository Co., Ltd. (TSD), helps increase security of information transmission, while reducing risks, and procedures.

Views Article

After more than a decade of hesitation, the EU is now finally moving on to put in place a proper regulatory architecture for clearing and settlement. Following the agreement on EMIR, the EU Commission has proposed harmonized rules for CSD’s, while the ECB is moving on with its plans for a central euro-zone settlement entity. After the unfortunate bypass of the 2006 Code of Conduct, the EU will now have rules to ensure cross border provision of services, (interoperability) and competition between clearing and settlement entities in the EU. This will bring sea change in the sector, and could lead to further concentration in the sector to respond to tighter margins, as we have seen in the area of trading platforms.

Video

WFE Annual Meeting, Paris 2010 - Panel 2 Exchanges, clearers and OTC derivatives

WFE Annual Meeting, Paris 2010 - Panel 2 Exchanges, clearers and OTC derivatives summary