All clearing and settlement news

DTCC proposes move to shorten US settlement cycle to T+1 by 2023

24 February 2021 US
Reporter: Becky Bellamy

In order to move to T+1, DTCC says industry participants must align and agree to shorten the settlement cycle by implementing the necessary operational and business changes, and regulators must be engaged

T+0 settlement is a 'non-starter', says industry consultant Tony Freeman

24 February 2021 UK
Reporter: Maddie Saghir

Tony Freeman suggests T+0 would have “huge side effects and remove all of the benefits of netting which are significant”

Robinhood CEO calls for a fix on the ‘antiquated settlement structure’

22 February 2021 US
Reporter: Maddie Saghir

Tenev suggests that solving the problem for the system will require “systemic change” and fixing of the “antiquated settlement structure”

Euroclear Bank’s Yulan bond sees first issuance in China

05 February 2021 China
Reporter: Becky Bellamy

Euroclear Bank’s Yulan bonds are issued through Shanghai Clearing House and will enable Chinese issues to gain exposure to a wider foreign investor base.

Luxembourg passes new bill to recognise DLT for issuing and settling dematerialised securities

03 February 2021 Luxembourg
Reporter: Becky Bellamy

The new bill, the Blockchain II Act 2021, will enable the issuance of dematerialised securities directly in DLT devices

Euroclear, CDCC and CDS to develop collateral management service for Canada

02 February 2021 Canada
Reporter: Maddie Saghir

Under the terms of MoU, CDS, CDCC and Euroclear are working together to develop an automated collateral management service for the domestic Canadian market

NG Clearing gains new bespoke clearing and settlement tech for operations

22 January 2021 Nigeria
Reporter: Maddie Saghir

The technology platform will support the clearing and settlement of derivative instruments across various asset classes including futures and options contracts on indices, equity shares, commodities, currency, and rates