All clearing and settlement news

Eurex Clearing launches partnership programme

09 October 2017 Frankfurt
Reporter: Theo Andrew

The programme plans to build a “balanced ecosystem”, responsible for aligning responsibilities and benefits related to economics and governance, bringing “greater choice and transparency” to the market

BNP Paribas becomes first French OTC Clearing member

20 September 2017 Hong Kong
Reporter: Barney Dixon

BNP Paribas has joined OTC Clearing Hong Kong, as the clearinghouse’s 17th member, and the first from France

Ten-year T2S saga comes to an end

19 September 2017 Brussels
Reporter: Stephanie Palmer

The Target2-Securities pan-European harmonised settlement platform is finally fully operational, as the Spanish and Baltic markets completed their migration yesterday

SEC praises “smooth” T+2 transition

12 September 2017 Washington DC
Reporter: Stephanie Palmer

SEC chair Jay Clayton said the move on 5 September “represents a significant accomplishment” for the industry

Citi and Deutsche Bank execute first SwapAgent trades

07 September 2017 London
Reporter: Jenna Lomax

LCH’s new SwapAgent service has completed its first trades, facilitating an interest-rate swap and an inflation swap between Citi and Deutsche Bank

North America slims down to T+2

05 September 2017 New York
Reporter: Drew Nicol

The shorter settlement timeframe also aligns these markets with the EU, which moved to a T+2 settlement cycle in 2014

GlobalCollateral and CloudMargin to combine forces on settlement

22 August 2017 London
Reporter: Stephanie Palmer

CloudMargin has entered into an agreement with DTCC-Euroclear GlobalCollateral to connect with its Margin Transit Utility

LCH launches new SwapClear client account

15 August 2017 London
Reporter: Drew Nicol

Global clearinghouse LCH has introduced a new type of client account within its SwapClear service that allows buy-side clients to deliver collateral directly and retain beneficial title

SWIFT to provide gateway for US real-time payments

15 August 2017 New York
Reporter: Jenna Lomax

US banks will have the opportunity to use a single platform, Alliance Messaging Hub (AMH), for making real-time payments through TCH

LCH and Euronext secures 10-year deal on MiFID II derivatives

09 August 2017 Paris
Reporter: Jenna Lomax

The deal allows for clearing services for listed financial and commodity derivatives for the next 10 years

Eurex Clearing calls default drill a success

03 August 2017 London
Reporter: Jenna Lomax

Eurex Clearing successfully simulated the failure of a major clearing participant in a global fire drill in April, the clearinghouse has revealed

FDIC tells firms to prepare for T+2

31 July 2017 Washington DC
Reporter: Mark Dugdale

US financial services firms should take appropriate steps to ensure they are prepared for the move to T+2 settlement on 5 September

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