All clearing and settlement news

J.P. Morgan’s TCN facilitates collateral settlement for a live-client OTC derivative transaction

11 October 2023 US
Reporter: Jenna Lomax

As part of the initiative, BlackRock and Barclays are now live on TCN, an application which sits on J.P. Morgan’s Onyx Digital Assets platform, operating as a private blockchain

Citi settles first trades on HKEX’s Synapse

10 October 2023 Hong Kong
Reporter: Jenna Lomax

Citi Securities Services has settled trades for China Asset Management on Hong Kong Exchanges and Clearing’s Synapse platform

ASX agrees to change in line with RBA recommendations

09 October 2023 Australia
Reporter: Jenna Lomax

The assessment analysed ASX’s clearing and settlement facilities from 1 July 2022 to 30 June 2023

ESMA launches shortened settlement call for evidence

06 October 2023 France
Reporter: Lucy Carter

Alongside considerations of a shortened settlement cycle in the EU, the call for evidence will look into whether regulatory action will be needed to reduce the impact of other jurisdictions’ move to T+1

FIA Tech opens Atlantis for buy-side market participants

04 October 2023 UK
Reporter: Lucy Carter

Clients can now manage execution brokerage payments directly, rather than Atlantis enabling payments from clearing to executive brokers

UOB joins LCH’s SwapClear and ForexClear

03 October 2023 Singapore
Reporter: Lucy Carter

UOB is the first Southeast Asian bank to join ForexClear as a direct member, and is the final Singapore local banking group to join as a direct member of SwapClear

Baton Systems launches automated settlement orchestration platform

02 October 2023 UK
Reporter: Lucy Carter

Using distributed ledger technology, the platform reduces manual intervention across reconciliation and control processes, accelerates key function completion and reduces operational costs, Baton Systems says

HKEX announces FINI go-live date

28 September 2023 Hong Kong
Reporter: Lucy Carter

Hong Kong Exchanges and Clearing Limited has confirmed 22 November 2023 as the go-live date for its new digitalised IPO settlement platform, Fast Interface for New Issuance

DTCC releases a new T+1 scorecard for CTM community

20 September 2023 US
Reporter: Jenna Lomax

DTCC has released a new T+1 scorecard, available to its CTM community through its ITP Data Analytics service

FIX launches new message types for real-time settlement updates

20 September 2023 US
Reporter: Frances Jones

The new message types aim to improve operational efficiency, reduce risk and support wider industry initiatives for settlements

EBA Clearing issues FPAD specifications

14 September 2023 France
Reporter: Lucy Carter

The company has also launched a developer portal and sandbox to support the development and testing of FPAD’s application programme interfaces

T+1 provides an opportunity for firms to evolve, SmartStream whitepaper says

14 September 2023 UK
Reporter: Lucy Carter

The whitepaper, ‘The race to T+1 settlement’, discusses the impact that the shift to a shortened settlement cycle in North America will have on global financial services organisations and financial products

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