All clearing and settlement news

New Hong Kong CCP clears first OTC derivatives trade

04 December 2013 Hong Kong
Reporter: Georgina Lavers

OTC Clearing Hong Kong, a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), cleared its first OTC derivatives transaction using Calypso’s CCP OTC clearing solution when it began business on 25th November 2013...

Renminbi clearing is UK-bound

02 December 2013 London
Reporter: Georgina Lavers

Standard Chartered and the Agricultural Bank of China have signed a Memorandum of Understanding that cements a partnership to provide Renminbi clearing services in the UK...

Deutsche Bank China approved to settle bonds

28 October 2013 Hong Kong
Reporter: Georgina Lavers

Deutsche Bank China has received an inter-bank bond settlement agent licence from People’s Bank of China...

First Middle Eastern CCP on the Collateral Highway

11 September 2013 Dubai
Reporter: Georgina Lavers

The Dubai Commodities Clearing Corporation (DCCC) has become the first central counterparty in the Middle East to join Euroclear’s global Collateral Highway...

Commerzbank and Clearstream launch TradeCycle

10 September 2013 Frankfurt
Reporter: Jenna Jones

Clearstream and Commerzbank have partnered to launch TradeCycle, offering clients seamless processing on cleared and uncleared OTC derivative transactions...

Eurex preens for the Dutch buy side

09 September 2013 Amsterdam
Reporter: Georgina Lavers

Eurex Clearing has added another member to its interest rate swaps service, bringing the number of members up to 16...

OCC clears 6 percent more contracts

02 August 2013 Chicago
Reporter: Georgina Lavers

The Options Clearing Corporation (OCC) recorded total cleared contract volume in July reaching 328.9 million contracts, representing a 6 percent increase from the July 2012 volume of 309.6 million...

European CSDs to settle down early

24 July 2013 Brussels
Reporter: Mark Dugdale

Euroclear’s central securities depositories in Belgium, France and the Netherlands will settle all transactions on a T+2 basis from October 2014...

Calypso will clear for new Chilean CCP

23 July 2013 San Francisco
Reporter: Georgina Lavers

COMDER Central Counterparty has selected Calypso to provide the core clearing platform for a new central counterparty for OTC derivatives created by a consortium of Chilean banks...

NSD reduces committee numbers to 25

26 June 2013 Moscow
Reporter: Georgina Lavers

The supervisory committee of National Settlement Depository (NSD), Russia’s central securities depository, approved the amended regulations on NSD’s customer committee...

EACH wants CCP exemption from bail-ins

14 June 2013 Brussels
Reporter: Georgina Lavers

The European Association of CCP Clearing Houses (EACH) is urging regulators to exempt CCPs from the bail-in provisions of the banking recovery and resolution framework proposal...

Clearing brokers encourage CCS initative

11 June 2013 New York
Reporter: Georgina Lavers

Four of the largest OTC derivatives clearing brokers have confirmed their support for the Clearing Connectivity Standard (CCS) initiative to standardise reporting for cleared OTC derivatives...

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