An agreement signed between the Warsaw and Budapest stock exchanges, the Polish Power Exchange and Hungarian National Bank plans regional clearing services for CEE and SEE, initially targeting commodities and energy markets
HSBC and IBM have successfully tested an advanced token and digital wallet settlement that included direct transactions between two central bank digital currencies, using the cloud
EBA Clearing has completed a successful migration of the RT1 technical account from TARGET2 to the TARGET Instant Payment Settlement
The world’s first interbank PvP settlement outside of CLS has been completed by HSBC and Wells Fargo using Baton Systems’ Core-FX solution, built on Baton’s distributed ledger technology
Guotai Junan Securities is to begin utilising Euroclear Bank’s Yulan bond structure, enabling Chinese issuers to gain better exposure to a wider foreign investor base
FMDQ Clear becomes an observer member of the global central counterparty association with immediate effect, supporting the development of the Nigerian post-trade services value chain towards global standards
The settlement date for stocks used to be T+5, before moving to T+3, and now most markets operate on a T+2 settlement cycle, but panellists at the AFME conference discussed whether or not the T+2 cycle is enough
