A process by which a buyer of securities enforces delivery from a seller who has failed to deliver the securities by purchasing the securities in the market and charging the defaulting seller for any costs incurred.
The International Securities Lending Association has responded to the European Commission consultation regarding proposed amendments to settlement discipline provisions of the Central Securities Depositories Regulation
F10, the fintech and insurtech company has secured a funding round, as well as a management buy-in from the F10 executive team, making F10 an independent and self-funded company
Repo securities finance dealer South Street Securities Holdings has become the lead investor in a capital raise by Kayenta Ltd, a hedge fund software solutions developer
The decision of the European Commission to propose the removal of the buy-in obligation from SDR for an indefinite period renders the business proposition of Eurex STS unviable, says Deutsche Börse
Euroclear has selected a Taskize solution to appeal penalties on both its international central securities depository and its domestic CSDs, following the implementation of the central securities depositories regulation Settlement Discipline Regime
The introduction of cash penalties and settlement fails, a major element of the wider Central Securities Depositories Regulation, has been implemented today