The offshore Yuan is the fifth currency to be settled between the two banks using a shared settlement ledger that currently encompasses the US dollar, Canadian dollar, British pound and the Euro
Speakers on the ‘Best Practices In Corporate Actions Automation and The Search For STP’, ‘Reimagining the Corporate Actions Operating Model’ and ‘Future-Proofing Models for Asset Servicing’ considered recent developments and what lies ahead
The European Investment Bank is exploring the possibility of issuing the market’s “first-ever” GBP tokenised bond, for registration and issuance under Luxembourg law, using HSBC’s new platform HSBC Orion
RBC I&TS was the only organisation to show an improvement in its overall score, with one survey participant reasoning: “RBC strives for perfection and consistently achieves it”
The comments came from a panel entitled ‘Tackling the root of securities settlement fails’, with participants trying to establish the cause of dropped global settlement efficiency rates
The partnership will provide HSBC’s markets and securities business with support for fund order routing, safekeeping, settlement and distribution support services
SWIFT said this marks a “major milestone” for the industry toward “enabling CBDCs and tokenised assets’ smooth integration into the international financial ecosystem”
Securities services are having to adapt faster than ever in the face of unprecedented geopolitical events, increasing regulations, and client demand, say panellists at AFME’s Operations, Post-Trade, Technology & Innovation Conference
Service applies an ISO-standard unique transaction identifier to track progress across the trade lifecycle, enabling market participants to identify trades with high risk of settlement failure and to take pre-emptive action