Participants are warned that failure to adhere to the settlement timelines stipulated by the clearinghouses would constitute an event of default, which could result in disciplinary actions.
February 13, 2022Tony Freeman explains why European banks are unlikely to move away from clearing trades through London absent a regulatory mandate.
February 11, 2022Shanghai Futures Exchange has issued new rules setting out the requirements for firms to participate as primary dealers, secondary dealers and settlement institutions.
January 30, 2022The change increases PESONet's daily batch settlement to two cycles, enabling better risk management for FIs and greater convenience for customers.
January 27, 2022The draft rules enable DvP settlement for proprietary and custody businesses involving institutional investors by linking securities transfers to cash payments.
January 20, 2022As part of the launch, the JSCC has introduced a new framework for netting settlements between cash/repo transactions and JGB futures.
January 12, 2022All MSCI futures and options will be included as the first batch of Holiday Trading Products. A market readiness test will be held in late February 2022.
January 7, 2022The existing list of calculation periods will be exhausted in about one year’s time. The HKMA and SFC propose to add eight similar calculation periods to the clearing rules.
December 17, 2021ITE1 is open for software providers to test functional and non-functional workflows for the new equities clearing and settlement system.
December 1, 2021The partnership with SGX will bring "unprecedented access" to the dairy derivatives markets, says NZX chief Mark Peterson.
November 30, 2021