Category: CSD

Where next for settlement cycles?

There was an interesting discussion at the Global Custody Forum yesterday, where I chaired a panel session on settlement cycles. While the migration to T+2 in Europe has gone extremely smoothly, there is now a difference between settlement periods in

Posted in Clearing & Settlement, CSD, Operations & Operational Efficiency Tagged with: , , ,

T+2 in Europe: move along, nothing to see

The European CSDs Association (ECSDA) has published a very clear analysis of what happened when the European markets moved to T+2 settlement. The short answer is: Nothing. In most markets settlement performance continued unchanged or even improved during over the

Posted in CCP, Clearing & Settlement, CSD Tagged with: , ,

Bitcoin is not what you think

Bitcoin has been one of the most commented-on and reported phenomena in the financial industry recently. Reports, papers and articles range from the excellent, like the articles recently published by the Bank of England [1], to the fanciful and spurious.

Posted in Capital Markets, Commodity Markets, CSD Tagged with:

Shortening the settlement cycle from T+3 to T+2

The majority of European securities markets will shorten their settlement cycles by one day from 6 October, moving from T+3 settlement to T+2. Germany already settles on T+2. In Spain the fixed income market will move on 6 October, but

Posted in CCP, Clearing & Settlement, CSD Tagged with: , , , , ,

Briefing note: The European Union’s CSD Regulation

The European Union is expected to pass a CSD Regulation (CSDR) into law later this year. For the first time, there will be a standard definition of a CSD across all EU member states and a common set of standards

Posted in Clearing & Settlement, CSD, Rules & Regulation Tagged with: , ,