Category: Clearing & Settlement

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

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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

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Futurisation of the OTC market

Futurisation of the OTC market   The world of derivatives, particularly over-the-counter (OTC) derivatives, is in a state of change. Prior to the 2008 financial crisis the derivative world consisted of: the OTC markets which traded bi-lateral, customised swap and

Posted in Capital Markets, Clearing & Settlement, Commodity Markets, Exchanges, Operations & Operational Efficiency 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

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