International Securities Settlements and Custodial Services Program in London

  Register for a practical 2 day International Securities Settlements & Custodial Services course in London – 7-8 of July 2014. This 2 day training program is designed to provide delegates with practical  knowledge about the key concepts, systems, processes and procedures in international securities settlement and custodial services as well as operational risks involved.   […]

Clearstream and DCCC cooperation on collateral management for CCP margining

By: SecuritiesLendingTimes Clearstream’s global liquidity hub has its first Middle Eastern central counterparty (CCP) link. The Dubai Commodities Clearing Corporation (DCCC), which is the CCP of the Dubai Gold & Commodities Exchange, has agreed to cooperate on collateral management for CCP margining. By the end of the first quarter of 2014, Dubai’s exchange customers will be […]

International Payments Market Trends Overview

  Warning over clearing-contagion risks At the recent Sibos conference in Dubai, delegates raised concerns over the risks associated with the collapse of a major clearing house.  The general sentiment expressed was that international regulators had yet to get to grips with the potential domino effect should a clearing house fail.  Catalyst consultant, Christian Lee, […]

The scope and structure of Transaction Banking

Transaction Banking function differs from bank to bank, so what is the ideal structure of a transaction banking unit and how one define its function ? Follow this interesting discussion on the scope and challenges of transaction banking worldwide. “Transaction banking mainly operates behind the scenes and caters to treasury functions. In the broadest definition, […]

The risks involved in securities settlement and custodial services

Court verdict on Wells Fargo’s securities lending programme A federal court jury in Minnesota has rejected an $8.2m claim by Blue Cross Blue Shield of Minnesota and other institutional investors that Wells Fargo & Co misrepresented a securities lending programme as safe.  Under the program, Wells Fargo held its clients’ securities in custodial accounts and […]

Boost to the Triparty Repo Settlement Interoperability

The ICMA European Repo Council has signed a memorandum of understanding with Clearstream, Euroclear and Eurex Clearing, which engages those providers in a joint project focusing on increasing the efficiency of the repo market. Through this agreement Eurex Clearing will be able to extend the connected settlement locations for its secured market pooling with Clearstream to […]

EU policy makers are closer to agree on securities settlement rules

European policy makers are increasingly confident that regulations for Europe’s €800tn securities settlement market will be finalised and passed into law by the end of the year. The new rules governing region’s central securities depositories aim at creating better competition between national entities and cut cross-border settlement costs. The ECB is planning to make operational the Target2Securities (T2S), […]

The key steps in clearing and settlement of the securities trade

By Stanley Epstein We have all been concerned these past few years about the ongoing financial crisis which erupted so suddenly and devastatingly in the middle of 2008. Much concern has been expressed regarding maintaining financial stability. One of the many ways of doing this is by strengthening the financial infrastructure, both at a domestic […]

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