The development will provide a service for European SFT transactions in cash equities and ETFs, including central clearing, settlement and post-trade lifecycle management.
Migration aligns with the UK’s proposed switch, with ESMA pointing to the efficiency and resiliency benefits of the move.
AccessFintech's head of client experience, Pardeep Cassells, discusses the UK’s unique challenges in transitioning to T+1 settlement, emphasising the need for automation and regional coordination to mitigate operational risks.
In a newly released T+1 post-implementation report, CCMA reflects on the project’s successes, lessons learned, and areas for future improvement in securities settlement within Canada.
The lead for the UK’s move to a shortened settlement cycle highlights how getting a higher rate of trades settling on a T+1 basis prior to the official transition could make the migration much easier for participants.
Paris Europlace united banks and asset managers to support the initiative issued by Caisse des Dépôts et Consignations (CDC), facilitated by Euroclear, with BNP Paribas’ securities services as issuing agent.
CSD Prague has selected R3’s Corda platform to support its initiatives under the European DLT Pilot Regime.
The collaboration between Citi and Fidelity International is part of the Monetary Authority of Singapore's Project Guardian, which aims to enhance liquidity and efficiency in financial markets through asset tokenisation.
The T+1 transition in the US was successful due to extensive client engagement and testing, despite initial complexities, says Danny Green, head of international post-trade at Broadridge. However, securities lending and FX costs have increased, highlighting areas that need further automation and focus.
A statement from ESMA comes a day after Task Force recommendations, claiming a coordinated approach across Europe is “desirable” while stressing the urgency in avoiding prolonging the negative impacts of settlement misalignment.