Clearing and Settlement

New risk management territory for KDPW_CCP and GPW

Poland's clearing house KDPW_CCP and the Warsaw Stock Exchange (GPW) have opened access to the Risk Management Access (RMA) application for all entities clearing transactions on the exchange. They say the service facilitates risk management and improves the safety of trade in financial instruments on GPW.

Each clearing member and broker providing clearing services can directly define maximum limits on the value of orders placed by an exchange member whose trade it clears. The RMA application also features the Kill Switch functionality where placement of orders by an exchange member can be blocked and its existing orders on the order book can be cancelled.

The solution is based on the Direct Market Access functionality of the UTP trading system.

Clearing and Settlement

Russia's National Settlement Depository (NSD), the country’s central securities depository, says it has implemented back-to-back settlements technology for off-exchange DVP (delivery versus payment) transactions. Trading bank accounts and transactions may be in Russian rubles, US dollars, euro, or yuan.

Clearing and Settlement

Clearstream reports that the overall value of assets under custody held on behalf of customers registered an increase of 8 percent to EUR 13.2 trillion (compared to EUR 12.2 trillion in August 2014). 

Clearing and Settlement

Euroclear Bank has opened an account with Hong Kong’s Central Securities Depositary, the Central Moneymarkets Unit (CMU).

Clearing and Settlement

Eurex Clearing reports that it has admitted another major participant to EurexOTC Clear – the German Bund, represented by the Bundesrepublik Deutschland – Finanzagentur GmbH (the Federal Republic of Germany – Finance Agency).

 

Clearing and Settlement

Italy's Monte Titoli and its clients have successfully completed the migration to the European Central Bank’s Target2-Securities (T2S) platform, postponed to August 31 from June 22 when the first wave of implementation began, the London Stock Exchange Group (LSEG) reports.

Clearing and Settlement

The Johannesburg Stock Exchange (JSE), Africa's largest exchange, says it has officially launched JSE Eris Interest Rate Swap (IRS) Futures, based on the Johannesburg Interbank Agreed Rate (JIBAR) and denominated in South African Rand (ZAR).