LCH’s Post

We will support Swift (LEI HB7FFAZI0OMZ8PP8OE26) and the securities industry in promoting the UTI alongside the LEI that it contains. I share Jonathan Ehrenfeld Solé’s view that both standards improve transparency and bring efficiency gains to the Securities industry. “We worked with about 50 financial institutions to think about what the best options are to be able to track end-to-end and both sides. We reviewed a number of candidates, but long story short, the best candidate was to use the UTI. This is because it is an ISO reference that is already used for regulations like SFTR. It contains the LEI, which makes it a perfect candidate to know who is the issuing party of the UTI. And it is already in a format that can be hosted in any message, whether that’s a Swift message or a FIX message or anything else, because it’s a string of characters for a unique reference that is already used. It’s not ambiguous. It’s unique to both sides of the transaction.” Jonathan Ehrenfeld Solé, Head of Strategy at Swift.

Proud to share that Nasdaq CSD has become the first European CSD to gain full connectivity to all T2S markets through Clearstream’s German central securities depository. This pioneering cooperation provides Nasdaq CSD’s participants with access to a large pool of European markets for securities settlement and asset servicing. More specifically: · Nasdaq CSD adopts Clearstream’s Investor CSD solution, granting Baltic banks direct access to all TARGET2-Securities (T2S) markets. · The partnership reduces cross-border settlement fees for foreign securities. · Nasdaq CSD is the first Central Securities Depository (CSD) in Europe to implement this service. #BalticMarket Clearstream #PostTrade #CMU

In the last quarter of 2024, Cboe Clear Europe (CCE) received regulatory approval for securities financing transaction (SFT) clearing. We speak with CCE’s Vikesh Patel, president and global head of Clearing, and Jan Treuren, senior director for Product, about the tailwinds for the service and its model for buy-side membership without the margin. Anna Reitman More on #finadium: https://lnkd.in/evetcwyZ

❓What are the key trends and challenges in the post trade space, particularly with the transition to T+1 settlement? ❓What are the operational risks and workflow challenges in post trade operations processes, particularly in asset classes like FX and Fixed Income? ❓How should firms adopt new technology infrastructure and upgrades to mitigate these risks and challenges? Pete Tomlinson, Director – Post Trade & Prime Services, AFME (Association for Financial Markets in Europe) will moderate this panel discussion on the evolution of post trade and harnessing innovation to drive transparency and workflow efficiencies, at TradingTech Summit London on 27th February. We'll also hear from Aneet Shah, SVP, Global Head Custody Product Development, State Street & Sachin Mohindra, Executive Director, Client & Market Solutions, Goldman Sachs. Register now: https://lnkd.in/gMDuQBE5 #TTSLDN #Tradingtech #tradingtechsummit #posttrade #innovation #transparency #workflows #T1settlement #FX

The UTI is driving a new level of transparency and efficiency across securities settlements If you’re interested in learning more about these innovations, this article is a must-read! Jonathan Ehrenfeld Solé #Securities #PostTrade #CapitalMarkets #Innovation #FinancialServices

🎉 Congratulations to CSD Prague (Central Securities Depository Prague) – a subsidiary of our group member Prague Stock Exchange – for becoming the first institution in the world to receive authorization under the European DLT (Distributed Ledger Technology) Pilot Regulation to operate a DLT settlement system!   This technology simplifies the securities recording and trade settlement process, which will be significantly contributing to the development of the capital market and enhancing the overall efficiency of securities management. #DLT #capitalmarket #stockexchange #CSD #finance

Thank you to everyone who attended our webinar: ETF Platforms in Europe – a Quick and Cost-Effective Route to New Markets. If you weren’t able to make it, watch our replay to learn about the ICAV infrastructure managed by HANetf using U.S. Bank for administration and custody. https://lnkd.in/g4FTyxMY

Fragmentation has long been a key challenge for European securities markets. Dirk Loscher, Head of Custody & Investor Solutions at #Clearstream, explains how our Investor-CSD solution supports the market in overcoming this issue. He also gives a glimpse into what’s next, including direct connectivity for Nasdaq CSD. Read more about how Nasdaq CSD uses our Investor-CSD solution here: https://lnkd.in/eySnW-9i 

The switch to next-day settlement will invite new operational challenges for funds that have securities with multiple settlement cycles in their holdings. Brian McCabe told Ignites that the shift, known as T+1, will take place May 28 and present new challenges for foreign-exposed ETFs. #ETF #assetmanagement #financialregulation

My latest for Finadium News & Opinion: We get a view on the plans for SFT clearing as regulators weigh models serving the buy-side.