settlement

Europe’s T+1 transition requires more preparation from financial firms, including infrastructure. Senior directors from BNP Paribas, Capco and DTCC explained why to FA, and how Asia has been adapting to the US transition.

The platform, HKEX Synapse, is aimed at adhering to mainland market’s T+0 settlement cycle and will begin testing in 2021 with pilot users for deployment targeted in first quarter of 2022.

HSBC has been appointed to settle US dollar trades in Hong Kong for another five-year period.

Continuous linked settlement (CLS) is a relatively new clearing system technique for Asian banks, as the original seven currencies, and hence participants, were largely European and North American.

Small and mid-tier banks begin to reduce FX settlement risk by using CLS Bank members'' third-party services

A real-time link between the HKMAÆs debt depository and Brussels-based Euroclear allows Asian investors to hold and settle global debt securities through their local accounts.

A new web-platform employed by BGI and engineered by JPMorgan measures and ranks the settlement efficiency of broker-dealers.

A leader in the provision of cash management services to financial institutions and companies in Asia, JPMorgan is at the forefront of the introduction of the global Continuous Linked Settlement (CLS) initiative.

Asian banks get a taste of Deutsche''s third party continuous linked settlement service called db-CLSLink.