DerivSource’s Post

[📆 Capital Markets' #Chronicle] 24 March 2000: Announcement of the merger between Sicovam and Euroclear. On this day 24 years ago, Sicovam (Société Interprofessionnelle pour la Compensation des Valeurs Mobilières, founded in 1949), the French central securities depository, and Euroclear announced their merger. With effect from 2001, Sicovam became Euroclear France, a wholly owned French subsidiary of Euroclear. Euroclear (based in Belgium), together with Clearstream (based in Luxembourg), is one of the two international Central Securities Depositories (CSDs) located in the European Union and used on the Eurobond market, alongside domestic CSDs such as Sicovam/Euroclear France. The core services provided by CSDs include (i) the initial recording of the securities in a book-entry system to ensure that the number of securities created is at all times equal to the total number of securities in circulation ("notary service"), (ii) providing and maintaining securities accounts at the top tier level, for example to process corporate actions such as interest payments ("central maintenance service") and (iii) operating a securities settlement system allowing for the settlement of securities transactions ("settlement service"). Central Securities Depositories (CSDs), together with Central Counterparties (CCPs), play an important role in maintaining the post-trade infrastructures that safeguard financial markets and provide market participants with confidence that securities transactions are executed in an orderly and timely manner. Due to their systemic importance for the functioning of securities markets, CSDs are notably regulated in the European Union by Regulation (EU) No. 909/2014 of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories (the Central Securities Depositary Regulation - CSDR).  Dematerialisation was introduced in France by Law No. 81-1160 of 30 December 30 1981 on the Finance Act of 1982, implemented by a decree of 2 May 1983 and entered into force on 3 November 1984. Since then, securities governed by French law have been fully dematerialized and title to securities in dematerialised bearer form (au porteur) is evidenced by book-entries (inscription en compte) in the books of authorised financial intermediary institutions (including Euroclear and Clearstream) entitled to hold accounts directly or indirectly on behalf of their customers with Euroclear France. #capitalmarkets #CSD #Euroclear

SIFMA and SIFMA AMG have released the 2024 Master Treasury Securities Clearing Agreement, addressing the SEC's new requirement for clearing a substantial portion of Treasury cash and repo markets by June 2026. Key points: - The agreement aims to streamline documentation needs for market participants. - It's the result of collaborative efforts between broker-dealers and asset managers. - This initiative supports market resilience and liquidity in the Treasury market. At CRC, we emphasize the importance of firms: 1. Identifying in-scope transactions 2. Planning clearing and margining processes 3. Determining Technology solutions 4. Establishing robust transition plans Stay ahead of this industry initiative with Compliance Risk Concepts (CRC)! We're here to guide you through this evolving regulatory change, providing strategic operations, technology solutions, and business execution services to manage your project. Click below to read more: 🔗 https://lnkd.in/eqyM4kHC #TreasuryMarket #FinancialRegulation #SECCompliance #SIFMAUpdate #RiskManagement #FinTech #ClearingAgreement #MarketLiquidity #ComplianceStrategy #FinancialServices

Donia Rouigueb speaks to Bob Currie of Securities Finance Times about the expansion of CACEIS' securities finance coverage to new locations and user communities. ---> https://lnkd.in/eA77ZXVp Market participants reflect on the postponement of the ECB’s Eurosystem Collateral Management System. Carmella Haswell reports. An expert view on securities lending in Mexico Irais Vargas Salinas, from GBM, discusses with Justin J. Lawson the expansion of securities lending opportunities in the Mexican market. Major moves at Deutsche Börse, Citi, International Securities Lending Association (ISLA) and Pirum.

I often get the question - What is the best stock for long-term investment? It's difficult to pinpoint specific stocks when bought without considering the risk. ETF's, specifically the strategy ETF's are the best solution. It has inbuilt Risk Management through diversification and stock selection mechanism. They can be held for long-term/perpetuity and is suitable for lumpsum, SIP, and amazing product for averaging during market downturn. Just check for fund managing at low tracking error and low cost. My personal preference include Momentum, Value, and Alpha. Check out below link for list of ETF's traded on NSE. https://lnkd.in/gWD2V6Mu #InvestmentStrategy #ETFs #LongTermGrowth #FinancialPlanning #MarketInsights #SIP #ValueInvesting #MomentumInvesting #AlphaInvesting #RiskManagement

Accurate and meaningful Transaction Cost Analysis (TCA) has become an increasingly essential requirement for buy-side firms today, not only to satisfy regulatory requirements around best execution but to also optimise costs, manage risks and improve performance and execution quality when trading. From its simple post-trade origins in the equities space, the scope of TCA has now evolved to cover the entire trade lifecycle and is now being used across multiple asset classes. LSEG TORA’s advanced TCA helps buy-side firms to meet regulatory requirements around best execution and helps them to make better use of data across the trading lifecycle. Find out more about our OEMS and TCA: https://lnkd.in/dTUP8tbE

Nasdaq CSD in the Baltics has become the first European CSD to gain full connectivity to all T2S markets through Clearstream’s German central securities depository. This groundbreaking partnership provides Nasdaq CSD’s participants with access to a vast pool of European markets for securities settlement and asset servicing. This is a step towards the vision of EU’s Capital Markets Union (CMU) to create a single market and ensure that investments and savings flow freely across the EU. #EU #CMU

The #identification of #OTC #derivatives in #regulatory #reporting and #transparency / #CTP with modified #ISIN is of importance for the #buyside in order to streamline reporting processes, create #efficiency, and reduce #cost. Please join this webinar to hear the news directly from the #mouth of the #horse. Sassan Danesh Susan Yavari Felix Ertl Myriam Dana -Thomä

Accurate and meaningful Transaction Cost Analysis (TCA) has become an increasingly essential requirement for buy-side firms today, not only to satisfy regulatory requirements around best execution but to also optimise costs, manage risks and improve performance and execution quality when trading. From its simple post-trade origins in the equities space, the scope of TCA has now evolved to cover the entire trade lifecycle and is now being used across multiple asset classes. LSEG TORA’s advanced TCA helps buy-side firms to meet regulatory requirements around best execution and helps them to make better use of data across the trading lifecycle. Find out more about our OEMS and TCA: https://lnkd.in/e3ek6twC

Framework for providing flexibility to Foreign Portfolio Investors (FPIs) in dealing with their securities post expiry of their registration #SEBI #investors #stockmarket #UpdateNews

Accurate and meaningful Transaction Cost Analysis (TCA) has become an increasingly essential requirement for buy-side firms today, not only to satisfy regulatory requirements around best execution but to also optimise costs, manage risks and improve performance and execution quality when trading. From its simple post-trade origins in the equities space, the scope of TCA has now evolved to cover the entire trade lifecycle and is now being used across multiple asset classes. LSEG TORA’s advanced TCA helps buy-side firms to meet regulatory requirements around best execution and helps them to make better use of data across the trading lifecycle. Find out more about our OEMS and TCA: https://lnkd.in/e62tB6Q7