Reed Smith On Chain: Crypto and Digital Assets Group’s Post

The Depository Trust & Clearing Corporation (DTCC) issues new affirmation progress report and details post-trade best practices to achieve T+1 #usfintech #fintech #fintechnews #finance #technology #trading #affirmation

In order to achieve its idiosyncratic objectives, securities finance demands a comprehensive solution, different from those available in the outright markets it supports. Advanced technology for securities finance trading and trade life-cycle management, with interconnectivity, is essential for users, delivering efficiency and usable transparency where it is needed. Salvador Giglio, GLMX - Access, Automate, Analyze More on #finadium: https://lnkd.in/gB9fWD7z

This report offers an analysis of four models for client clearing of securities finance transactions: Eurex’s now-closed Lending CCP, The Depository Trust & Clearing Corporation (DTCC)’s NSCC SFT CCP, Cboe Clear Europe and a new rule change from the OCC. The report looks at commonalities and differences between the models and asks how CCPs can best encourage market adoption. The report concludes with ideas for calculators that can help traders make clearing decisions in real time on the basis that the math works in some cases, some of the time. More on #finadium: https://lnkd.in/g6cKnqTe

🗞 On August 19, 2024, the International Capital Market Association (ICMA) and the International Securities Lending Association (ISLA) jointly announced the release of the Digital Assets Annex. This new annex to the Global Master Repurchase Agreement (GMRA)* introduces a standardised framework and set of terms designed to facilitate the documentation of repo transactions involving digital assets. These include transactions collateralised by, or involving payment in, digital cash, digital securities—such as tokenised traditional securities—and asset-backed digital assets. * According to ICMA, the GMRA serves as the primary master agreement for cross-border repos worldwide and is also widely used in many domestic repo markets. Announcements: https://lnkd.in/eARk6Sr5 and https://lnkd.in/eVuPQax4.

This report offers an analysis of four models for client clearing of securities finance transactions: Eurex’s now-closed Lending CCP, The Depository Trust & Clearing Corporation (DTCC)’s NSCC SFT CCP, Cboe Clear Europe and a new rule change from the OCC. The report looks at commonalities and differences between the models and asks how CCPs can best encourage market adoption. The report concludes with ideas for calculators that can help traders make clearing decisions in real time on the basis that the math works in some cases, some of the time. More on #finadium: https://lnkd.in/gyDqx242

The Depository Trust & Clearing Corporation (DTCC) comments on Industry’s Affirmation progress, with T+1 implementation two months away #australianfintech #usfintech #fintech #fintechnews #finance #technology #financialtechnology #trading #settlements

Six months out to T+1 Settlement in the US : The Depository Trust & Clearing Corporation (DTCC) #usfintech #australianfintech #fintech #fintechnews #finance #technology #financialtechnology #trading #settlements #clearing

The Depository Trust & Clearing Corporation (DTCC) provides an update on the industry’s affirmation progress, with T+1 implementation one month away #usfintech #fintech #fintechnews #finance #technology #financialtechnology #tech #technews #trading #settlements

Yet more great coverage of our benchmark research on the cost of settlement failures - this time in Euromoney. https://lnkd.in/eRKe_KJ9 #posttrade #finreg #fintech

Six months out to T+1 Settlement in the US: The Depository Trust & Clearing Corporation (DTCC) #usfintech #fintech #fintechnews #finance #technology #financialtechnology #trading #settlements #clearing