鈥淪ettlements would be allowed to pair off daily against new activity, with NSCC calculating and processing price differential payment amounts that are created by the daily pair off and processed through DTCC,鈥 says Laura Klimpel
Over 300 of an estimated 330 counterparty groups, covered by Phase 5 of the Initial Margin (IM) rollout under the Uncleared Margin Rules (UMR), have been successfully onboarding to AcadiaPlus
All recognised securities lending associations, and other financial market associations with an interest in securities lending, are welcome to join the group, which will convene quarterly through virtual meetings
The International 麻豆传媒 Lending Association (ISLA) will be launching its ISLA Clause Library and Taxonomy during September. Today, it has published a step-by-step guide of how firms can integrate this into their daily working practices
Following the transaction, State Street will take over BBH鈥檚 Investor Services business, including its securities lending, custody, accounting, fund administration, global markets and technology services, for US $3.5 billion
Project Dunbar will develop prototypes for shared platforms supporting international settlement in central bank digital currencies. Testing will run with central banks in Australia, Malaysia, Singapore and South Africa