Oslo Bors Frequently asked Questions
|
|
- Walter Matthews
- 8 years ago
- Views:
Transcription
1 Oslo Bors Frequently asked Questions SCOPE & BACKGROUND SB1. What is the expected go-live date? Expected launch Quarter 3, 2013 subject to regulatory approval SB2. What does the flow look like? Who are my contacts Oslo Bors, Lene M. Refvik Tel: LCH.Clearnet Ltd, Ian Mackenzie Tel: SB3. Which securities are included? All Oslo Bors tradeable securities SB4. Where will the trades settle? Settlement will take place in the local CSD, for Oslo Bors trades settlement is in VPS 1
2 SETTLEMENT S1. Is LCH.Clearnet using a settlement agent? Yes, Citibank is our settlement agent and will process all settlements within the relevant CSD. S2. Do settlement agents need to sign new Power of Attorney agreements? PoA will not be necessary for this business. Members or their settlement agents will be required to match against our settlement instructions in VPS. S3. Which settlement accounts will LCH.Clearnet be using? We will be using segregated settlement account that is operated by our agent. S4. What time will settlement instructions be sent? Net settlement instructions will be sent at the EOD, at approx 21:30 (GMT). Members should be aware that we make best efforts to produce the subsequent reports thereafter, but they could be subject to delay. S5. Can a trading firm use multiple Clearing Members? Yes, the static data would need to reflect the use of more than one Clearing Member. If a trading firm has multiple Bic s then multiple Clearing Members can be used. S6. Can a trading firm use multiple custodians for settlement? Yes, the static data would need to reflect the use of custodians. Provided the static data contains valid settlement accounts within the different CSD. S7. Who is counterparty to my trade? LCH.Clearnet Ltd will be the counterparty to all relevant trades executed on the Oslo Bors trading platform. RECEIVING DATA FROM LCH.Clearnet R1. How will GCM s receive details of the trades done by their NCM s? There are several ways this data can be accessed. 1. LCH.Clearnet produces reports on its member reporting website which are updated every 30 minutes and show the accumulation of trades that day, per clearing member These reports have existed for some time and are detailed in the document Member Report LCH.Clearnet also offers an optional trade confirmation service. This will be on a gross trade basis and an MT518 message will be sent per trade via Swift or FIX to clearing member upon request. Details can also be found under on the LCH.Clearnet website. R2. Can anyone other than Clearing Members access the member reports? Normally no, however, upon specific request, this can be negotiated. 2
3 FEES & CHARGES F1. What are the charges for using the trade confirmation service? We will pass through the SWIFT message charges. This can be paid by LCH.Clearnet and billed directly to the member, or, reverse billed (as the member s message rate at SWIFT will inevitably be lower). FIX messages will be through existing connectivity and maybe subject to set-up costs. F2. What clearing fees will be charged by LCH.Clearnet? These Oslo Bors volumes will be cumulative with all volumes cleared through the EquityClear Service. With increased volumes members can reduce their, per unit cost. For full details please view: There may be a small per trade surcharge, we will advise in due course. F3. Will LCH.Clearnet require members to increase their Default Fund contribution? No. F4. Will LCH.Clearnet pass through associated settlement fees? Yes. Please use the following link to view the fee schedule that is available on the website. MARGINING & TREASURY M1. How will margining be carried out? Margin rates per stock will be determined by LCH.Clearnet s risk department and then will be margined using the day to day EquityClear margin algorithm ERA. Margining of Oslo Bors business will operate in the same way as for all EquityClear business. Securities allocated to the same portfolio margin bucket get complete correlation benefits within the ERA algorithm. M2. How are margin calls instructed and what currencies can be paid? Margin rates per stock will be determined by our risk department and then will be margined using ERA, so margining of this business will operate in the same way as for all EquityClear business. All securities within the ERA algorithm have complete correlation. M2. How are margin calls instructed and what currencies can be paid? If a member is uncovered following an intra-day margin run, they will be contacted by Treasury Operations by phone and advised of the additional amount that they will be required to pay. Before 2:30pm UK time, members can elect to cover ITD margin calls in EUR, GBP or USD. After 2:30pm the only acceptable currency is USD. Debit instructions are then sent to the member s PPS bank and the margin call must be confirmed by that bank within 1 hour. The member should check Banking REP00033 for written confirmation of the amount taken. This report is generally updated within 45 minutes of a margin call being processed. Overnight calls are sent to the member s PPS bank during the night and must be confirmed by the bank by 9:00am. Members should review their LCH Banking reports for confirmation. 3
4 M3. What interest is paid on cash margin and Collateral charges? On cash, we pay Sonia minus 30bps. On collateral, we charge an accommodation fee of 10 bps for the utilised collateral balance. The charge is applied in the currency of the liability covered. DOCUMENTATION D1. Will I require a new static data form or can I use existing set-up? EquityClear members can continue with existing relationships but will be required to complete a new Oslo Bors static data form. D2. How will I provide information to LCH.Clearnet for opting into this service? EquityClear members should contact us to confirm their interest in this service. We will advise the necessary documents to be completed and they will be sent to you for completion. D3. Will I need to fill in a form for testing? If you wish to test then, yes, a form will be sent to you. This needs to be completed and returned. D4. Will there be a new NCM/GCM/LCH.Clearnet agreement? No, if already in place, it will be covered by existing relationships. D5. What is the process for offering clearing services or self clearing? Those wishing to use LCH.Clearnet as a new member will be required to complete the new membership pack and associated documents. Part of the Criteria for Clearing Members ICM Capitalisation of 5m GCM Capitalisation of 10m For further LCH.Clearnet Limited membership information please use the following link. TESTING T1. Does LCH.Clearnet provide or indeed mandate member testing? We offer to our members the opportunity to test. This is entirely optional and is up to the member whether they wish to utilise this. Currently scheduled for 15 to 26 April. T2. Will member testing involve LCH.Clearnet s settlement agent? No, testing is envisaged to demonstrate to clearing members that trades will be received by EquityClear from Oslo Bors and the relevant reports produced, thus enabling members to have sufficient information to facilitate settlement instructions in the CSD. 4
5 OPERATIONAL OP1. How will buy-ins be handled? As per our standard buy-in procedures, under 2D OP2. Is netting available, is it mandatory and how does it work? We will mandate netting for this LSE business, where trade date netting (TDN) and various aggregation options are offered. At end of day, once the gross trade reconciliation with the LSE has completed, the day s gross trades flagged for netting will be netted and instructed to the relevant CSD. TECHNOLOGY / FILE CONTENT TF1. What trade source/ MIC will be used? For real time trade confirmations and member reports the trade source ID will be OSLO TF2. Is the TradeSrcRef in EREP0006 equal to the Oslo Bors reference? Yes TF3. What values will we receive in TradeType field? All Oslo Bors trades will be of type TRAD TF4. Will we be notified of Cancellations? Yes. TF5. What trade source information can I expect to see within EREP0006? Members that choose to use the service will access our EquityClear reports. The Oslo Bors data will be additional information and there will be no change to the existing reports. TF6. Where can I obtain my netted transactions/positions? The net settlements are generated at end of day are listed in Member Report EREP0005 Netting Net Trades for Settlement. TF7. Will the settlement instruction reference appear on the MT518 message? No, there s no settlement information on the MT518 trade confirmation. The Trade Source reference will appear in the COMM field. TF8. Will LCH.Clearnet provide the settlement Instruction reference? LCH.Clearnet will provide its settlement instructions in reports EREP0005. On the instructions from LCH.Clearnet, it s the SEME reference On the message back from CSDs, it s the RELA reference. 5
6 FT9. FILE FORMATS MT518 Swift confirmation messages 1:F01TESTBIC1X }{2:I518LCHLGB2EAVTXN} {3:{108:LCHECLBFGB050231}} {4: :16R:GENL :20C::SEME//IBBBD :23G:NEWM :22F::TRTR/LCHL/TRAD :16R:LINK :20C::COMM//TEST7777 :16S:LINK :16S:GENL :16R:CONFDET :98A::TRAD// :98A::SETT// :90B::DEAL//ACTU/EUR4, :94B::TRAD//EXCH/XOSL :19A::SETT//EUR8000, :22H::BUSE//SELL :22H::PAYM//APMT :16R:CONFPRTY :95R::SELL/LCHL/TESTBIC1XXX :22F::TRCA//PRIN :20C::PROC//TEST7777 :70C::PACO//SGCA/AAAH :16S:CONFPRTY :16R:CONFPRTY :95R::BUYR/LCHL/LCHLGB2E :22F::TRCA//PRIN :16S:CONFPRTY :36B::CONF//UNIT/2000, :35B:ISIN CH :16S:CONFDET -} 6
7 Appendix 1 CSD Codes for member reporting CSD Code EUBE XCVM EUFR EUNE OEKO MOTI APKE VPSN DAKV VPDK CRES CRST SCLV VPCS ECLR SCOM CHES CCAS JSDC CSD DESCRIPTION Indirect / Eclr BE Indirect / Interbolsa PT Indirect / Eclr FR Indirect / Eclr NL Indirect / OEKO AT Indirect / Monte Titoli IT Indirect / NCSD FI Indirect / VPS NO Indirect / Clearstream DE Indirect / VPS DK Indirect / Crest Direst / Crest Indirect / SCLV ES Indirect / NCSD SE Direct / Eclr Bank Direct / SIS Indirect / Australia Indirect / Hong Kong Indirect / Japan The settlement CSD code for UK & Irish settlements for any MTF or Exchange where we do not use direct input will be CRES as per our reports. This is where we perform netting and send a net settlement instruction to our agent into Crest/EUI for members or settlement agents to match. The settlement CSD code for UK & Irish settlements for any other MTF or Exchange where direct input is used will be and is CRST, whereby gross trades are sent to Crest/EUI to perform netting. LCH.Clearnet does not report LSE Sets business. This information is available directly from Crest/EUI. 7
SIX Swiss Exchange FaQ s
SIX Swiss Exchange FaQ s SCOPE & BACKGROUND SB1. What is the go-live date? The additional ISIN s made available by Liquidnet is expect to commence from April 2011 SB2. What does the flow look like? Who
More informationCentrally Cleared CFDs (cccfd) Frequently Asked Questions LCH.Clearnet/Chi-X CFD clearing service
Centrally Cleared CFDs (cccfd) Frequently Asked Questions LCH.Clearnet/Chi-X CFD clearing service Scope & Background SB1. What is the go-live date? The target go-live is third quarter 2010. SB2. Which
More informationEquityClear OTC CFD Model Service Description
EquityClear OTC CFD Model Service Description Not for distribution Issued : 30/10/2013 Table of Contents 1. INTRODUCTION...4 1.1 Service overview - execution...4 1.2 Readership...5 2. SERVICE OVERVIEW...6
More informationEquityClear Service Description Cash Equities. Version subject to EMIR reauthorisation
EquityClear Service Description Cash Equities Version subject to EMIR reauthorisation www.lchclearnet.com Issued : 27/11/2013 For any questions regarding the EquityClear service please contact: Ian Mackenzie
More informationUser Guide SIX x-clear Ltd
xcl-717 January 2016 Table of contents 1.0 Guidelines for completing Form 002 and its annexes 3 2.0 Static data forms 3 3.0 Guidelines for completing Form 002 3 4.0 Guidelines for completing Form 002C
More informationEquityClear Service Description Cash Equities
EquityClear Service Description Cash Equities www.lchclearnet.com Issued : 23/10/2014 For any questions regarding the EquityClear service please contact: Ian Mackenzie Client Relationship Manager, EquityClear
More informationService Overview 1 June 2012
Service Overview 1 June 2012 Contents 1.0 Preface 3 1.1 About European Central Counterparty Limited 3 2.0 Introduction 4 2.1 About European Central Counterparty Limited 4 2.2 Benefits of participation
More informationChanges to the Protected Payments System (PPS) Currency holiday processing & Day 1 Currencies
Changes to the Protected Payments System (PPS) Currency holiday processing & Day 1 Currencies March 2016 The copyright in this work is vested in LCH.Clearnet Ltd and is issued in confidence for the purpose
More informationExchange Specific General Terms and Conditions of Business concerning SIX Swiss Exchange Ltd
Exchange Specific General Terms and Conditions of Business concerning SIX Swiss Exchange Ltd Exchange Specific GTCB SIX Swiss Exchange November 2009 1 15 Table of contents 1 Scope 3 2 Definitions 3 3 Securities
More informationService Description SIX x-clear Ltd Norwegian branch
xcl-n-805 May 205 Table of contents.0 Introduction 4. SIX x-clear Ltd 4.2 What is a CCP? 4.3 Products accepted for clearing 5 2.0 Business model 5 2. Products life cycle 6 2.2 Participants and their roles
More informationService & Technical Description
Service & Technical Description New Trading Service for ETFs - Euroclear Bank Settlement Version 1.3 4 November 2013 1. Introduction...5 1.1. Purpose... 5 1.2. Readership... 5 1.3.Overview of new Trading
More informationBVI Securities Transaction Standards
BVI Securities Transaction Standards Bundesverband Investment und Asset Management e.v. External Business Communication of Investment Management Institutions 15. Mai 2007 Version 1.0 Content 1 Introduction...
More informationEuropean Short Selling Regulation: Article 15, Buy-in procedures. Frequently Asked Questions
European Short Selling Regulation: Article 15, Buy-in procedures Frequently Asked Questions Please see below a series of questions and answers containing information that will help clearing members better
More informationMT messages from the CCP (Oslo Clearing) Version 2.0
MT messages from the CCP (Oslo Clearing) Version 2.0 Oslo Clearing will send MT518, real time throughout the day as the trades from the Oslo Stock Exchange have been received and entered into the Clearing
More informationT2S Direct: A Swiss solution to an international challenge April 4th, 2014. Christophe Lapaire T2S Program Director
T2S Direct: A Swiss solution to an international challenge Christophe Lapaire T2S Program Director Agenda T2S Direct: The SIX Securities Services approach T2S access models T2S account structure T2S settlement
More informationTARGET2-Securities. Frequently Asked Questions. March 2015
March 2015 Table of contents 1.0 General questions on T2S 4 1.1 What is T2S? 4 1.2 Which currencies are eligible in T2S? 4 1.3 Which instruments are eligible in T2S? 4 1.4 What are the migration wave dates?
More informationService & Technical Description
Service & Technical Description Introduction of new currencies within Trading Service for ETFs - Euroclear Bank settlement Version 1.1 1. Introduction...5 1.1. Purpose... 5 1.2. Readership... 5 1.3. Overview
More informationHow To Set Up An Account At Lch.Clearnet
LCH.Clearnet Account Structures under EMIR for LCH.Clearnet Limited & SA SUBJECT TO REGULATORY APPROVAL Version 2 Last updated 28/01/2014 Introduction The way in which CCPs manage members and clients assets
More informationNasdaq Dubai Operating Procedures Clearing, Settlement and Risk management for securities. For more information. nasdaqdubai.com
Nasdaq Dubai Operating Procedures Clearing, Settlement and Risk management for securities For more information Nasdaq Dubai Ltd Level 7 The Exchange Building No 5 DIFC PO Box 53536 Dubai UAE +971 4 305
More informationJuly 2001. Central Counterparty for Equities Settlement Netting. Service Outline
July 2001 Central Counterparty for Equities Settlement Netting Service Outline Important note Recipients should not construe the contents of this document as investment, tax or legal advice and each recipient
More informationClearing Terms SIX x-clear Ltd for SIX Swiss Exchange Ltd
Clearing Terms SIX x-clear Ltd for SIX Swiss Exchange Ltd December 2008 Table of contents 1 Purpose of the Clearing Terms 3 2 List of Securities eligible for Clearing 3 3 Technical and operational specifications
More informationPlease respond to: Relationship Management lmeclearing@lme.com. Onboarding to LME Clear
Please respond to: Relationship Management lmeclearing@lme.com Onboarding to LME Clear Contents 1 Introduction 3 2 Onboarding Steps 3 3 Clearing Member Requirements 3 4 Documentation Required 4 5 Project
More informationREGULATION FEES AND PENALTIES
REGULATION pursuant to articles 2.2.1, 2.2.3, 3.13.3 and 3.14.1 of the Clearing Rule Book FEES AND PENALTIES Capitalised terms used in this Regulation, and not otherwise defined, shall have the meaning
More informationBlock/Bulk Trade Settlement Market Practice
Block/Bulk Trade Settlement Market Practice Disclaimer The Securities Market Practice Group is a group of experts who devote their time on a voluntary basis to define global and local market practices
More informationSecurities Settlement System Cash - iesecuri
Securities Settlement System Cash - iesecuri April 2010 NBB-SSS SETTLEMENT BANKS TESTING GUIDE FOR TARGET2 DIRECT PARTICIPANT 1. 1. INTRODUCTION The Ancillary System NBB-SSS (National Bank of Belgium -
More informationUser Guide SIX x-clear Ltd
xcl-715 January 2016 Table of contents 1.0 Market overview 3 2.0 Settlement guide 3 2.1 Settlement process 3 2.2 Handling of unmatched trades 4 2.3 Handling of unsettled trades 4 2.4 Transaction splitting
More informationOverview of CSD links in Europe
26 January 2015 Overview of CSD links in Europe Executive Summary A "CSD link" is an arrangement allowing a central securities depository to give its clients access to securities maintained in another
More informationRules and Regulations SIX x-clear Ltd
Valid as of 1 November 2014 September 2014 Table of contents 1.0 Pricing SIX x-clear Ltd 3 1.1 Collection of Charges 3 2.0 CCP Clearing Services 3 2.1 Membership Fees 3 2.2 Clearing Fees Cash Products
More informationService Description SIX x-clear Ltd
xcl-803 May 2015 Table of contents 1.0 Introduction 5 1.1 Scope of the document 5 2.0 Concept of the Central Counterparty CCP 5 2.1 Clearing 5 2.2 Clearing and settlement model 6 2.3 SIX x-clear as a Central
More informationCONSULTATION PAPER MARCH 2010. Corporate Actions Processing on the International Order Book
CONSULTATION PAPER MARCH 2010 Corporate Actions Processing on the International Order Book Contents 1 Introduction... 3 1.1 Purpose of this document...3 1.2 Readership...4 1.3 Contact details...4 2 Corporate
More informationT2S: Settling without borders in Europe
T2S: Settling without borders in Europe London School of Economics London, March 24 2014 Pierre Beck Vice-Chairman of the T2S-Board 0 1 Table of Contents T2S: Settling without borders in Europe 1 2 3 Purpose
More informationCentral counterparty for equities
Central counterparty for equities Service implementation guide (Phase 1) September 2000 Project contacts CRESTCo www.crestco.co.uk Relationship Managers: Wholesale Markets Warren Alsop Tel: 020 7849 0029
More informationAssessment of Monte Titoli s observance of the ESCB-CESR Recommendations for Securities Settlement Systems
Assessment of Monte Titoli s observance of the ESCB-CESR Recommendations for Securities Settlement Systems Premise Monte Titoli is Italy s central securities depository (CSD). It manages the securities
More informationT2S Direct: The Swiss solution to an international challenge
T2S Direct: The Swiss solution to an international challenge The content of this presentation is prepared for general information purposes only and intended for the confidential use of the person addressed.
More informationService Description SIX x-clear Ltd
xcl-800 May 2015 Table of contents 1.0 Introduction 5 1.1 Scope of the document 5 2.0 Concept of the Central Counterparty (CCP) 5 2.1 Clearing 5 2.2 Clearing model for trades executed on SIX Swiss Exchange
More informationRules and Regulations SIX x-clear Ltd
Valid as of 1 June 2015 June 2015 Table of contents 1.0 Basis for the pricing model and invoicing 3 1.1 General 3 1.2 Rebate models (individual service level) 3 1.3 Cross-rebate (additional rebate) 4 2.0
More informationCentral counterparty for SETS. Service outline
Central counterparty for SETS Service outline March 2000 Important note Recipients should not construe the contents of this document as investment, tax or legal advice and each recipient is urged to consult
More information0 LCH.CLEARNET. Explanation and Analysis. Part II: Description of Rule Changes. Part Ill: Core Principle Compliance VIA EMAIL TO: SUBMISSIONS@CFTC.
0 LCH.CLEARNET VIA EMAIL TO: SUBMISSIONS@CFTC.GOV February 4, 2014 Ms. Melissa Jurgens Commodity Futures Trading Commission 1155 21st Street NW Three Lafayette Centre Washington DC 20581 Dear Ms. Jurgens,
More informationIn depth A look at current financial reporting issues
In depth A look at current financial reporting issues inform.pwc.com July 2014 No. INT2014-03 What s inside: Background 1 Summary of questions 2 Detailed questions 3 Offsetting financial instruments for
More informationGetting ready to trade commodities. Q&A Guide
Getting ready to trade commodities - Q&A Guide Background... 3 Summary of preparations to trade Commodities... 3 Market Access... 4 Clearing Models... 5 IT... 8 Connectivity... 8 Testing... 8 Trading...
More informationT2S PROJECT Cross Border Settlement. Version 2.2
T2S PROJECT Cross Border Settlement Version 2.2 1 Contents 2 Document Management... 4 2.1 Document Distribution... 4 2.2 Document History... 4 2.3 Open Issues... 4 2.4 Definition, Acronyms and Abbreviations...
More informationFrontLine SIX x-clear Ltd
1.0 Overview SIX x-clear offers a new service for OTC cash equity clearing of Traiana transactions SIX x-clear Ltd has launched OTC cash equity clearing services for Traiana, Inc. Members that enrol for
More informationFee List. Trading Appendix 7 / Clearing Appendix 7. Commodity Derivatives. Issued by NASDAQ OMX OSLO ASA and NASDAQ OMX CLEARING AB
Trading Appendix 7 / Clearing Appendix 7 Fee List Commodity Derivatives Issued by NASDAQ OMX OSLO ASA and NASDAQ OMX CLEARING AB Effective date: 241 JanuaryNovember 20154 FEE LIST 1 GENERAL The Fee List
More informationCSD Member s Profile Organization Name: Country/ Region: Name of CEO: Capital (US$): Number of Officers and Employees: Ownership and Governance :
Member s Profile Organization Name: Euroclear Sweden AB Country/ Region: Sweden Name of CEO: Yannic Weber Capital (US$): million 34,5 Number of Officers and Employees: 67 Ownership and Governance : Euroclear
More informationNASDAQ DUBAI OPERATING PROCEDURES. Clearing, Settlement and Risk management for securities May 2013 Ver. 1.71
NASDAQ DUBAI OPERATING PROCEDURES Clearing, Settlement and Risk management for securities May 2013 Ver. 1.71 CONTENTS 1. Introduction... 3 1.1 Scope... 3 1.2 Additional Documentation... 3 1.3 NASDAQ Dubai
More informationICE Clear ECS User Guide
ICE Clear ECS User Guide Version 7.2 10 September 2014 This material may not be reproduced or redistributed in whole or in part without the express, prior written consent of IntercontinentalExchange, Inc.
More informationCLEARING EQUIDUCT Service Offer. 14 April 2008
CLEARING EQUIDUCT Service Offer 14 April 2008 Disclaimer This document is solely intended as information for clearing members and others who are interested in the Equiduct s project. It is a commercial
More informationMATCHING AND SETTLEMENT Standards (ISO15022) SLOVENIA Market Practice
MATCHING AND SETTLEMENT Standards (ISO15022) SLOVENIA Market Practice Date: May 2012 Update date: - Update. Impl. date: - Author: SI NMPG - 1 - 1 INTRODUCTION... 4 1.1 PURPOSE... 4 1.2 AUDIENCE... 4 1.3
More informationReform of the Registry, Clearing and Settlement System
Reform of the Registry, Clearing and Settlement System 24 September 2014 CONTENTS 0. INTRODUCTION I. MAIN CHANGES INTRODUCED BY THE REFORM II. CENTRAL COUNTERPARTY (CCP) FOR EQUITIES 1. INTRODUCTION 1.1.
More informationRules and Regulations SIX x-clear Ltd
xcl-501 December 2015 Table of contents 1.0 Purpose of the Clearing Terms 4 2.0 List of Securities eligible for Clearing 4 2.1 Grey Market Stocks 4 3.0 Technical and operational specifications 4 4.0 Formation
More informationReform of the Registry, Clearing and Settlement System
Reform of the Registry, Clearing and Settlement System 13 May 2013 CONTENTS 0. INTRODUCTION I. MAIN CHANGES INTRODUCED BY THE REFORM II. CENTRAL COUNTERPARTY (CCP) FOR EQUITIES 1. INTRODUCTION 1.1. Integration
More informationTransfer of Assets Form For use for account transfers from non-us brokers and banks
Transfer of Assets Form For use for account transfers from non-us brokers and banks This form authorizes the transfer of assets from a bank or broker to Interactive Brokers. If you are transferring more
More informationCONSULTATION PAPER ON INTRODUCING MANDATORY CLEARING AND EXPANDING MANADATORY REPORTING
Financial Stability Surveillance Division Hong Kong Monetary Authority 55/F Two International Finance Centre 8 Finance Street, Central Hong Kong Supervision of Markets Division The Securities and Futures
More informationPricing Schedule for Exchange Traded Derivatives Clearing Services on EU CCPs
Pricing Schedule for Exchange Traded Derivatives Clearing Services on EU CCPs 1. Introduction The European Regulation on OTC Derivatives, Central Counterparties and Trade Repositories ( EMIR ) will impose
More informationSecurities Settlement System Cash - iesecuri
Securities Settlement System Cash - iesecuri January 2008 1 TABLE OF CONTENTS 1 Table of contents...1 2 Introduction...2 3 Corporate action...3 3.1 SWIFT...3 3.2 Wirow Fin' Markets...4 4 Trade/DVP...5
More informationBuy-in Procedure and Guideline
Buy-in Procedure and Guideline Nasdaq Nordic Member Rules 1.6 May 4, 2015 1(17) Table of contents Introduction... 3 References... 3 Change to the Buy-in Procedure and Guideline... 3 General Procedure and
More informationUser Guide SIX x-clear Ltd
June 2011 Table of contents 1.0 Market overview 3 2.0 Settlement guide 3 2.1 Settlement process 3 2.2 Handling of unmatched trades 3 2.3 Handling of unsettled trades 3 2.4 Specialities 3 3.0 Income and
More information9. MARGIN REQUIREMENT
9. 9.1 Marginable Position SEOCH requires margin for open option positions and pending stock positions. This is calculated and collected, where necessary, on a daily basis using routine procedures which
More informationAccount structure. OTC and onexchange. settlement flows. Settlement
Account structure. OTC and onexchange settlement flows Settlement Nominee securities accounts structure according to the new Clearing Law Required by legislation Always should be opened but could have
More informationTransfer of Assets Form For use for account transfers from non-us brokers and banks
Transfer of Assets Form For use for account transfers from non-us brokers and banks This form authorizes the transfer of assets from a bank or broker to Interactive Brokers. If you are transferring more
More informationForm. Account Disclosure Document for Licensed Corporation
Form (Made for the purposes of compliance with the requirements of section 156(1) of the Securities and Futures Ordinance (Cap.571) as amplified in section 3(1) of the Securities and Futures (Accounts
More informationEvolution Strategy. Evolution Highlights. Chryson Evolution Strategy & Performance 2012-2013
Evolution Strategy Chryson Evolution Strategy & Performance 20-20 Evolution Highlights Trading with defined strategy Trade CFDs only in FTSE 100 companies Utilising short and long positions Due to the
More informationECAP / ATSG. Personal Trading Account Application Form. Where did you hear about us? 1. Trading Platform. Online Forums Please specify:
Personal Trading Account Application Form ECAP / ATSG 1. Trading Platform Where did you hear about us? X MetaTrader 4 (available for Micro, Classic and Pro Accounts) Systematic Automated Portfolio Solution
More informationTrading Appendix 7 / Clearing Appendix 7. Fee List. Commodity Derivatives. Issued by NASDAQ OMX OSLO ASA and NASDAQ OMX CLEARING AB
Trading Appendix 7 / Clearing Appendix 7 Fee List Commodity Derivatives Issued by NASDAQ OMX OSLO ASA and NASDAQ OMX CLEARING AB Effective date: 7 16 September 2015 FEE LIST 1 GENERAL The Fee List is valid
More informationTARGET2-Securities. Settlement services quick guide
TARGET2-Securities Settlement services quick guide Contents Introduction 05 T2S is getting closer. What you need to know 06 Settlement day schedule 06 Your securities account setup 06 Your connectivity
More informationCommodity Markets Intelligence Series
Commodity Markets Intelligence Series How to master (OTC) Clearing for Energy Companies October, 2012 Introduction The move to clearing of standardised over-the-counter (OTC) derivatives represents a significant
More informationTurquoise Equities & Derivatives Membership Application Form
Turquoise Equities & Derivatives Membership Application Form Updated November 2012 version 3.1 This application form is being distributed by Turquoise Global Holdings Limited only to, and is directed only
More informationCGWM Bond Fund. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014. Investment Objective. Investment Policy.
CGWM Bond Fund To us there are no foreign markets. TM Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 This Supplement contains specific information in relation to the CGWM Bond
More informationFrequent Asked Questions
Frequent Asked Questions 1. What are RMB currency futures? What will be the underlying currency pair? RMB currency futures are futures contracts based on the exchange rates between RMB and other currencies.
More informationMalta Stock Exchange. Compliance and Market Operations
Malta Stock Exchange Compliance and Market Operations 1 Introduction Membership The Trading System Market Surveillance Continuing Obligations 2 Setup The Exchange and how it operates CSD Members Trading
More informationOTC Clearing Hong Kong Limited. OTC Account Services Information System ( OASIS ) Web Portal User Manual PART V Appendix
OTC Clearing Hong Kong Limited OTC Account Services Information System ( OASIS ) Web Portal User Manual April 2015 Disclaimer OASIS Web Portal User Manual ==================================================================================
More informationIn depth A look at current financial reporting issues
inform.pwc.com In depth A look at current financial reporting issues December 2014 No. INT2014-11 What s inside: Background: Illustrative tabular disclosures: Frequently asked questions: Contacts: Frequently
More informationFixing the Purchase and Repurchase Dates
Fixing the Purchase and Repurchase Dates 2.8 The period between the date on which a transaction is agreed (transaction date, T) and the conventionally-earliest Purchase Date for a repo (other than overnight
More informationAccount Application Form
Account Application Form We, the undersigned, representing, hereby request LuxCSD S.A. ( LuxCSD ) to open an account in our name with the Account name following specifications: 1 Registered Company name
More informationTrading at SIX Repo AG
Guidelines for participation in the CH repo market and OTC spot market January 2015 [Type text] Table of contents 1.0 Swiss Value Chain from a single source 4 2.0 Connection to the Swiss Value Chain 5
More informationSeptember 2014. The CSD Regulation A guide for clients
September 2014 The CSD Regulation A guide for clients 1 Contents Introduction 3 About this guide 3 Background 3 Provisions for securities settlement (Title II) 4 Provision of banking-type ancillary services
More informationInvestors in the D share class of the Contributing Fund will be moved into the A1 share class of the Receiving Fund
Schroder Alternative Solutions Société d'investissement à Capital Variable 5, rue Höhenhof, L-1736 Senningerberg Grand Duchy of Luxembourg Tel : (+352) 341 342 202 Fax : (+352) 341 342 342 18 May 2016
More informationTrading at SIX Repo AG
Guidelines for participation in the CH repo market and OTC spot market May 2014 Table of contents 1.0 Swiss Value Chain from a single source 4 2.0 Connection to the Swiss Value Chain 5 3.0 Basic legal
More informationOptions Activation Pack
Options Activation Pack Activating your E TRADE Australia account for trading Options Before starting to trade options, E TRADE Australia requires clients to: Complete and sign a Client Questionnaire covering
More informationLondon Stock Exchange Group plc. Xavier Rolet Chief Executive. September 2010
London Stock Exchange Group plc Xavier Rolet Chief Executive September 2010 Agenda Competing in an Age of Austerity Overview of business and strategy Cash equities markets overview and actions to strengthen
More informationWest China Cement Limited
West China Cement Limited West China Cement Limited 47 Esplanade St Helier Jersey JE1 0BD Dear Shareholder 31 st March 2010 West China Cement Limited (the Company ) Hong Kong Share Registration Guide and
More informationNOREXECO Rulebook. Appendix 10. Definitions and abbreviations
NOREXECO Rulebook Appendix 10 Definitions and abbreviations Table of Contents Definitions and abbreviations... 3 Page 2 of 16 Definitions and abbreviations In the Rulebook, including the Appendices and
More informationOptions Activation Pack.
Options Activation Pack. Activating your E TRADE Australia account for trading Options Before starting to trade options, E TRADE Australia requires clients to: Complete and sign a Client Questionnaire
More informationLondon Stock Exchange Derivatives
Market Notice 04 July 2014 London Stock Exchange Derivatives MARKET NOTICE 2014/056 T+2 Settlement Member Testing From 6 October 2014, all underlying securities of physically settled derivatives traded
More informationCOLLATERAL MANAGEMENT SERVICE. Service Description
COLLATERAL MANAGEMENT SERVICE Service Description LEGAL DISCLAIMER The content of this document is subject to change without notice. Although this document has been prepared on the basis of the best information
More informationCANACCORD GENUITY INVESTMENT FUNDS PLC. Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 CGWM SELECT INCOME FUND
CANACCORD GENUITY INVESTMENT FUNDS PLC Supplement dated 11 November 2014 to the Prospectus dated 11 November 2014 CGWM SELECT INCOME FUND This Supplement contains specific information in relation to CGWM
More informationTrading and Clearing Schedule
Trading Appendix 3 / Clearing Appendix 3 Trading and Clearing Schedule Commodity Derivatives Issued by NASDAQ OMX OSLO ASA and NASDAQ OMX CLEARING AB Effective Date: 1 December 2015 TRADING AND CLEARING
More informationNZD 1.0000 GBP 0.3842. Telegraphic Transfers (New Zealand)
NZD 1.0000 GBP 0.3842 Telegraphic Transfers (New Zealand) Product Disclosure Statement Issued 1 July 2009 1 VND 11107.55 USD 1.00 NZD 1.0000 EUR 0.4550 Contents. Product Disclosure Statement. Introduction
More informationPost Trade. Business Process Requirements Document Broker Matching Solution
Business Process Requirements Document Broker Matching Solution Disclaimer This document is intended for discussion purposes only and does not create any legally binding obligations on the part of AFME.
More informationESMA Discussion Paper on Draft Technical Standards for the Regulation on improving securities settlement in the European Union and on central
E u r e x C l e a r i n g R e s p o n s e t o ESMA Discussion Paper on Draft Technical Standards for the Regulation on improving securities settlement in the European Union and on central securities depositories
More informationQ u i c k R e f e r e n c e G u i d e
Q u i c k R e f e r e n c e G u i d e Client clearing: segregation, porting and collateral management Version 2, December 2014 Contents 1 Introduction... 3 2 Clearing models introduction... 3 3 Definitions
More informationNASDAQ OMX Clearing. Investor Risks. 1 Introduction. 2 Background. Version 1.1/5.11.13
Version 1.1/5.11.13 NASDAQ OMX Clearing Investor Risks 1 Introduction This document describes the levels of protection and the costs associated with the different levels of segregation offered by, and
More informationEMIR Implementation: Clearing & Core Operations Workshop Summary Notes. August, 2013
EMIR Implementation: Clearing & Core Operations Workshop Summary Notes August, 2013 1 DOCUMENT PURPOSE This is a Document of Record of the FOA EMIR implementation, Clearing and Core Operations workshop.
More informationMonte Titoli T2S Handbook. Your global Post Trade partner
Monte Titoli Handbook Your global Post Trade partner Contents 1 How LSEG will unlock the benefits of for its customers 02 1.1 LSEG and the post trade business 03 1.2 Monte Titoli: fostering a low risk
More informationPAYMENT AND SETTLEMENT SYSTEMS IN SPAIN
Francisco Linares Payment Settlement Systems Unit Manager Jesús Pérez Bonilla Securities Settlement Systems Unit Manager Payments Week 2005 Madrid 20 June 2005 PAYMENT SYSTEMS DEPARTMENT AGENDA PAYMENT
More informationCLEARING CYCLE 2. CLEARING CYCLE FOR FREIGHT, BUNKER/FUEL OIL AND IRON ORE CONTRACTS
Appendix 7 to the Rulebook CLEARING CYCLE 1. INTRODUCTION This appendix describes the clearing and settlement cycle for all products cleared by NOS Clearing ASA. All references to time are to Central European
More informationTAKASBANK Compliance to Securities Settlement Systems and CPSS-IOSCO Recommendations for Securities Settlement Systems-2008
TAKASBANK Compliance to Securities Settlement Systems and CPSS-IOSCO Recommendations for Securities Settlement Systems-2008 This questionnaire addresses each of the joint CPSS-IOSCO recommendations relating
More informationSWIFT for central securities depositories. One solution for all a CSD s communications
SWIFT for central securities depositories One solution for all a CSD s communications Enabling CSDs to compete in a global marketplace SWIFT for central securities depositories Streamlining communication
More information