UPDATING OF THE SETTLEMENT ACCOUNT FOR FREE OF PAYMENT INSTRUCTIONS WITH THE SWISS CSD SIX-SIS; TEST PLAN
|
|
- Oliver Damian O’Brien’
- 8 years ago
- Views:
Transcription
1 CBS123 May 22nd 2012 UPDATING OF THE SETTLEMENT ACCOUNT FOR FREE OF PAYMENT INSTRUCTIONS WITH THE SWISS CSD SIX-SIS; TEST PLAN Monte Titoli is glad to inform its customers that free of payment (FOP) instructions with Swiss CSD will be settled on the account IT that is already in use for AP instructions; as a consequence the account IT100118, currently in use for FOP instructions, will be closed. On this occasion, matching will be made mandatory for FOP operations within the link, requiring that the participant also instructs FOP receipts, as per the internationally recognised best practice. Customers will have the possibility to perform testing on the above-mentioned be functionalities from 4th to 29th June, in test environment. The Test Plan is available as an annex to this document. The effective date (planned for July 2nd) for release to production will be confirmed through a specific communication, depending on the tests outcome. 1
2 FOR MORE INFORMATION PLEASE CONTACT: Service Operation Tel: Settlement International Tel: Monte Titoli S.p.A Monte Titoli is a leading provider of efficient and secure financial market post-trade services, across presettlement, settlement, custody and asset services. Monte Titoli operates a sophisticated platform providing on-exchange and OTC trade matching and confirmation as well as offering a highly efficient European settlement system and custody service for safe keeping across asset classes. Monte Titoli has an extensive international customer base of over 400 banks and brokers, CCPs and trading venues and offers its services to more than 2,000 issuers. Monte Titoli S.p.A is owned by the international diversified exchange business, London Stock Exchange Group. 2
3 Switzerland link update Activation of new account and mandatory matching for FOP service Test Plan 3
4 Summary 1. INTRODUCTION AIM OF THE TEST TEST ORGANISATION REQUIREMENTS TO PARTICIPANTS TESTING GUIDELINES FOR PARTICIPANTS TECHNICAL-OPERATIONAL MODALITIES
5 1. INTRODUCTION The aim of this document is to outline the plan of activities for the activation of new features on the link with the Swiss CSD SIX-SIS. The new features relate to the possibility of - Instructing free of payment instruction on the account number IT already in use for the DVP instructions. (The account IT used until now for FOP instruction will be closed) - Mandatory matching for free of payment instructions according to the protocols and the model already in use within the cross-border settlement service. 2. AIM OF THE TEST The system test aims at allowing participants to the cross-border settlement service to verify their own applications and the correct management of messages produced by the system, with regard to the status of the transactions. 3. TEST ORGANISATION Testing window Start: 10:00 a.m. CET End: 03:00 p.m. CET Activity description Period of time during which participants can perform the necessary testing to verify the correct functioning of the new features. The environment will eventually be available also after the indicated date, in case of need of any additional testing. Any variation in schedule will be notified in due time. 4. REQUIREMENTS TO PARTICIPANTS In order to ensure the smooth execution of the testing, participants are requested to notify to the International Settlement Department the details of all the test transactions instructed during the day. This communication must be sent to the following address: settlement.international@montetitoli.it. TESTING RESULTS: Confirmation of successful execution of testing is expected by the end of the testing period, scheduled on next 29 th June. 5
6 Date of release to production (Planned for 2 nd July) of the new functionalities will be confirmed at a later stage with a specific communication. 5. TESTING GUIDELINES FOR PARTICIPANTS FOP operations can be instructed via RNI message 710, or via input into X- TRM. FOP receipts from a counterpart participating to SIX-SIS must be matched in X-TRM. Financial instruments to be used for testing are: ISIN CODE QUANTITY CH SIX-SIS s account to use is IT TECHNICAL-OPERATIONAL MODALITIES Testing will be performed in PI environment. 6
PORTUGAL : ENHANCEMENTS ON SETTLEMENT, TAX AND INFORMATION SERVICES
CBS109 30 December 2011 PORTUGAL : ENHANCEMENTS ON SETTLEMENT, TAX AND INFORMATION SERVICES Monte Titoli is pleased to share with its customers some significant enhancements to its service offering on
More informationNEW 0,2% TRANSACTION TAX (FTT) ON FRENCH BLUE CHIPS UPDATE
CBS128 31 July 2012 NEW 0,2% TRANSACTION TAX (FTT) ON FRENCH BLUE CHIPS UPDATE Monte Titoli is pleased to provide its customers with AN UPDATE on information regarding the forthcoming Financial Transaction
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 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 informationLSEG supporting Collateral Management services
LSEG supporting Collateral Management services Alessandro Zignani Head of Business Development, LSEG Post Trade WFC 2015, Cancun, 20 May 2015 London Stock Exchange Group Page 1 Why Collateral Management
More informationBorsa Italiana market for open-end funds. Borsa Italiana
Borsa Italiana market for open-end funds Page 1 Borsa Italiana A new market for open-end fund trading Objective: creating a new electronic market where investors can buy and sell open-end funds New segment
More informationKELER A Gateway to TARGET2-Securities
KELER A Gateway to TARGET2-Securities T2S Info Session Amsterdam, 27 June 2014 Peter Csiszer Director, Strategy and Client Relations KELER Ltd. INTRODUCTION TO KELER GROUP KELER Group Ownership Structure
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 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 informationMARKET PRACTICE GUIDE FOR SECURITIES SETTLEMENT
MARKET PRACTICE GUIDE FOR SECURITIES SETTLEMENT 2014 TABLE OF CONTENTS 1. Introduction... 4 1.1. The purpose of the market practice guide... 4 2. Market practice for securities settlement in Estonia...
More informationCentral Securities Depository Regulation
Central Securities Depository Regulation Alignment of T+2 Settlement Period Central Securities Depository Regulation Alignment of T+2 Settlement Period The European Commission has proposed new legislation
More informationL I S T I N G A N D A D M I T T I N G R E T A I L B O N D S. Order book for Retail Bonds
L I S T I N G A N D A D M I T T I N G R E T A I L B O N D S Order book for Retail Bonds Contents Introduction...3 Requirements for admission to the Order book for Retail Bonds...4 Listing and admission
More informationMember s Profile. KELER Ltd. (hereinafter referred to as: KELER) Total Shareholders Equity: USD 121 million
Member s Profile Organization Name: KELER Ltd. (hereinafter referred to as: KELER) Country/ Region: Hungary Name of CEO: György Dudás Capital (US$): Total Shareholders Equity: USD 121 million Share capital:
More informationSIX Corporate Bonds AG. Directive 3: Trading. of 23/04/2015 Effective from: 08/05/2015
SIX Corporate Bonds AG Directive : Trading of /0/05 Effective from: 08/05/05 Directive : Trading 08/05/05 Content. Purpose and principle.... General.... Trading day and trading period.... Clearing day....
More informationTARGET2-Securities. Frequently Asked Questions. March 2015
March 2015 Table of contents 1.0 General questions on T2S 4 1.1 What is T2S? 4 1.2 Which currencies are eligible in T2S? 4 1.3 Which instruments are eligible in T2S? 4 1.4 What are the migration wave dates?
More informationThe Association of Global Custodians - Questionnaire
The Association of Global Custodians - Questionnaire Name Italy- Monte Titoli S.P.A. Contact Name Umberto Granata Address Piazza degli Affari, 6 20123 Milano Italy Country Italy Phone +39 02 33635 301
More informationAuto-collateralisation service with payment bank
Auto-collateralisation service with payment bank Change Review Group meeting 6 February 2015 T2S Programme Office European Central Bank 1 T2S generated auto-collateralisation instructions T2S triggers
More informationCSD Member s Profile Organization Name: Country/ Region: Name of CEO: Capital (US$): 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 informationBIt Club website guide: documentation for participating in the Services offered by Borsa Italiana, CC&G and Monte Titoli. London Stock Exchange Group
BIt Club website guide: documentation for participating in the Services offered by Borsa Italiana, CC&G and Monte Titoli London Stock Exchange Group Introduction BIt Club is a site reserved to those who,
More informationimprovements to commercial bank money (CoBM) settlement arrangements for collateral operations
improvements to commercial bank money (CoBM) settlement arrangements for collateral operations JULY 2014 In 2014 all publications feature a motif taken from the 20 banknote. improvements to commercial
More informationCode of Conduct for Securities Dealers. governing securities transactions
Code of Conduct for Securities Dealers 008 governing securities transactions Contents Preamble... 3 A General guidelines to the Code of Conduct... 4 Art. Legal basis... 4 Art. Scope... 5 B Duty of disclosure...
More informationGeneral provisions 2. Definitions 3. Acts established by Exchange 6. Disclosure of trading information 8
CONTENTS General provisions 2 Definitions 3 Acts established by Exchange 6 Disclosure of trading information 8 Page 1 1. GENERAL PROVISIONS 1.1. Scope 1.1.1. These rules and regulations of the Tallinn
More informationCommittee on Payments and Market Infrastructures. Developments in collateral management services
Committee on Payments and Market Infrastructures Developments in collateral management services September 2014 This publication is available on the BIS website (www.bis.org). Bank for International Settlements
More informationTrading. On the CSX CSX ON XETRA - XCAY
Trading On the CSX CSX ON XETRA - XCAY Contents CSX on XETRA XCAY... Trading and Order Book... OTC... Market Hours... XETRA Brokers and Market Makers... Fees... Settlement... Settlement Due Date... Contact
More informationDescription of business processes. ISO 20022 Securities dashboard - Description of business processes
of business processes ISO 20022 Securities dashboard - of business processes Securities of Business Processes Issuer Pre-Investment Decision This covers the information from the issuer to Edgar, etc. which
More informationJOINT WORK OF THE EUROPEAN SYSTEM OF CENTRAL BANKS AND THE COMMITTEE OF EUROPEAN SECURITIES REGULATORS IN THE FIELD OF CLEARING AND SETTLEMENT
JOINT WORK OF THE EUROPEAN SYSTEM OF CENTRAL BANKS AND THE COMMITTEE OF EUROPEAN SECURITIES REGULATORS IN THE FIELD OF CLEARING AND SETTLEMENT RESPONSE TO THE CALL FOR CONTRIBUTIONS FROM INTERESTED PARTIES
More informationHub and Spoke Interconnectivity Model for SADC Exchanges
Hub and Spoke Interconnectivity Model for SADC Exchanges Vipin Mahabirsingh Managing Director, CDS Mauritius Chairman, Interconnectivity PSC Committee of SADC Stock Exchanges (CoSSE) 1 Committee of SADC
More informationOrder book for Retail Bonds. Listing and admitting retail bonds
Order book for Retail Bonds Listing and admitting retail bonds ORB aims to offer retail investors efficient access to an on-screen secondary market in London listed debt instruments. Order book for Retail
More informationThe daily settlement price is determined by CC&G according to the quantity-weighted average of the last 10% of contracts traded
IDEM Italian Derivatives Market Thanks to the listing of several equity-linked products, the IDEM market provides members with the best product offering on Italian and Pan-European equity derivatives,
More information#towardst2s ESES T2S. Update meeting. Innovations in settlement services
ESES T2S Update meeting Innovations in settlement services 1 Welcome Join the conversation on Twitter #towardst2s 2 ESES T2S update meeting Harmonisation Settlement What's your view? Helping you prepare
More informationSEGREGATION AND PORTABILITY
SEGREGATION AND PORTABILITY 19 th July 2013 Version 1.0 Contents 1. Introduction 4 2. New account structure 5 3. The individual segregated account (ISA) 6 4. Omnibus accounts 7 5. Non-Clearing Member
More informationSIX Swiss Exchange Ltd. Directive 3: Trading. of 17/07/2015 Effective from: 26/10/2015
SIX Swiss Exchange Ltd Directive 3: Trading of 7/07/05 Effective from: 6/0/05 Content. Purpose and principle... I General.... Trading day and trading period... 3. Clearing day... 4. Trading hours... II
More informationWhen Issued Dealing on the Order book for Retail Bonds. London Stock Exchange Group
When Issued Dealing on the Order book for Retail Bonds London Stock Exchange Group When Issued Dealing on ORB This guide outlines the process and timetable for the submission of documentation to support
More informationEFFECTIVE from October 6, 2014. NASDAQ OMX Riga Rules ON CASH AND FINANCIAL INSTRUMENT SETTLEMENT
EFFECTIVE from October 6, 2014 NASDAQ OMX Riga Rules ON CASH AND FINANCIAL INSTRUMENT SETTLEMENT APPROVED by the Meeting of the Supervisory Board on August 31, 2004 Amendments approved by the Meeting of
More informationQ&A Implementation of T+2 standard settlement cylce on Swiss market. of 2 September 2014
Implementation of T+2 standard settlement cylce on Swiss market of 2 September 2014 Table of Content 1. Introduction... 5 1.1. Purpose and Scope... 5 1.2. Definitions and Abbreviations... 5 1.3. References...
More informationMIGRATION PREPARATION SCHEDULE
MIGRATION PREPARATION SCHEDULE T2S PROJECT Version 1.0 1 Contents 1 DOCUMENT MANAGEMENT 6 1.1 Document History 6 1.2 Acronyms and abbreviations 6 1.3 Reference documentation 7 2 PURPOSE OF THE DOCUMENT
More informationCapital Markets Point of View. TARGET 2 SECURITIES Are YOU on TARGET? Post Trade Services
Capital Markets Point of View TARGET 2 SECURITIES Are YOU on TARGET? Post Trade Services Introduction In an effort to eliminate the Giovanni Barriers tax, legal and other considerations feeding the continued
More informationT+2 IMPLEMENTATION Questions & Answers
T+2 IMPLEMENTATION Questions & Answers BACKGROUND The Nordic Securities Association, Euroclear Finland, Euroclear Sweden and other Nordic Central Securities Depositories (CSDs), Central Counterparts (CCPs),
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 informationMarket Standards for Corporate Actions Processing
Revised version 2012 Prioritised standards marked Market Standards for Corporate Actions Processing 1 Table of contents Introduction 3 Glossary 6 Sequence of dates graphs 10 Distributions Cash Distributions
More informationSection 9 Overview of Clearing and Settlement in CCASS
9/1 Section 9 Overview of Clearing and Settlement in CCASS 9.1 TRANSACTIONS ACCEPTED FOR SETTLEMENT IN CCASS In brief, subject to the Rules, transactions in Eligible Securities accepted for settlement
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
xcl-601 July 2014 Client info Table of contents 1.0 Introduction 3 2.0 Late settlement procedure 4 2.1 Overview 4 2.2 Procedure 4 3.0 Buy-in procedure 5 3.1 Overview 5 3.2 Procedure 5 4.0 Buy-in schedule
More informationETF. Exchange Traded Funds: simple products, sophisticated strategies
ETF Exchange Traded Funds: simple products, sophisticated strategies ETF Exchange Traded Funds ETFs have become successful for Italian investors because of their fundamental characteristics simplicity,
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 informationRules and Regulations SIX x-clear Ltd
xcl-601 November 2012 Client info Table of contents 1.0 Introduction 3 2.0 Late settlement procedure 4 2.1 Overview 4 2.2 Procedure 4 3.0 Buy-in procedure 5 3.1 Overview 5 3.2 Procedure 5 4.0 Buy-in schedule
More informationSIX 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 informationRegister ID number: 3373670692 24
EFAMA reply to European Commission consultation paper on Central Securities Depositories (CSDs) and on the Harmonisation of Certain Aspects of Securities Settlement in the European Union Register ID number:
More informationThe assessment report on the kdpw_stream s compliance with the ESCB-CESR recommendations for securities settlement systems
The assessment report on the kdpw_stream s compliance with the ESCB-CESR recommendations for securities settlement systems 1 I. Introduction General Presented assessment of securities settlement system
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 informationOPERATING RULES OF THE CENTRAL SECURITIES DEPOSITORY AND CLEARING HOUSE. (Consolidated text reflecting amendments entered into force Jan, 19, 2015)
OPERATING RULES OF THE CENTRAL SECURITIES DEPOSITORY AND CLEARING HOUSE (Consolidated text reflecting amendments entered into force Jan, 19, 2015) Page 1 I. BASIC PROVISIONS 1. [1] The Central Securities
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 informationETFplus. The ETF and ETC/ETN market: transparency and liquidity
ETFplus The ETF and ETC/ETN market: transparency and liquidity ETFplus is the Borsa Italiana market entirely dedicated to the real-time trading of Exchange Traded Funds (ETF), Exchange Traded Commodities
More informationCentral Securities Depository of Lithuania
Central Securities Depository of Lithuania Answers to the questionnaire included in the Disclosure Framework for Securities Settlement System prepared by the Committee on Payment and Settlement Systems
More informationTrade Reporting Services: Service Description
Trade Reporting Services: Service Description Status: Issued BATS Chi-X Europe March 13 th 2015 Version 1.9 1 CONTENTS 1. INTRODUCTION... 4 2. HOW BATS WORKS... 4 3. THE SERVICES... 4 3.1 TDM Service...
More informationSIMPLE PRODUCTS, SOPHISTICATED STRATEGIES. ETF Exchange Traded Funds
SIMPLE PRODUCTS, SOPHISTICATED STRATEGIES ETF Exchange Traded Funds Index Introduction 1 Exchange Traded Funds: 3 - What they are - Main features - Investment modalities Structured ETFs: 6 - What they
More informationSeDeX. The Certificates and Covered Warrants market: innovation and diversification
SeDeX The Certificates and Covered Warrants market: innovation and diversification SeDeX This regulated electronic market allows investors to trade efficiently thousands of listed instruments in real time.
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 informationHow To Trade On Orb
SER V I C E D E S C R I P T I O N Electronic Order Book for the UK Retail Bond Market Contents 1. Introduction... 3 1.1 Main Characteristics. 3 1.2 Scope of Changes 3 1.3 Readership.. 4 1.4 Relevant Documentation.
More informationFinfraG / EMIR. Your partner to navigate the challenges in investment and risk management. Current Status What you need to know. 23 rd September 2014
Your partner to navigate the challenges in investment and risk management. FinfraG / EMIR ROSENWEG 3 GARTENSTRASSE 19 CH-6340 BAAR/ZUG CH-8002 ZURICH SWITZERLAND SWITZERLAND INFO@INCUBEGROUP.COM INCUBEGROUP.COM
More informationLatvian Central Depository Regulation No. 15 On DVP settlement in foreign currencies
Latvian Central Depository Regulation No. 15 On DVP settlement in foreign currencies APPROVED by Latvian Central Depository Supervisory Board Meeting on February 27, 2004 AMENDMENTS APPROVED On 29.05.2007.;
More informationThe European Post-Trade Market
The European Post-Trade Market An Introduction White Paper 1 The European Post-Trade Market An Introduction White Paper 2 THE EUROPEAN POST-TRADE MARKET An Introduction THE EUROPEAN POST-TRADE MARKET
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 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 informationT2S High Level Proposals The view of a CSD
T2S High Level Proposals The view of a CSD Paolo Carabelli Monte Titoli Spa June 25, 2007 Frankfurt, T2S Tri-Party Meeting Background - Starting point Current Monte Titoli settlement system is: extremely
More informationMay 2013. Processing of restricted U.S. and Canadian Securities
May 2013 Processing of restricted U.S. and Canadian Securities Table of Contents 1. Terms 3 2. What are restricted securities? 4 2.1 U.S. market 4 2.2 Canadian market 4 3. Delivery of restricted securities
More informationMarket Switzerland SWIFT Usage Guide Settlement Formatting Specialities
UBS Switzerland AG Postfach 8098 Zürich Group Operations / Securities SWIFT Usage Guide Settlement Fmatting Specialities Fmats are compliant with SWIFT Standards Release 2014 and T2S requirements Classification
More informationΤΑRGET2 Securities/BOGS BOGS functionalities in T2S
ΤΑRGET2 Securities/BOGS BOGS functionalities in T2S APRIL 2014 1 ΤΑRGET2 Securities/BOGS Items to be discussed 1. Static Data Management 2. Matching 3. Mapping of current operation types in T2S 4. Additional
More informationTARGET2-SECURITIES OPERATIONAL FEASIBILITY
8 March 2007 TARGET2-SECURITIES OPERATIONAL FEASIBILITY TABLE OF CONTENTS 1. EXECUTIVE SUMMARY 2 2. OPERATIONAL ROLES FOR T2S STAKEHOLDERS 5 3. OVERVIEW OF T2S FUNCTIONAL BLOCKS AND INTERFACES 8 4. CROSS-CSD
More informationDirective 5: "Over the Exchange" Services
SIX Swiss Exchange Ltd Directive 5: "Over the Exchange" Services of /08/0 Effective from: 5/0/0 Directive 5: "Over the Exchange" Services 5/0/0 Content. Purpose and principle... I SIX Swiss Exchange Liquidnet
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 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 informationMarket claims in T2S
Market claims in T2S Introduction This document aims at clarifying the market claim models in the context of the T2S implementation and recommending a course of actions. Much has been discussed in various
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 informationJB Call Warrants with cash settlement on CHF 3M LIBOR / SFCPD
15 October 2013 Structured Products Tel: +41 (0) 58 888 8181 E-Mail: derivatives@juliusbaer.com Internet: derivatives.juliusbaer.com Term Sheet and Final Terms { JB Call Warrants with cash settlement on
More informationThe New Swiss Repo Market. Information Event Geneva, 23 January 2014
The New Swiss Repo Market Information Event Agenda Future Swiss Money market Development phases Core markets from may 2014 Advantages of the new Swiss money market Becoming a participant Regulations Trader
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 informationAndrea Galeazzi Direttore Network Services SIA S.p.A. Francesco Lanza Marketing & Business Dev. SIA S.p.A.
Le sfide degli operatori per l accesso ai mercati finanziari Andrea Galeazzi Direttore Network Services SIA S.p.A. Francesco Lanza Marketing & Business Dev. SIA S.p.A. SIA The scenario evolution is changing
More informationRules Governing Use of the Bilateral Trading Platform
Rules Governing Use of the Bilateral Trading Platform 1. Purpose and structure 1 These Rules Governing Use of the Bilateral Trading Platform (hereinafter "Rules") set out the terms and conditions of use
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 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 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 informationThe Swiss Value Chain
The Swiss Value Chain The Swiss Value Chain The Swiss Value Chain links trading on the Swiss stock exchange with the services of post-trading, which include the clearing and settlement of securities transactions
More informationProgetto T2S: a che punto siamo?
Progetto T2S: a che punto siamo? Gli intermediari italiani tra mercato nazionale e competizione globale alla luce di uno scenario europeo in divenire Gian Bruno Mazzi Managing Director, SIA Milano, Borsa
More informationA NEW WAY OF INVESTING IN COMMODITIES. ETC - Exchange Traded Commodities
A NEW WAY OF INVESTING IN COMMODITIES ETC - Exchange Traded Commodities Index Introduction 1 Exchange Traded Commodities: 3 - What they are - Main features - Investment modalities Focus on physically-backed
More informationSection 13 Securities Settlement
13/1 Section 13 Securities Settlement 13.1 GENERAL 13.1.1 DIs or Batch-settlement-runs or on-line delivery to effect delivery in CCASS CCASS is designed to give Participants a high degree of flexibility
More informationShould Custodians Become Clearing members?
Should Custodians Become Clearing members? HSBC Securities Services Prepared by: Francis DASSOU Date: NOV 14 Agenda Introduction to Custody Introduction to Broker Clearing Q & A Introduction to Custody
More informationDEBT/SUKUK CAPITAL MARKETS ON NASDAQ DUBAI
DEBT/SUKUK CAPITAL MARKETS ON NASDAQ DUBAI The Ideal Venue for Capital Raising The International Capital Market. From the Middle East. For the Middle East. أن نكون السوق المالية العالمية التي تعمل في الشرق
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 informationCentral Securities Depository of Iran. OIC Capital Markets Interliking using SAMIP IT and Bussiness Aspects. Hossein Mohammadi Hamed Soltani-Nejad
Central Securities Depository of Iran OIC Capital Markets Interliking using SAMIP IT and Bussiness Aspects Hossein Mohammadi Hamed Soltani-Nejad September 12, 2011 Preface to the Second Edition As a result
More informationDirect Settlement Advanced (DS.A) Functional Guide
Direct Settlement Advanced (DS.A) Functional Guide 12 September 2015 2 Table of Contents 1 Introduction 6 1.1 Objective of the Functional Guide 6 1.2 Contents of the Functional Guide 6 2 Communication
More informationRegulations for the Novartis Direct Share Purchase Plan
Regulations for the Novartis Direct Share Purchase Plan Novartis International AG 4002 Basel Switzerland 11/2013, Novartis International AG 1 Regulations for the Novartis Direct Share Purchase Plan 1 What
More informationSeDeX. Covered Warrants and Leverage Certificates
SeDeX Covered Warrants and Leverage Certificates SeDeX Leverage products increase the potential performance of the portfolio. Foreword Leverage effect amplifies both underlying rises and falls Covered
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 informationAsia s CSD: Future and Challenges
Asia s CSD: Future and Challenges September 10, 2015 Dr. Jaehoon YOO Chairman & CEO Korea Securities Depository Agenda Evolution of CSD Business Model KSD in the Korean Market Promoting Regional Market
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 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 informationDisclosure Framework for. Securities Settlement Systems
Disclosure Framework for Securities Settlement Systems Updated version December 2014 Table of Contents Introduction... 3 I. Basic information... 4 II. Rules and procedures of the SSS... 13 III. Relationships
More information