Clearstream Snapshot
|
|
- Mae Haynes
- 7 years ago
- Views:
Transcription
1 Clearstream Snapshot
2 Clearstream a trusted global name Clearstream is a global leader in post-trade securities services with more than EUR 13 trillion in assets under custody, making us one of the world s largest settlement and custody firms for domestic and international securities. As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream provides the post-trade infrastructure for the Eurobond market and services for securities from 54 domestic markets worldwide for more than 2,500 financial institutions in more than 110 countries. As a central securities depository (CSD) based in Frankfurt, Clearstream also provides the posttrade infrastructure for the German securities industry, offering access to a growing number of markets in Europe. Clearstream also offers such services for the Luxembourgish market via LuxCSD, a CSD which is jointly owned by Clearstream and the Banque centrale du Luxembourg (BCL). Clearstream has high credit ratings (AA) which testify to its robustness and reliability. An integral part of the Deutsche Börse Group Being part of the Deutsche Börse Group is a major strength. It allows us to leverage the combined knowledge of our different entities, including a central counterparty, to create innovative products which cover the entire lifecycle of securities: issuance > trading > clearing > settlement > custody > collateral management > asset servicing. Our customers benefit from an extensive service portfolio that offers innovative solutions for domestic and global security issuance and settlement, custody and asset servicing, investment fund services, liquidity and risk management solutions as well as IT outsourcing. A broad range of services We cover all asset classes and our customer services are there for you in your timezone and in your language to make sure securities are delivered on time, anytime. Clearstream s dedication to customers is one reason why we are consistently rated the best ICSD in industry surveys. Clearstream s services are divided into the following business streams: Asset Services Clearstream is responsible for the management, safekeeping and administration of securities under custody. Services include income and redemption payments, corporate actions as well as tax and proxy voting. Global Securities Financing Our collateral management, securities lending and borrowing services are gathered under the Global Liquidity Hub. It provides a deep pool of liquidity through links to agent banks, trading platforms, clearing houses and other market infrastructures such as CSDs. Investment Fund Services As a specialised subcustodian, Clearstream standardises fund processing and increases efficiency and safety in the investment fund sector. Our global fund processing platform Vestima provides access to all fund types, from mutual to ETFs and hedge funds. Issuance Our customised services, deep liquidity pool and extensive network of investors under the Global Issuer Hub help issuers reach investors worldwide at the lowest financing cost in almost 100 denomination currencies. Settlement Clearstream s ICSD ensures accurate settlement in international securities and domestic securities traded across borders. The CSDs settle domestic transactions in the German and Luxembourgish markets.
3 Key facts and figures 2015 Getting ready for T2S EUR 13.2 trillion in assets under custody 126 million settlement transactions processed annually All major asset classes covered, including bonds, equities, investment funds and structured products Awarded AA credit rating from major credit rating companies More than 2,500 customers in 110 countries Access to 54 domestic markets worldwide, plus the international market 98 currencies supported for issuance, 43 of which are settlement currencies EUR 592 billion in Global Securities Financing monthly average outstanding More than 190,000 investment funds available on Vestima of which 50,000 are hedge funds Over 100 customer service experts worldwide speaking 17 languages 11 offices around the globe: Cork, Dubai, Frankfurt, Hong Kong, London, Luxembourg, New York, Prague, Singapore, Tokyo, Zurich Clearstream will leverage the European Central Bank s TARGET2-Securities (T2S) initiative to the advantage of our customers via our CSDs in Germany and Luxembourg and a value proposition that includes ICSD services: Clearstream and LuxCSD will connect to T2S in wave 3 on September Our Investor CSD model is a key differentiator of our T2S offering: Clearstream provides access to T2S markets through a single point our CSD in Germany. ECB-assessed links to all T2S markets add an extra level of safety and enable settlement in T2S in central bank money. By consolidating all domestic assets at our German CSD, the largest T2S participant, customers benefit from unique economies of scale and netting opportunities. Clearstream will also make Eurobonds available on T2S. Customers will be able to access all ICSD and CSD counterparties from both ICSD and CSD accounts. European domestic and international assets can be consolidated into a single pool of liquidity. Customers will be able to seamlessly transfer collateral between CSD (T2S) accounts and ICSD accounts. Clearstream will provide asset servicing through our local agent bank partners, granting access to 54 markets plus the international market. With T2S, customers will benefit from domestic and international settlement in central and commercial bank money as well as enhanced asset servicing and collateral management. Figures as at August 2015
4 Our latest initiatives Issuance Issuers can use Clearstream s Global Issuer Hub as their single primary issuance location for both European and worldwide issuance for T2S and beyond. By choosing Clearstream as their single point of access to T2S markets, issuers can consolidate all their issuances in the Global Issuer Hub at lower costs. The seamless integration of Clearstream s CSD and ICSD will enable issuers to distribute securities to investors worldwide. Settlement and Asset Services Clearstream will offer asset servicing for T2S with partners such as BNP Paribas Securities Services, Intesa Sanpaolo and Banco Bilbao Vizcaya Argentaria. Settlement in commercial and central bank money on the T2S platform will be performed by Clearstream while the local expertise for asset servicing is provided via our partners. Thanks to numerous link extensions, customers benefit from improved services in the following markets: China: settlement and custody for China A-shares in support of the Shanghai-Hong Kong Stock Connect Programme. New offshore RMB cash correspondent bank accounts at Bank of China Frankfurt, ICBC Luxembourg and ICBC Singapore. Americas: an extension of the ICSD settlement day, aiming to cover the entire processing day by Mexico: settlement and custody of corporate debt Taiwan: access to RMB-denominated Formosa bonds. Romania: settlement and custody of municipal bonds. Oman: Rial eligible for settlement. Global Securities Financing The reach of the Global Liquidity Hub has been further extended: Liquidity Hub Connect for local custodians is live for BNP Paribas Securities Services, Citi and Standard Chartered Bank. Deutsche Bank and Sumitomo Mitsui Banking Corporation also intend to partner with Clearstream. The Global Liquidity Hub can be used for triparty margin collateral management with a growing number of CCPs, most recently with ICE Clear Europe and Indian Clearing Corporation Ltd. Several central banks, notably Bundesbank and Banca d Italia, have chosen Clearstream s automated securities lending programmes for securities purchased under the Public Sector Purchase Programme. Clearstream will offer harmonised collateral management and securities lending services for customers of the ICSD and its CSDs once Clearstream joins T2S. Customers will be able to pool their assets, including equity, at our CSDs as their gateway to T2S for use in the ICSD s securities lending and collateral management services. For example, it will be possible to conduct triparty repos with commercial and central bank money with CSD assets. Investment Fund Services Clearstream is constantly striving to extend the global reach and the number of investment fund classes available on its fund processing platform Vestima: The acquisition of Citco Global Securities Services (CGSS) hedge fund custody infrastructure for financial institutions in 2014 boosted hedge fund services and enables Clearstream to fast-track automation in the hedge fund industry. - A new link between the Korea Securities Depository s FundNet and Vestima supports cross-border investment fund distribution (direct and indirect). - The new registrar monitoring report helps depository banks carry out due diligence on transfer agents and registrars in compliance with AIFMD. - Clearstream offers CSD and ICSD services for the issuance and settlement of multi-listed exchangetraded funds (ETFs). This reduces the need for complex realignments and enables ETF trading on a greater scale. Clearstream is transforming Vestima into a one-stop shop solution for all investment fund needs from mutual funds to ETFs and alternative funds such as hedge funds. The acquisition of CGSS was a key milestone which generated numerous new customer relationships including wealth managers and global custodians.
5 6973/ Cork Dubai Frankfurt Hong Kong London Luxembourg New York Prague Singapore Tokyo Zurich Clearstream Banking 42, Avenue JF Kennedy L-1855 Luxembourg Phone
12 / 15. Clearstream Vestima Newsletter. Integrated solution for trade execution and custody across all fund types
Clearstream Vestima Newsletter 12 / 15 Integrated solution for trade execution and custody across all fund types Clearstream has successfully integrated the hedge fund processing application acquired from
More informationTradeCycle. Delivering integrated solutions for OTC derivatives
TradeCycle Delivering integrated solutions for OTC derivatives TradeCycle 3 Innovation is key in a fast-moving world. Discover the first end-to-end OTC derivatives solution which combines the local experience
More information0 1 / 14. Clearstream Global Liquidity Hub Newsletter. A single master contract for multiple triparty repo counterparties
Clearstream Global Liquidity Hub Newsletter 0 1 / 14 A single master contract for multiple triparty repo counterparties In June 2013, Clearstream developed a new legal master agreement for triparty repo
More informationConsolidation of Capital Markets and European Stock Exchanges
Consolidation of Capital Markets and European Stock Exchanges 1 Agenda Brief overview of Clearstream s core activities Structure of the European Securities Industry Current consolidation activities in
More informationDeutsche Bank Global Transaction Banking. Securities Services. Overview
Deutsche Bank Global Transaction Banking Direct Securities Services Securities Services Overview Finding the right custodian with a long-term commitment to supporting its clients business is critical for
More informationClearstream Complete settlement solutions
Clearstream Complete settlement solutions 2 Complete settlement solutions Reaching across the globe Content 3 Reaching across the globe 4 Exceptional, fully-optimised settlement solutions 5 Efficiency
More informationFull triparty interoperability
Clearstream Global Liquidity Hub Newsletter 0 1 / 15 Global Liquidity Hub upgrades in view of T2S Clearstream will offer harmonised collateral management and securities lending services for customers of
More informationClearstream Complete settlement solutions
Clearstream Complete solutions 2 Complete solutions Reaching across the globe Content 3 Reaching across the globe 4 Exceptional, fully-optimised solutions 5 Efficiency through netting algorithms 6 Clearstream
More informationEmbargo: 19 February 2015; 10 am CET / Check against delivery! Annual Press Conference 2015. Deutsche Börse AG
Embargo: 19 February 2015; 10 am CET / Check against delivery! Annual Press Conference 2015 Deutsche Börse AG Dear Ladies and Gentlemen, dear members of the press, on behalf of the Executive Board, I welcome
More informationwww.deutsche-boerse.com Half-yearly financial report
www.deutsche-boerse.com Half-yearly financial report Quarter 2/2015 Deutsche Börse Group: key figures Consolidated income statement Quarter Six months 30 Jun 2015 30 Jun 2014 30 Jun 2015 30 Jun 2014 Net
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 informationwww.deutsche-boerse.com Interim report
www.deutsche-boerse.com Interim report Quarter 3/2015 Deutsche Börse Group: key figures Consolidated income statement Quarter ended Nine months ended 30 Sep 2015 30 Sep 2014 30 Sep 2015 30 Sep 2014 Net
More informationCapital Market Linkages: How to facilitate cross border trading?
Capital Market Linkages: How to facilitate cross border trading? OIC Member States Stock Exchanges Forum Dr. Jochen Biedermann Istanbul, 02 October 2010 Agenda 1. About Deutsche Börse 2. Capital Market
More informationDemand for RMB and Financial Services through Hong Kong by German Businesses
Demand for RMB and Financial Services through Hong Kong by German Businesses Think Asia, Think Hong Kong Munich, 11 September 2014 Think Asia, Think Hong Kong Munich, 11 September 2014 Page 1 Asia: Key
More informationIntroduction of Free Trade Zone RMB Bond Business
Introduction of Free Trade Zone RMB Bond Business Yidan WANG wangyidan@shclearing.com April 2016 London Contents Company Overview Business Background Business Model Future Plan 第 四 章 A brief look into
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 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 informationClearstream s approach to TARGET2-Securities
Clearstream s approach to TARGET2-Securities FAQs as of 29 August 2012 1. What is TARGET2-Securities (T2S) about? T2S is a central pan-european settlement infrastructure platform for the cross-border and
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 informationRMB Internationalization and RMB Offshore Markets Development
RMB Internationalization and RMB Offshore Markets Development Dr. Qin Xiao Former Chairman, China Merchants Group and China Merchants Bank Council Member, Hong Kong Financial Services Development Council
More informationwww.deutsche-boerse.com Half-yearly financial report
www.deutsche-boerse.com Half-yearly financial report Quarter 2 /2014 Deutsche Börse Group: key figures Consolidated income statement Quarter ended Six months ended 30 Jun 2014 30 Jun 2013 30 Jun 2014 30
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 informationThe Chinese corporate credit bond market. Broad prospects for development
The Chinese corporate credit bond market Broad prospects for development Dear Mr. Martin Scheck, Mr. Spencer Lake, Distinguished Guests, Ladies and Gentlemen, Good Morning! I am very pleased to attend
More informationLatest developments in the international RMB market
Fourth Meeting of London Hong Kong RMB Forum 12 November 2014 The private-sector led London Hong Kong Forum to promote cooperation on the development of international renminbi (RMB) business (the Forum
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 informationEuropean Central Bank Secretariat Division Kaiserstrasse 29 D-60311 Frankfurt am Main Germany
European Central Bank Secretariat Division Kaiserstrasse 29 D-60311 Frankfurt am Main Germany Milan, April 30 th 2008 Second consultation on CCBM2 ATIC FOREX, The Financial Markets Association of Italy,
More informationQuarter 2/2010 Half-Yearly Financial Report
Quarter 2/2010 Half-Yearly Financial Report Deutsche Börse Group: Financial Highlights Quarter ended Six months ended 30 June 2010 30 June 2009 30 June 2010 30 June 2009 Consolidated income statement Sales
More informationCOMMISSION STAFF WORKING DOCUMENT SUMMARY OF THE IMPACT ASSESSMENT. Accompanying the document
EUROPEAN COMMISSION Brussels, 7.3.2012 SWD(2012) 23 final COMMISSION STAFF WORKING DOCUMENT SUMMARY OF THE IMPACT ASSESSMENT Accompanying the document Proposal for a Regulation of the European Parliament
More informationGBV-Kolloquium "IT in Banken und Börsen" - WS 02/03. Trading, listing, membership network. Clearinghouse/Central counterparty (CCP) EurexClearinghouse
Deutsche Börse Kolloquiumstag der Univesität Gießen December 6, 22 Deutsche Börse - the Markets Company Deutsche Börse Trading, listing, membership network Cash market Derivatives market Other markets
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 informationMarket compass for China. The coming wave of globalisation
Market compass for China The coming wave of globalisation The People s Republic of China An exceptional set of records For the past two decades, China s economy has reshaped the world with double digit
More informationThe CMU Fund Order Routing and Settlement Service
The CMU Fund Routing and Settlement Service by the Financial Infrastructure Department Investment funds have become an increasingly important international financial intermediation channel in addition
More informationCROSS-BORDER ACCESS PLATFORM. Mainland Investors. International Investors. Equity. Commodities FIC. Mainland Products. International Products
1 OVERVIEW Hong Kong is entering a new phase as a leading international financial centre. The scale and depth of the world s interaction with Mainland China s markets and investors are being transformed
More informationBoom time for the offshore RMB bond market
Boom time for the offshore RMB bond market More centres of issuance, easier access for international investors and the step-by-step relaxation of capital controls - all spell surging growth for China s
More information62 BANQUE CENTRALE DU LUXEMBOURG ANNUAL REPORT 2002 III
62 BANQUE CENTRALE DU LUXEMBOURG ANNUAL REPORT 2002 I II III Iv annual report 2002 IV PART iv PAYMENT AND SECURITIES SETTLEMENT SYSTEMS 63 Payment and securities settlement systems iv Payment and securities
More informationBy Research & Planning Department
By Research & Planning Department Securities borrowing and lending (SBL) is growing globally and in the Hong Kong market. It is an institutional business, requiring sophisticated systems and expertise.
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 informationExchange Thoughts Brown Brothers Harriman s ETF Newsletter
Brown Brothers Harriman s ETF Newsletter Chinese ETF Launches in US and Europe Signal New Opportunities Introduction... 3 Developments in the RQFII Space... 4 Routes to Market: Local Partner or Independent?...
More informationTarget 2 Securities and. Challenges and opportunities for the European Fund Distribution
Target 2 Securities and T+2 Settlement Challenges and opportunities for the European Fund Distribution Dominique Valschaerts Chief Executive Officer Fundsquare S.A. Olivier Portenseigne Chief Commercial
More informationAs an investment manager, you need. to efficiently run back- and middle-office. operations so you can concentrate on your
O P E R A T I O N A L A N D C O S T E F F I C I E N C I E S F O R A C O M P E T I T I V E E D G E I n v e s t m e n t O p e r a t i o n s O u t s o u r c i n g F O C U S O N Y O U R C O R E S T R E N G
More informationBNP Paribas Official Institutions Programme of events 2015I 1. WELCOME to the BNP Paribas Official Institutions Training and Conference agenda
BNP Paribas Official Institutions Programme of events 2015I 1 WELCOME to the BNP Paribas Official Institutions Training and Conference agenda 2015 BNP Paribas Official Institutions Programme of events
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 informationDTCC: An Overview. Larry Thompson, DTCC Managing Director and General Counsel. August 2013 DTCC
DTCC: An Overview Larry Thompson, DTCC Managing Director and General Counsel August 2013 1 DTCC: Introduction User-owned cooperative that through its subsidiaries provides secure, reliable, costeffective
More informationA REGIONAL GATEWAY FOR RMB. Singapore
A REGIONAL GATEWAY FOR RMB Singapore GROWING INTERNATIONAL AND REGIONAL ROLE OF THE RMB Rising Potential for International use of RMB China accounts for more than 10% of global trade and investment flows
More informationOperation of Intermediated Securities in Turkey: Best Practices and Challenges
Operation of Intermediated Securities in Turkey: Best Practices and Challenges M. Kubilay DAĞLI Chief Expert E-mail: Kubilay.dagli@spk.gov.tr November 2013, İstanbul Market Participants BORSA ISTANBUL
More informationPICTET GROUP CONSOLIDATED FINANCIAL STATEMENTS AT 30/06/2014. Pictet Group. Consolidated financial statements at 30 June 2014
PICTET GROUP CONSOLIDATED FINANCIAL STATEMENTS AT 30/06/2014 Pictet Group Consolidated financial statements at 30 June 2014 Contents Introduction and key figures 2 Consolidated balance sheet at 30 June
More informationDCI Investment Trust. Da Cheng China RMB Fixed Income Fund. Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum )
DCI Investment Trust Da Cheng China RMB Fixed Income Fund Addendum to the Explanatory Memorandum dated January 2012 ( Explanatory Memorandum ) IMPORTANT NOTE: This Addendum is supplemental to and forms
More informationThe Polish Capital Market and Post-trading Infrastructure in the New EU Regulatory Era
The Polish Capital Market and Post-trading Infrastructure in the New EU Regulatory Era Ph.D. Iwona Sroka, President & CEO, KDPW and KDPW_CCP EMEA Audit Parters' Meeting Warsaw, 26 September 2014 25 Years
More informationPerformance you can count on.
Performance you can count on. Unlocking the potential. 2 SIX is the backbone of the financial industry. With our unique integrated business model, efficient infrastruc - ture and flexible, innovative so
More informationFinancial services Did you know
Did you know With 3.5 trillion in assets under management, Luxembourg is the number one investment fund centre in Europe and second worldwide. Building on cross-border expertise Luxembourg has developed
More informationUOB launches yuan products for investors to participate in China s growth
UOB launches yuan products for investors to participate in China s growth New Renminbi deposit and fund products benefit from an appreciating Renminbi and its increasing internationalisation SINGAPORE,
More informationUltrafast connectivity solutions
Market Data + Services Ultrafast connectivity solutions Offering speed and reliability 2 Introduction Table of Contents 3 Introduction Availability and speed matter Table of Contents The Deutsche Börse
More informationXetra. The market. Xetra: Europe s largest trading platform for ETFs. ETF. One transaction is all you need.
Xetra. The market. Xetra: Europe s largest trading platform for ETFs ETF. One transaction is all you need. Deutsche Börse Group is the leading global service provider to the securities industry. Its cutting-edge
More informationEuroclear UK & Ireland. Becoming a client. What you need to know about the CREST system and how to become a member
What you need to know about the CREST system and how to become a member Why become a client of? 1 Who can become a client of? 2 How to become a client of 3 How does the CREST system work? 5 Tariff 9 Further
More informationwww.deutsche-boerse.com From trading floor to electronic marketplace Deutsche Börse Group
www.deutsche-boerse.com From trading floor to electronic marketplace Deutsche Börse Group Deutsche Börse Group Deutsche Börse Group We make markets work Contents Deutsche Börse Group What is an exchange
More informationHFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund )
PRODUCT KEY FACTS HFT (HK) CHINA INVESTMENT SERIES II HFT (HK) CHINA HIGH YIELD BOND FUND (the Sub-Fund ) Issuer: HFT Investment Management (HK) Limited April 2015 This statement provides you with key
More informationMarket Data + Services. N7 advanced network solutions. Global reach. Highest bandwidth. Proven reliability.
Market Data + Services N7 advanced network solutions Global reach. Highest bandwidth. Proven reliability. N7 advanced network solutions 3 N7 your infrastructure for new opportunities To compete in today
More informationMessage from the Partners
In Brief In Brief March 2016 Our primary responsibility is for the interests of our clients. As a matter of principle all partners are available to meet clients and do so regularly. 1 Message from the
More informationwww.deutsche-boerse.com From trading floor to electronic marketplace Deutsche Börse Group
www.deutsche-boerse.com From trading floor to electronic marketplace Deutsche Börse Group Deutsche Börse Group Deutsche Börse Group We make markets work Contents Deutsche Börse Group What is an exchange
More informationEvaluation of the Securities Settlement System
of the Securities Settlement System September 2007 Introduction This note presents an evaluation of the securities settlement system managed by S.D. Indeval S.A. de C.V., Mexico s central securities depository,
More informationMarket Making for Exchange Traded Funds. Corporates & Markets
Market Making for Exchange Traded Funds Corporates & Markets Commerzbank your trusted partner in the ETF market Since the start of the new millennium, exchange traded funds (ETFs) have experienced phenomenal
More informationThink Asia Think Hong Kong, Paris Hong Kong: Asia s Premier Asset and Wealth Management Centre 28 October 2014
Think Asia Think Hong Kong, Paris Hong Kong: Asia s Premier Asset and Wealth Management Centre 28 October 2014 Keynote Address by the Hon Mrs Laura Cha Chairman of Financial Services Development Council,
More informationIn Brief February 2015
In Brief In Brief February 2015 Our primary responsibility is for the interests of our clients. As a matter of principle all partners are available to meet clients and do so regularly. 1 Message from
More informationShanghai /Hong Kong Stock Connect
www.pwccn.com Shanghai /Hong Kong Stock Connect Day 2 Developing a sustainable operating model Introduction We, like many commentators, view Stock Connect as a highly significant step along the road to
More informationInternational Capital Markets Association. Operations Certificate Programme. Programme Syllabus
International Capital Markets Association Operations Certificate Programme Programme Syllabus Created by Keith Dickinson Contents 1. INTRODUCTION...3 2. STRUCTURE OF THE OCP SYLLABUS...4 3. SUBJECT AREAS...5
More informationFinancial infrastructure in Hong Kong. Foreword. Foreword
Contents Page Foreword 28 Introduction 30 Importance of financial infrastructure 31 Strategic objective 32 Financial infrastructure in Hong Kong 34 Payment systems 35 Debt securities settlement system
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 informationIntroduction to Fixed Income (IFI) Course Syllabus
Introduction to Fixed Income (IFI) Course Syllabus 1. Fixed income markets 1.1 Understand the function of fixed income markets 1.2 Know the main fixed income market products: Loans Bonds Money market instruments
More informationList of Tariffs applicable as of 1 July 2016
Patria Finance, a.s., Jungmannova 745/24, 110 00 Prague 1, Czech Republic, ID No. 26455064 Registered with the Commercial Register, Section B, File No. 7215 Maintained by the Municipal Court in Prague
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 informationFinancial Business Solutions for Corporates and Institutions
Financial Business Solutions for Corporates and Institutions GLOBAL EXPERTISE, LOCAL SOLUTIONS As a leading banking and financial services provider, we are ideally placed to support you and your projects
More informationCHAPTER I GENERAL PROVISIONS
China Securities Depository and Clearing Corporation Ltd. Implementing Rules for Registration, Depository and Clearing Services under the Shanghai-Hong Kong Stock Connect Pilot Program Declaimer: For the
More informationTARGET2 a single Europe for individual payments. Department Payments and Settlement Systems
a single Europe for individual payments Department Payments and Settlement Systems Page 2 TARGET2 single technical platform for processing urgent euro payments TARGET2 is the real-time gross settlement
More informationInformation event for future DCA holders: Euro liquidity management. Introduction T2S: technical challenges and opportunities for liquidity
DEUTSCHE BUNDESBANK Frankfurt, 16 December 2013 Jochen Metzger Head of the department Payments and settlement systems Information event for future DCA holders: Euro liquidity management in view of T2S
More information2014 Financial information
2014 Financial information Presence in 34 countries Covering over 100 markets 8,134 administered funds 62 million transactions processed USD 8,950 billion assets under custody USD 1,717 billion assets
More informationLOCAL INSIGHTS, GLOBAL EXPERTISE. Northern Trust in Australia and New Zealand
LOCAL INSIGHTS, GLOBAL EXPERTISE Northern Trust in Australia and New Zealand EXPERTISE, INNOVATION AND A LONG-TERM VIEW As an institutional investor, you need a highly collaborative, trusted provider who
More informationXetra. The market. Xetra: Europe s largest trading. ETF. One transaction is all you need.
Xetra. The market. Xetra: Europe s largest trading platform for ETFs ETF. One transaction is all you need. 2 3 Deutsche Börse Group is the leading global service provider to the securities industry. Its
More informationIndustrial and Commercial Bank of China Limited Dealing frequency: Daily on each business day *
APRIL 2016 This statement provides you with key information about Income Partners RMB Bond Fund (the Sub-Fund ). This statement is a part of the offering document and must be read in conjunction with the
More informationFrom a Custodian's Perspective - The Broad Brushstrokes of the QFII program
From a Custodian's Perspective - The Broad Brushstrokes of the QFII program Tracy Lee Vice President, Sales & Business Development HSBC Securities Services, HSBC Singapore RESTRICTED Agenda A.Overview
More informationInternational Equity Markets. Dora Chen, Zhen Zhang, Daisy Guo, Spencer Hu,
International Equity Markets Dora Chen, Zhen Zhang, Daisy Guo, Spencer Hu, International Equity Markets Chapter Objective: This chapter continues discussion of international capital markets with a discussion
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 informationCiti OpenInvestor. OpenLend. Securities Lending Solutions. Customized Programs to Optimize Portfolio Performance
Citi OpenInvestor sm OpenLend sm Securities Lending Solutions Customized Programs to Optimize Portfolio Performance 2 Citi Transaction Services Innovative Solutions for a Sophisticated Market Lending programs
More informationProxy Voting Service. Product Description
Proxy Voting Service Product Description Proxy Voting Service Product Description Document number: 6639 This document is the property of Clearstream Banking S.A. ( Clearstream Banking ). No part of this
More informationImpact Assessment of Clearing and Settlement Regulations 1
Final Report Impact Assessment of Clearing and Settlement Regulations 1 Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW) (Centre for European Economic Research) Mannheim, January 2006 Matthias Köhler
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 informationWealth Management Education Series. Cultivate an Understanding of Bonds
Wealth Management Education Series Cultivate an Understanding of Bonds Wealth Management Education Series Cultivate an Understanding of Bonds Managing your wealth well is like tending a beautiful formal
More informationESMA Discussion Paper on Central Securities Depositories Regulation
European Securities Markets Authority 103, rue de Grenelle 75007 Paris 22 May 2014 Submitted via online form RE: ESMA Discussion Paper on Central Securities Depositories Regulation Dear Sirs, BlackRock
More informationnew york offi ce Latitude N 40 42' 36" Longitude W 74 0 0"
new york offi ce 40 Latitude N 40 42' 36" Longitude W 74 0 0" New York Luxembourg, your entry point to Europe Ideally situated at the cross-roads between France, Belgium and Germany, Luxembourg is a small
More informationStructure Products Asia 2006
Structure Products Asia 2006 China Structured Products : Innovation and Evolution Chin-Chong Liew Partner and Head of Derivatives & Structured Products Asia (Ex-Japan) 23 November 2006 Hong Kong 2 Chinese
More informationThe FTSE China Onshore Bond Index Series
Research The FTSE China Onshore Bond Index Series ftserussell.com May 2015 China is now the world s largest economy (when measured by purchasing power parity (PPP) 1 ) and the largest trading nation 2.
More informationReport of the Study Group on the Shortening of the Stock Trading Settlement Cycle (T+2) (abstract)
Report of the Study Group on the Shortening of the Stock Trading Settlement Cycle (T+2) (abstract) March 17, 2015 Secretariat for Study Group on the Shortening of the Stock Trading Settlement Cycle (T+2)
More informationFinancial Services Training
Financial Services Training Diverse Topics...03 Cash Processing and Management...04 Finance for Non - Financial Managers...05 International Financial Markets...06 Life Insurance and Pension Products...07
More informationChina s Unwinding Stock Market Bubble
China s Unwinding Stock Market Bubble The Chinese equity market is experiencing significant volatility, exhibiting the classic signs of a bubble fueled by changing government regulation. Chinese authorities
More informationRussia Regulation. 2.1 Type of funds. Joint stock investment funds. Mutual funds
Russia Regulation FUNDS AND FUND MANAGEMENT 2010 2.1 Type of funds Current Russian legislation establishes the following investment vehicles for the Russian securities market. Joint stock investment funds
More informationPRODUCT KEY FACTS BOCHK RMB Fixed Income Fund
PRODUCT KEY FACTS BOCHK RMB Fixed Income Fund a sub-fund of the BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 29 April 2016 This statement provides you with key information about
More informationINTRODUCTION HOW DTCC S MARGIN TRANSIT WILL HELP THE INDUSTRY MANAGE A HIGHER VOLUME OF MARGIN CALLS WHO IS THE MARGIN TRANSIT SERVICE FOR?
DTCC MARGIN TRANSIT INTRODUCTION Derivatives regulations and new capital and liquidity requirements for financial institutions remain the key drivers of new collateral demands. Recent estimates based
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 informationThe Global Development of RMB Forex Futures, and TAIFEX s RMB Forex Futures Products
The Global Development of RMB Forex Futures, and TAIFEX s RMB Forex Futures Products (Updated October 1, 2015) Global products utilize a variety of underlyings, including individual stocks, stock indexes,
More information83118 - RMB counter 03118 - HKD counter. 100 Units- RMB counter 100 Units HKD counter 3.10% MSCI China A Index. Renminbi (RMB) 31 December
Issuer: Harvest Global Investments Limited PRODUCT KEY FACTS Harvest MSCI China A Index ETF A sub-fund established under the Harvest Funds (Hong Kong) ETF This is an exchange traded fund. This statement
More information