Latest news with #posttrade
Finextra
15-07-2025
- Business
- Finextra
Euroclear unveils plan for post-trade infrastructure connecting all 27 EU markets
Euroclear today unveils a comprehensive plan to establish a true single market for post-trade services across asset classes. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This initiative, aimed at enhancing the efficiency and effectiveness of European market infrastructure, will support the Savings and Investments Union's (SIU) ambitions and ensure Europe remains the 'go-to place' for investors and issuers globally. Euroclear's ambitious project will bring a number of significant benefits, including providing seamless connectivity across the single market, encouraging healthy market competition, promoting financial stability, and fostering innovation and accelerated technology adoption. To do so, Euroclear builds on the know-how, scale and global connectivity of its unique model: combining the leading international Central Securities Depository (Euroclear Bank) with its six local CSDs in Europe. This open-model positions Euroclear as Europe's gateway to the world - enabling it to connect global markets, drive innovation and unlock further efficiency. Euroclear commits to provide a single point of access to all 27 Member States across all financial asset classes – equities, fixed income and all types of funds, by: • Offering both central bank money and commercial bank money access to all EU CSDs by accelerating the full connection of Euroclear Bank to the European Central Bank's Target2-Securities (T2S) platform. • Delivering more efficient and integrated services through enhanced synergies between Euroclear's local CSDs as well as with Euroclear Bank. This action plan will see Euroclear continue to invest in infrastructure and services that contribute to a more efficient single market: • Providing a pan-European infrastructure for issuers seeking access to a broad investor ecosystem, deep liquidity and cost-effective issuer services. • Enhancing post-trade infrastructure to channel retail and institutional investment towards equities, mutual and alternative fund products. • Building on our leading collateral management solutions to enhance liquidity and stability in global financial markets. • Working with central banks and market participants on the development of next-generation digital infrastructure. To implement this action plan, Euroclear's focus will be to complete Euroclear Bank's commercial bank money access to all 27 EU Member States by 2026. In parallel, we will accelerate Euroclear Bank's connection to T2S to offer Central Bank Money access thereafter. Valérie Urbain, Euroclear's CEO, commented: "The key to more liquid and effective capital markets in Europe is through driving market openness, interconnectivity and maximising choice for users. Only under these conditions can European markets truly thrive and remain competitive at a global level. Today, we are committed to making Euroclear the single-entry point for all asset classes including funds, fixed income and equities across the 27 Member States." Euroclear has been actively contributing to the financing of the European economy and integration of European markets over decades. Today, as the largest CSD group in Europe, Euroclear holds over 50% of all securities issued in the EU and represents over 60% of EU settlement turnover. To support these efforts, Euroclear has outlined several policy priorities and recommendations [ for European policymakers and market participants. These include enabling FMI group integration and regulatory simplification, strengthening open access and competition, fostering legal and regulatory convergence, optimizing settlement and asset servicing, scaling digital assets and DLT infrastructures, and enhancing supervisory consistency.
Finextra
08-07-2025
- Business
- Finextra
Ghana's Central Securities Depository goes live with new platform from Montran
Central Securities Depository (GH) Limited (CSD Ghana), Ghana's leading post-trade institution, has officially gone live with Montran's next-generation Central Securities Depository (CSD) solution, marking a significant milestone in the modernization of Ghana's financial market infrastructure. 0 The new platform—now fully operational—unifies CSD Ghana's core post-trade services, including depository, settlement, registrar, and auction management, under a single robust and scalable system. This implementation enables seamless interaction with key stakeholders across the financial ecosystem, including the RTGS, Ghana Stock Exchange, Bloomberg, and GHIPSS, significantly enhancing efficiency, security, and interoperability. "This go-live represents a strategic leap forward for Ghana's capital markets," said Joseph Oko Lartey, Chief Executive Officer of CSD Ghana. "The ability to offer real-time, integrated, and secure services not only benefits our local stakeholders but also strengthens our global competitiveness. We are proud to collaborate with Montran in delivering this transformation." The new system replaces legacy infrastructure that had become increasingly fragmented and operationally limiting. With Montran's advanced architecture, CSD Ghana now delivers faster settlement cycles, improved liquidity management, and increased resilience to operational risks. The system also reinforces regulatory alignment and positions the institution to support new asset classes and services in the years ahead. A key innovation in this go-live is the launch of CSD Ghana's new Investor Portal, which allows real-time access to investor portfolio data and instant onboarding of new accounts. This feature significantly enhances the user experience and enables more inclusive market participation. "Going live with CSD Ghana is a significant milestone for Montran," said Miguel Espinoza, Head of Capital Markets at Montran. "Our shared vision of financial modernization is now a reality. This infrastructure empowers Ghana's capital markets with the agility, security, and transparency needed to thrive in a fast-evolving landscape." This implementation reinforces CSD Ghana's role as a regional leader in post-trade services and a driving force in Africa's financial market evolution.
Finextra
02-07-2025
- Business
- Finextra
Delta Capita debuts OTC matching service on fragmos Chain
Delta Capita, a global leader in financial services technology and managed services, today launches Elaris OTC, a next-generation global solution designed to streamline and modernise post-trade processes for OTC Derivatives. 0 The OTC derivatives market, valued at approximately $700 trillion according to the Bank for International Settlements (BIS), remains fragmented, with an estimated 20% of trades still confirmed and settled manually. Elaris OTC addresses this inefficiency by offering a fully digitised, automated, interoperable solution. Powered by Fragmos Chain, Elaris OTC is a technology platform that enables seamless and fully automated matching of OTC derivatives trades and lifecycle events between market participants, and achieves interoperability by translating native client messaging formats into the Common Domain Model (CDM) standard. This allows institutions to reduce operational costs and risk significantly while supporting all asset classes and lifecycle events. Crucially, Elaris OTC is more than just a platform: it can be combined with Delta Capita's global OTC confirmation and settlement services to extend automation beyond platform participants. This combination enables users to capture and manage interactions with all counterparties - whether or not they use the platform, and leverages Delta Capita's established service model to deliver straight-through processing and control across the full spectrum of post-trade activity. Mark Aldous, Global Head of Capital Markets Managed Services at Delta Capita, stated: 'This end-to-end offering brings together best-in-class technology and proven operational capabilities. Fully digital, CDM-aligned, and scalable, Elaris OTC sets a new standard for the industry.' Daniel Ivanier, CEO of Fragmos Chain, commented: 'Our technology now powers a truly global post-trade solution. By integrating with Delta Capita's services, Elaris OTC delivers immediate impact and accelerates adoption for both sell side and buy side firms.' This launch builds on Delta Capita's momentum in capital markets innovation, following recent strategic acquisitions and advancements in capital markets technology. It reinforces Delta Capita's role as a trusted partner to global financial institutions seeking scalable, efficient solutions in an ever-evolving market. Elaris OTC follows Delta Capita's multi-year agreement to deliver post-trade OTC derivative services globally for HSBC.
Yahoo
24-06-2025
- Business
- Yahoo
CMC Invest Embarks on Strategic Transformation of Post-Trade Operations in Partnership with Contemi NOVA
SINGAPORE, June 24, 2025 /PRNewswire/ -- CMC Invest, the second largest and most trusted retail stockbrokers in Australia, has announced a strategic initiative to transform and future-proof CMC Connect, its business-to-business (B2B) post-trade operations in New Zealand; partnering with Contemi Solutions to become a full trading and clearing participant of NZX and NZClear. The partnership will see CMC bring its proven brokerage model to New Zealand with Contemi, a technology provider with a strong track record in the market, implementing its NOVA Post Trade Settlement and Clearing platform. This marks a major milestone in CMC's broader vision to scale its business, deliver enhanced client experience, and position itself as a market leader in New Zealand. "At CMC, our ambition has always been to combine innovation with a deep commitment to our clients," said Andy Rogers, Director of Stockbroking, CMC. "As we scale our presence and streamline operations, this transformation is about more than upgrading systems. We are future-proofing our capabilities to meet the growing demands of retail investors, including support for 24-hour trading, multi-time zone operations, and broadening investment options for clients." "This strategic initiative is a reflection of CMC's long-term vision to continually evolve in a dynamic regulatory and market environment," Mr Rogers added. "We are excited about what this partnership will unlock for our clients and our business." As part of its New Zealand offering, CMC will introduce a model of direct ownership through client-specific Common Shareholder Numbers (CSNs). This structure is similar to the Holder Identification Number (HIN) framework used in Australia and will provide New Zealand investors with greater transparency, control, and security over their assets. Gaurav Mehta, CCO, Contemi Solutions, said: "CMC Invest is setting a bold example of how established firms can lead from the front in embracing digital change. We're proud to support their journey and honoured to be part of a partnership that's rooted in shared ambition and trust. With this partnership, we continue to focus on and invest in the Oceanic region and support its continued growth." With a strong presence across global financial hubs and a clear focus on continuous improvement, CMC Invest is positioning itself for the next phase of sustainable growth, driven by operational agility, innovation, and a relentless focus on delivering value. CMC Contemi Solutions & NOVA Post Tradehttps:// View original content: SOURCE Contemi Solutions Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
14-05-2025
- Business
- Associated Press
Euroclear reports strong business income growth in Q1 2025
BRUSSELS, May 14, 2025 /PRNewswire/ -- Results for the first quarter ending 31 March 2025 Financial highlights Strong underlying[1] business growth offsetting lower interest income Following the acquisition of a 49% stake in Inversis (see below), Inversis' results are consolidated as from March 1st, contributing to the group profit for €1.2 million through the share of results. The impacts of the Russian sanctions are detailed in the last section of this press release. Valerie Urbain, Chief Executive Officer of Euroclear, commented: 'We have made a strong start to 2025, reporting a 10% increase in business income driven by robust growth in safekeeping fees and settlement income, offsetting the anticipated decrease in interest income as rates have declined. Despite market volatility and uncertainty, our continued growth shows the strength of our diversified, resilient business model. We continue to closely monitor the impact of tariffs imposed by the US administration announced in early April, but the immediate direct impact on our business so far remains limited. Resilience and reliability remain the top priorities for our business and the volatile backdrop has underscored the strength of Euroclear's systems, which continue to perform highly efficiently and securely during periods of elevated trading volumes. As Europe's largest player in post-trade, continuing to drive market openness, innovation and efficiency is central to our approach and we have made strong progress against our strategic priorities during the start of 2025. Our partnership with Microsoft will further enhance client experience, support our strategic ambitions and drive new opportunities for business growth. We are increasingly leveraging technological evolutions such as AI throughout the business to transform markets and to build an open digital and data-enabled platform that promotes collaboration, drives efficiency and delivers value for all market participants.' Business performance The key operating metrics (end of period unless stated otherwise) demonstrate an excellent business performance during the period. Euroclear has reached record levels in settlement and safekeeping activities, with assets under custody growing for the tenth quarter in a row and closing the first quarter over the €41 trillion mark. The turnover increased by 23% compared to Q1 2024 thanks to high equity quotations, robust results in fixed income and increased settlement activity due to market volatility in the context of geopolitical uncertainty. The outstanding of Euroclear's Collateral Highway now surpasses to €2 trillion, while the funds depot is close to its peak of €3.6 trillion. Q1 2025 business milestones Strategic stake in Inversis Early March 2025, Euroclear successfully completed the acquisition of 49% of Inversis. This first transaction paves the way for the full acquisition of the Spanish company. This aligns with Euroclear's strategic vision to accelerate the growth of its one-stop-shop funds offering – Euroclear FundsPlace – and expand its presence in Southern Europe. Inversis' technology-led, diversified and resilient business model underpinned by continued growth perfectly complements Euroclear's existing funds business. New Singapore branch Further delivering on its Asia strategy, Euroclear Bank received approval for a branch licence in Singapore. Effective 1 February 2025, the new Singapore branch operates under a wholesale banking licence, enabling it to provide a broader range of activities. This change underscores Euroclear's long-standing commitment to the Asia Pacific market and its strategic focus on enhancing operational resilience while increasing proximity to clients in the region. New, innovative service for US Treasury repo market Euroclear launched a US Treasury Delivery-Versus-Payment (DVP) repo service. The service offers cash lenders similar operational efficiency for DVP repo transactions as triparty repo transactions. Repo collateral is held in a segregated account with the cash lender's custodian of choice. Electronic trading workflows on venues are integrated into the new service, making activities such as collateral allocation seamless for cash lenders and their counterparties. Strategic partnership with Microsoft harnessing cloud, data and AI Euroclear entered into a 7-year strategic partnership with Microsoft to transform Euroclear clients' experience and drive new opportunities for growth. The partnership further strengthens Euroclear's business ecosystem and technology infrastructure by leveraging Microsoft's leading technology, expertise and cloud services. This will enhance Euroclear's ability to create value for all market participants and unlock new opportunities at the core of the capital markets ecosystem. Microsoft will support Euroclear's strategic ambition in key growth areas like funds and client experience as well as its long-term vision to evolve into a Digital and Data-Enabled Financial Market Infrastructure. Russian sanctions impacts Financial impacts of the Russian assets Update on Russian sanctions and countermeasures Russia's invasion of Ukraine in February 2022 resulted in market-wide application of international sanctions. Euroclear considers the application of international sanctions as a key obligation. Therefore, well established processes are in place which have allowed the group to implement the sanctions while maintaining our normal course of business. As a result of the sanctions, blocked coupon payments and redemptions owed to sanctioned entities continue to accumulate on Euroclear Bank's balance sheet. At the end of March 2025, Euroclear Bank's balance sheet totalled €230 billion, of which €195 billion relate to sanctioned Russian assets. In line with Euroclear's risk appetite and policies and as expected by the EU Capital Requirements Regulation, Euroclear's cash balances are re-invested to minimise risk and capital requirements. In the first quarter of 2025, interest arising on cash balances from Russian-sanctioned assets was approximately €1.5 billion. In May 2024, the European Commission has adopted a new regulation about a windfall contribution applicable to CSDs holding Russian Central Bank assets with a total value of more than €1 million. The profits generated by the reinvestment of these sanctioned amounts dating from 15 February 2024 onwards are required to be contributed to the European Fund for Ukraine. After retention of a 10% share of the windfall contribution to comply with capital and risk management requirements, Euroclear paid approx. €3.5 billion to the European Fund for Ukraine for the 2024 fiscal year. Euroclear continues to act prudently and to strengthen its capital by retaining the remainder of the Russian sanction related profits as a buffer against current and future risks. Euroclear is focused on minimising potential legal, financial, and operational risks that may arise for itself and its clients, while complying with its obligations. As a direct consequence of the sanctions and countermeasures, Euroclear faces multiple proceedings in Russian courts. Since Russia considers international sanctions against public order, Russian claimants initiated legal proceedings aiming mainly to access assets blocked in Euroclear Bank's books, by claiming an equivalent amount in Russian Ruble and enforcing their claim in Russia. Despite all legal actions taken by Euroclear and the considerable resources mobilised, the probability of unfavourable rulings in Russian courts is high since Russia does not recognise the international sanctions. [1] Excluding Russian sanctions impacts [2] Based on estimated RWA of around €14.4 billion (of which around €6,3 billion of RWA are related to Russian assets) and CET1 capital of around €8.8 billion About Euroclear Euroclear group is the financial industry's trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International. Contact: Pascal Brabant, [email protected], +32 475 78 36 62 Photo - Photo - Logo - View original content to download multimedia: SOURCE Euroclear
