• As the financial world seeks its path among new interest rate benchmarks, LCH says it is first to offer clearing of Euro-denominated swaps tied to the new reference Euro Short-Term Rate (€STR). Morgan Stanley and LBBW are among its backers.

  • VP Securities’ investment in the T2S platform offers a number of opportunities for business growth and expansion. To take advantage of the opportunities the T2S platform affords, VP is embarking on a new strategic direction; one that will strengthen its core business and bring more...

  • VP Securities’ migration of securities settlement in Danish Kroner (DKK) to TARGET2-Securities (T2S) was an important step towards making the Danish market an integrated part of the European capital market infrastructure. This migration opens up an opportunity to make it easier for international investors to...

  • Chairman Don Robert of London Stock Exchange Group has sent a message to Charles Li, head of Hong Kong Exchange and Clearing: “Given the fundamental flaws in your proposal, we see no merit in further engagement.”

  • Hong Kong Exchanges (HKEX) says it plans to offer around £30 billion for the London Stock Exchange Group – which half-interestedly describes the proposal as “unsolicited, preliminary and highly conditional”. Even so, it could put LSEG’s initiated mega-merger with Refinitiv in limbo.

  • Market participants who migrate OTC interest rate derivative positions to Germany-based Eurex Clearing, as part of preparations for Britain’s upcoming EU exit, will not have to pay any booking fees until New Year.

  • A year passes quickly – and on 14 September we start counting down one year to the enforcement of CSDR, with its tough penalties for settlement failures. Heiko Stuber, senior product manager at SIX, lines out the tight challenge ahead, not least for custodians.

  • Effective 26 August 2019, VP is now able to support fixed rate bonds with a negative coupon with a lifetime of up to 30 years. This announcement comes shortly after Jyske Realkredit became the first mortgage credit institution to issue a fixed rate callable bond...

  • After a near-two-year process, Finland’s ministry of finance authorises Euroclear as CSD under the EU’s new Central Securities Depository Regulation.

  • Starting at new-year, VP Securities will offer a new, simpler price structure for exchange traded products (ETP). Could you get it less expensive?