Vikesh Patel’s Post

In the last quarter of 2024, Cboe Clear Europe (CCE) received regulatory approval for securities financing transaction (SFT) clearing. We speak with CCE’s Vikesh Patel, president and global head of Clearing, and Jan Treuren, senior director for Product, about the tailwinds for the service and its model for buy-side membership without the margin. Anna Reitman More on #finadium: https://lnkd.in/eDTwzwyY

My latest for Finadium News & Opinion: We get a view on the plans for SFT clearing as regulators weigh models serving the buy-side.

In the last quarter of 2024, Cboe Clear Europe (CCE) received regulatory approval for securities financing transaction (SFT) clearing. We speak with CCE’s Vikesh Patel, president and global head of Clearing, and Jan Treuren, senior director for Product, about the tailwinds for the service and its model for buy-side membership without the margin. Anna Reitman More on #finadium: https://lnkd.in/evetcwyZ

My latest for Finadium: how the testing phase is going for DTCC/CCE workflow optimization for OTC cash equities trades settlement, and a view on how that ends up in cross-margining for seclending

The UTI is driving a new level of transparency and efficiency across securities settlements If you’re interested in learning more about these innovations, this article is a must-read! Jonathan Ehrenfeld Solé #Securities #PostTrade #CapitalMarkets #Innovation #FinancialServices

We will support Swift (LEI HB7FFAZI0OMZ8PP8OE26) and the securities industry in promoting the UTI alongside the LEI that it contains. I share Jonathan Ehrenfeld Solé’s view that both standards improve transparency and bring efficiency gains to the Securities industry. “We worked with about 50 financial institutions to think about what the best options are to be able to track end-to-end and both sides. We reviewed a number of candidates, but long story short, the best candidate was to use the UTI. This is because it is an ISO reference that is already used for regulations like SFTR. It contains the LEI, which makes it a perfect candidate to know who is the issuing party of the UTI. And it is already in a format that can be hosted in any message, whether that’s a Swift message or a FIX message or anything else, because it’s a string of characters for a unique reference that is already used. It’s not ambiguous. It’s unique to both sides of the transaction.” Jonathan Ehrenfeld Solé, Head of Strategy at Swift.

📢 Faster, Smarter Settlement Now Live on Euronext’s Pan-European Warrants & Certificates MTF Bilateral Settlement is now enhanced, more cost-efficient, and fully internalised within Euronext Securities – streamlining operations and reinforcing our commitment to driving client growth. Our in-house Bilateral Settlement capability offers trading members and their settlement agents: 🕒 Greater flexibility with daily settlement data available up to 2 hours earlier, optimising market participants’ operations. 💰 Cost reductions of 55% to 90%, delivering substantial savings for our clients. This innovative solution underscores #Euronext’s dedication to improving clients’ post-trade processes and delivering value by leveraging our integrated value chain through the Euronext Securities network of #CSDs. 💡 Want to join our Bilateral Settlement offering for Euronext’s Securitised Derivatives products? ✉️ Contact us at [email protected]

Cboe Clear Europe is today delighted to announce that it has received regulatory approval to clear European Securities Financing Transactions (SFTs). With this approval, we are able to introduce a first-of-its-kind service for European SFT transactions in cash equities and ETFs, which includes central clearing, settlement and post-trade lifecycle management. Read more in the press release: https://lnkd.in/eYtQGZge

We are excited to build out this new clearing eco-system in collaboration with market participants and are already in advanced discussions with a wide variety of firms, including banks, asset managers, broker-dealers, and Agent Lenders - representing beneficial owners like pension funds and UCITS - to help ensure a smooth launch in the coming weeks and months. This service is supported by our best-in-class risk management framework, offering clients the advantage of Cboe Clear Europe's extensive settlement experience and broad direct connectivity to 19 European CSDs. Initially, the service will cover key European markets, with plans to expand the offering based on client demand and market developments

Proud to share that Nasdaq CSD has become the first European CSD to gain full connectivity to all T2S markets through Clearstream’s German central securities depository. This pioneering cooperation provides Nasdaq CSD’s participants with access to a large pool of European markets for securities settlement and asset servicing. More specifically: · Nasdaq CSD adopts Clearstream’s Investor CSD solution, granting Baltic banks direct access to all TARGET2-Securities (T2S) markets. · The partnership reduces cross-border settlement fees for foreign securities. · Nasdaq CSD is the first Central Securities Depository (CSD) in Europe to implement this service. #BalticMarket Clearstream #PostTrade #CMU