The redesigned service uses the existing CLSSettlement platform, enabling CCPs to connect and submit bilateral settlement instructions on behalf of their clearing members
The definitive agreement is expected to close in the coming months, subject to regulatory approvals, applicable employee requirements and customary conditions
The authorities will continue to adopt a coordinated approach as they progress towards publication of a final policy statement in the second half of 2025
Year-to-date for volume outstanding also increased, rising 3 per cent to €738.12 billion for 2025, compared to €717.19 billion for the equivalent period in 2024
Launched in January, the project will use the Canton Network’s privacy capabilities to create an on-chain collateral and margin management solution for bilateral derivatives
He will work closely with the firm’s trading, risk, operations, technology and client service teams and will also be overseeing margin, collateral and settlement processes
The guide provides financial institutions and service providers with a high-level overview of the governance structure, processes, and supervisory tools