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Thomas Murray - Monthly Newsletter

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our May newsletter. This newsletter provides access to the top stories we reported on as part of our on-going surveillance of local capital markets worldwide. We currently track over 100 securities markets, 140 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 88 markets worldwide, assessing the post trade risk exposures faced by international investors.

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Hungary - KELER to Separate Clearing Member's Client Omnibus Account

At the last Custodian Forum, KELER presented the proposed clearing and settlement enhancements for the CSD and received support from custodians. Amongst the changes, KELER's members will...

Russia - NDC to Reorganise - Update

In an update to our previous newsflash, during the general meeting of shareholders of the National Depository Center (NDC) was held on 28 April 2009, it was decided that NDC will be reorganised into a Closed Joint-Stock Company (CJSC)...

USA - DTC to Enhance SPP Reversal Process

The Depository Trust Company (DTC) announced a proposal to enhance its Settlement Progress Payment (SPP) reversal process, in an aim to simplify the SPP return and Principal and Interest (P&I) withdrawal process...

Belgium, Finland, France, Ireland, Netherlands, Sweden, UK - New Modular Delivery of Single Platform

Pursuant to the recent implementation of the Euroclear Settlement for Euronext-zone Securities (ESES) platform, Euroclear Group has announced a revised roll-out plan for the implementation of the Single Platform...

Australia - Risk Management Changes to ASXs CCP Services - Update

Further to our previous newsflash, the Federal Government advised that the deadline to comply with the AUD 10 million minimum liquid capital requirement for clearing participants has been postponed...

Total Number of Thomas Murray Flashes Issued: Apr 2009

Depository/CSD Risk Flashes 75 (946 year on year)
Capital Market Infrastructure Risk Flashes 79 (854 year on year)

Worth Knowing

Depository Risk Flashes

South Africa - Money Market Dematerialisation Process - Update

UAE - Matching Criteria for NASDAQ Dubai OTC Trades

Bosnia & Herzegovina - Changes to CRS Fees

Spain - Iberclear Introduces Additional Settlement Cycle

Canada - CDS to Launch FINet in April 2009 - Update

Taiwan - TDCC to Launch an e-Voting Platform - Update

Capital Market Infrastructure Risk Rating Flashes

Argentina - BCRA to Relax Repatriation Requirements for Certain New Issued Securities

Romania - Introduction of OTC Trading

Vietnam - MOF Issued Decision on the Regulation of the OTC Market - Update

Finland - Shareholders Rights Directive Amendments

Bahrain - CBB Issues New Clearing, Settlement and Central Depository Module

Indonesia - Short Selling to Be Suspended in Indonesia - Update

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May 2009

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For further information contact:

Derek Duggan, Director.
Tel: +44 (0)20 7830 8300
Email: dduggan@thomasmurray.com