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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 June 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 Increases Guarantee for KELER CCP

Following a members' meeting on 13 May 2009, Keler Central Counterparty Ltd (KELER CCP Ltd.) has approved the agreement on the guarantee undertaken by the Hungarian Central Depository (KELER) with regards to the operation of KELER CCP...

Ukraine - UX Launched REPO Market

The Ukrainian Exchange (UX) launched a REPO market on 14 May 2009, in an aim to improve the market liquidity and offer additional opportunities for market participants at the UX by providing additional types of transactions...

Zambia - Settlement of Securities Transaction Related Payments via ZIPSS

The Lusaka Stock Exchange (LuSE), Stock Brokers, Bank of Zambia (BoZ) and the commercial banks have signed an agreement to settle payments of security trade transactions through the Zambia Inter-bank Payment and Settlement System...

Mexico - Indeval Requires Mandatory Matching of FOP Deliveries

On 25 May 2009, the S.D. Indeval (Indeval) implemented a new requirement through its settlement system, DALI to match the delivererís and receiverís Free of Payment (FOP) instructions prior to settlement. This mechanism is aimed...

Vietnam - VSD to Enhance Connection with its Members - Update

Further to our previous newsflash regarding the upgrade of the depository system at the Vietnam Securities Depository (VSD) allowing an electronic linkage with participants, VSD hosted a workshop to introduce the new system...

Total Number of Thomas Murray Flashes Issued: May 2009

Depository/CSD Risk Flashes 58 (943 year on year)
Capital Market Infrastructure Risk Flashes 69 (867 year on year)

Worth Knowing

Depository Risk Flashes

Brazil - Private Equity Fund to Acquire Stake of CETIP - Update

Kuwait - Change to Corporate Action Entitlements Calculation Methodology

Italy - Monte Titoli Corporate Actions Working Group

Korea - KSD Plans to Introduce Electronic Voting System - Update

Poland - Depository and Settlement System Improvements at KDPW - Update

Capital Market Infrastructure Risk Rating Flashes

Turkey - Dematerialisation of Government Securities

Denmark, Finland, Iceland, Sweden - NASDAQ OMX Group Enters into MOU with SIX x-clear and EuroCCP

USA - Possible Elimination of Broker Vote Rule

New Zealand - NZX to Launch New Centralised Clearing House System

Greece - BrokerTec Direct Settlement via BoG

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June 2009

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For further information contact:

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