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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 January 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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United Arab Emirates - NASDAQ Dubai Becomes Subsidiary of DFM

The Dubai Financial Market (DFM) has reached an agreement with the Borse Dubai Limited (Borse Dubai) and NASDAQ OMX Inc. (NASDAQ OMX) to acquire 66.7% and 33.3% share capital of NASDAQ Dubai respectively...

Kenya - Introduction of Settlement Limits and Increase of Guarantee Fund Contributions at CDSC

The Central Depository Settlement Corporation (CDSC) is to introduce settlement limits/caps from 11 January 2010. The daily settlement amount will vary depending on the sales and purchases activities of market participants...

Russia - NCC as CCP for MICEX Stock Market - Update

In an update to our previous newsflash, the Moscow Interbank Currency Exchange (MICEX) will launch a central counterparty (CCP) for MICEX trades in January 2010. Accordingly, MICEX will initially act as the CCP and clearing entity...

Austria - Modified CCP.A Clearing Rules

Following the approval of the Austrian Financial Authority (FMA), the modified CCP.A Clearing Rules will become effective on 1 January 2010. The amendments include: Requirements for Clearing Members...

Korea - Proposed Changes to the Securities Settlement System

The Financial Services Commission (FSC), Korea Exchange (KRX), Korea Securities Depository (KSD) and Bank of Korea (BOK) have proposed to revamp the securities settlement system. The proposed changes include...

Canada - Rebates and Discounts for 2009 Announced by CDS

On 11 December 2009, CDS Clearing and Depository Services Inc. (CDS) announced a CAD 8.5 million rebate to its participants, which will be deposited in their accounts as a holiday bonus. Including this rebate...

Total Number of Thomas Murray Flashes Issued: Dec 2009

Depository/CSD Risk Flashes 74 (905 year on year)
Capital Market Infrastructure Risk Flashes 80 (973 year on year)

Worth Knowing

Depository Risk Flashes

Jordan - SDC (Jordan) Depository Report Updated and Rating Upgrade

USA - DTCC’s Proposal to Change P&I Processing

Poland - KDPW Strategic Plans

Indonesia - KSEI Revises Regulation on Central Depository Services

Ukraine - AUSD (Ukraine) Depository Report Updated

Capital Market Infrastructure Risk Rating Flashes

Netherlands - AFM Extends Short Selling Regulations

Ukraine - SCSSM Launched Central Source for Shareholders' Meetings Announcements

Egypt - MCDR to Launch EDRs - Update

Singapore - Reporting and Disclosures of Short Selling Activities - Update

Colombia - DECEVAL Recognised as the Official National Numbering Agency in Colombia - Update

New Zealand - RBNZ and NZX Potential Joint Venture to Provide Clearing and Settlement Services

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January 2010

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For further information contact:

Derek Duggan, Director.
Tel: +44 (0)20 8600 2300
Email: dduggan@thomasmurray.com