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)
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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