Latest Market Intelligence on Global Capital Market Infrastructures

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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Top Stories

Belgium, France, Netherlands, Portugal, UK - NYSE Euronext Clearing Strategy

NYSE Euronext has announced plans to begin clearing European securities and derivatives through two new clearing houses based in London and Paris in late 2012, ending the contracts with LCH.Clearnet Ltd in London and LCH.Clearnet SA in Paris...

Egypt - New Market Enhancing Rules from EFSA

The Egyptian Financial Supervisory Authority (EFSA) in a recent board of directors meeting, has approved the following points in order to stimulate and improve the Egyptian capital market as well as trading volumes...

Korea - Local Banks to Be Permitted to Lend Funds for Securities Investments - Updated

Further to our previous market newsflash, the amendment to the Banking Act was officially promulgated on 17 May 2010 and will take effect from 18 November 2010. The revised Act abolishes restrictions on banks providing loans to foreign...

New Zealand - NZCSD to Launch Electronic Registry Interface

The New Zealand Central Securities Depository (NZCSD) will launch the Electronic Registry Interface (RI) into production in June 2010. The RI will be optional and will allow eligible market participants to enter...

Russia - FFMS Announces CSD Concept - Update

In an update to our previous newsflash, the Federal Financial Market Services (FFMS) revealed further information in relation to the introduction of a Central Securities Depository (CSD) concept in Russia. The salient points are...

Total Number of Thomas Murray Flashes Issued: May 2010

Depository/CSD Risk Flashes 69 (849 year on year)
Capital Market Infrastructure Risk Flashes 75 (934 year on year)

Worth Knowing

Depository Risk Flashes

Bosnia and Herzegovina - CRS Introduces Clearing Fee on Debt Securities Transactions

Croatia - SKDD Issues SBL Proposal

Luxembourg - Clearstream To Launch Luxembourg CSD - Update

Poland - KDPW to Implement SWIFT

Turkey - Business Continuity Test at CRA

Vietnam - VSD Centralises Clearing and Settlement Operations

China - Proposal to Revise the Administration Rules on Clearing Participants

Italy - Fails Netting Mechanism Proposed at CC&G

Pakistan - Proposal to Allow Custodian Banks to Become NCCPL Members

Spain - Spanish Clearing, Settlement and Registry System Reform - Update

United Arab Emirates - NASDAQ Dubai and DFM Consolidation - Update

Zambia - Settlement of Securities Transaction Related Payments via ZIPSS - Update

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June 2010

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For further information contact:

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