Latest Market Intelligence on Global Capital Market Infrastructures

November, 2011

Thomas Murray - Monthly Newsletter

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our November 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, 130 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 90 markets worldwide, assessing the post trade risk exposures faced by international investors.

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Top Stories

China - Launch of China Securities Finance Company

In an update to our previous newsflash, the China Securities Finance Co Ltd (CSF) was launched on 19 October 2011 with a registered capital of CNY 6 billion (approximately USD 0.94 billion). The CSF will serve as an agent...

Colombia - Change of T+2 to T+3 on FX Spot Settlement Cycle

The Central Bank of Colombia has published External Resolution No. 4 of 2011, which amends the settlement cycle for FX spot transactions. Under this resolution, the settlement of FX spot transactions has been extended from T+2 to T+3...

Denmark, Finland, Iceland, Sweden - CCP Interoperability in Nordic Markets

NASDAQ OMX Nordic announced today, 4 October 2011, that it aims to introduce CCP clearing interoperability model by the end of April 2012 in cooperation with EMCF, EuroCCP and SIX x-clear. Interoperability will allow...

Oman - CMA Issues Clearing and Settlement Regulations

The Capital Market Authority (CMA) issued Decision 05/2011 on clearing and settlement regulations. The regulations were published in the official Gazette volume no. 940 dated 1 August 2011. The main points are listed below:...

Russia - MICEX Issues New Trading and Clearing Rules

The Moscow Interbank Currency Exchange (MICEX) issued a new version of its trading and clearing rules on 27 October 2011. The key points are as follows: Transfer of Clearing Function - MICEX will transfer its clearing functions...

Total Number of Thomas Murray Flashes Issued: October 2011

Depository/CSD Risk Flashes: 83 (981 year on year)
Capital Market Infrastructure Risk Flashes: 89 (977 year on year)

Worth Knowing

Depository Risk Flashes

Croatia - SKDD to Launch Web-based Access for Participants

Global - T2S Further Delayed - Update

Japan - JASDEC Revised Business Continuity Plan (BCP)

Peru - CAVALI to Become Withholding Tax Agent - Update

South Africa - Strate Introduces The Concept of Segregated Depository Accounts

Capital Market Infrastructure Risk Rating Flashes

Nigeria - Change to Regime for Repatriation of Proceeds

Qatar - Cash Dividend to Be Directly Credited Into Investor's Bank Account

UK - Sterling to Not Participate in T2S

Ukraine - SSMSC to Create Integrated State Securities Registrar

USA - Final Rule Implementing Resolution Plan of Dodd-Frank Wall Street Reform and Consumer Protection Act

Taiwan - Amendment to Law on TWD Financing by Securities Firms

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For further information contact:

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