Latest Market Intelligence on Global Capital Market Infrastructures

December, 2012

Thomas Murray - Monthly Newsletter

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our December 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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CMI in Focus

Thomas Murray maintains a wealth of information through the whole post-trade lifecycle of securities. In a series of monthly reports, Thomas Murray will be investigating global trends in the industry through analysis of particular areas of capital market infrastructure.

This month, CMI in Focus analyses trends in Withholding Tax (WHT) across the world, and investigates how markets are using tax on securities holdings to raise additional revenues during the ongoing global financial crisis.


Download the CMI in Focus report

Top Stories

Brazil - BM&FBOVESPA Presents the Post-Trade Integration Project (IPN)

On 5 November 2012, BM&FBOVESPA announced the Post-Trade Integration Project (IPN), which includes a new risk system, new technology, concepts and solutions. The objective of the project is the integration of...

Norway - Oslo Clearing Notice on Internalisation

In relation to the migration to the Millennium trading system, an internalisation* function will be available for the Oslo Bors Market Model for equities as a default configuration in the new system...

South Africa - Strate Selects TCS BaNCS for Fixed Income Depository Operations

Strate, the central securities depository of South Africa, will implement a market infrastructure solution from TCS BaNCS product suite, replacing the current legacy Bond Market System, UNEXcor. The implementation date has...

Ukraine - NBU Recommends AUSD to be Used to Create a Seperate Clearing Center

Further to our attached newsflash and in line with the new law of depository system in Ukraine, the council of National Bank of Ukraine (NBU) has recommended to use All Ukrainian Securities Depository (AUSD) as the basis to create...

Vietnam - VSD Discussions on CCP Concept

The Vietnam Securities Depository (VSD) held a meeting with various market participants to present the proposal for creating a central counterparty (CCP) in Vietnam. This will be introduced in two phases...

Total Number of Thomas Murray Flashes Issued: November 2012

Depository/CSD Risk Flashes: 81 (1165 year on year)
Capital Market Infrastructure Risk Flashes: 81 (1186 year on year)

Worth Knowing

Depository Risk Flashes

Ghana - Ghana CSD Handles Cash Settlement Leg of Secondary Government Bond Transactions - Update

Global - ECSDA Defines Typology of CSD Links

Malaysia - BMDSB to Launch Electronic Rights Issue Subscription

Turkey - Update on CRA's e-GEM

USA - DTCC and STA Agree on Protocol for Presentment of Physical Securities

Capital Market Infrastructure Risk Rating Flashes

Argentina - BCBA, MERVAL and Regional Exchanges to Create a Single Market

Qatar - NYSE Euronext Restructures Its Ownership In Qatar Exchange

Russia - NCC to Act as a CCP for Repo Trades Settled on T+1

Spain - MEFF to Act as CCP for Fixed Income Securities

Sri Lanka - SEC Announces Capital Market Roadmap

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© Thomas Murray Network Management Ltd. 2012