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Latest Market Intelligence on Global Capital Market Infrastructures

April 2013

As a local market infrastructure entity or interested participant, Thomas Murray Data Services is pleased to send you our April 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.

We would value your feedback on this newsletter. Should you wish to find out about subscribing to our services please feel free to contact us.

CMI in Focus

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

This month, CMI in Focus looks at matching as a key part of the clearing/pre-settlement process, and the use of automation and pre-matching practises to reduce risks and enhance settlement efficiency.

Download the latest CMI in Focus report

Download the latest CMI in Focus report

Top Stories

Bulgaria - Amendments to Central Depository Legislation

21 March, 2013

In an update to our previous newsflash, the amendments to Ordinance 8 on the Central Securities Depository operations introduced by the Financial Supervision Commission (FSC) were published in the Government Gazette on 12 March 2013. The most important changes...

Israel - Settlement Amount to Become Mandatory Matching Field

06 March, 2013

The Tel Aviv Stock Exchange Clearing House (TASECH) has postponed the requirement to include the settlement amount (rather than the deal price) in the settlement instructions until further notice due to delays in finalising the necessary changes to...

Japan - TSE and JASDEC Agreement to Enhance Corporate Action Information Service - Update

28 March, 2013

The Tokyo Stock Exchange (TSE) and the Japan Securities Depository Center (JASDEC) proposed to launch new corporate actions (CA) information service from February 2014. The core services will cover data feed services of domestic stock CA information...

Russia - Moscow Exchange Introduces T+2 Settlement Cycle

15 March, 2013

The Moscow Exchange MICEX-RTS has announced the launch on 25 March 2013 of T+2 settlement for the 15 most liquid equities and 33 OFZ. T+2 trading will be available to participants on the Main Trading Mode and on the Mode for Negotiated Trades...

USA - DTCC to Introduce Settlement Matching to Reduce Risk and Boost Intraday Settlement Finality

11 March, 2013

On 8 March 2013, the Depository Trust & Clearing Corporation (DTCC) published a paper outlining the Depository Trust Company's (DTC) implementation of Settlement Matching for all clients in 2013 and 2014. The processing changes at DTC will be...

Total Number of Thomas Murray Flashes Issued: March 2013

Securities Market Profiles Flashes: 279 (2846 year on year)

Central Securities Depository Flashes: 92 (1114 year on year)

Capital Market Infrastructure Flashes: 105 (1138 year on year)

Worth Knowing

Depository Risk Flashes

Brazil - BM&FBOVESPA Amends its Fees Scheme for Products in the Cash Equity Market

France - Euroclear France and Broadridge to Offer Automated General Meeting Notices

Kazakhstan - KACD Will Launch Payment Agent's Services from 1 April 2013

Palestine - CDS to Enhance DVP Settlement Process

Thailand - TSD Plans to Offer SBL Facility

Capital Market Infrastructure Risk Rating Flashes

Argentina - MERVAL and Bolsa de Comercio de Buenos Aires Will Join to Create New Market

Egypt - CBE Reactivates FCY Repatriation Mechanism

Global - ESMA Publishes Guidelines on CCP Interoperability Arrangements

India - SEBI Mandates Usage of ECS Facilities for Cash Payments

Ukraine - NSSMC to Block Circulation of Shares of Non-Complying Issuers

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For further information please contact Derek Duggan at dduggan@thomasmurray.com or telephone him on +44 (0)20 8600 2300.

About Thomas Murray Data Services

Thomas Murray Data Services is a specialist custody rating, risk management, research and information provider specialising in the global securities services industry.

Our range of products and services provide reports on over 250 custodians, 130 central securities depositories and 100 markets globally.

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