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Thomas Murray Data Services
Securities Newsletter

March 2014

As a local market infrastructure entity or interested participant, Thomas Murray Data Services is pleased to send you our March 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 - Pre-Funding Settlement Model: Impact on Liquidity Risk

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 expands from November's article on pre-funding models, to discuss the impact of this type of settlement on trading and settlement liquidity.

Click here to read the full article

Click here to read the full article

Top Stories

China - CSDC Consultation on Amendments to Securities Accounts Management Rules

12 February, 2014

The China Securities Depository and Clearing Corporation Limited (CSDC) has released a draft on the revised Securities Accounts Management Rules in relation to the multi-layered securities account structure. The key points are as follows: Securities...

Costa Rica - Amendments to Regulation on Securities Ownership Registration

18 February, 2014

On 14 January 2014, the National Supervisory Council of the Financial System (Consejo Nacional de Supervision del Sistema Financiero - CONASSIF) published for comments amendments to Regulation on Securities Record Keeping...

Italy - Standard Market Practice for Second Layer Matching

07 February, 2014

Monte Titoli, the Italian central securities depository (CSD), has advised that the Italian financial community has decided to endorse a market practice for the uniform use of the second layer matching fields as of 1 April 2014. On 24 September 2012...

Nigeria - NSE to Introduce X-Alert

25 February, 2014

The Nigerian Stock Exchange (NSE) will introduce an enhanced trade notification system known as X-Alert to investors in March 2014. X-Alert will replace the Trade Alert notification system currently in place, and will provide investors with details of...

Russia - CBR to Amend Capital Requirements of Market Participant

05 February, 2014

On 17 January 2014, the Central Bank of Russia (CBR) published a draft regulation amending the capital requirements for the different market participants. According to the document, the minimum capital requirements would be reduced as...

Total Number of Thomas Murray Flashes Issued: February 2014

Securities Market Profiles Flashes: 240 (3157 year on year)

Central Securities Depository Flashes: 104 (1076 year on year)

Capital Market Infrastructure Flashes: 95 (1136 year on year)

Worth Knowing

Depository Risk Flashes

Azerbaijan - Amendments to NDC Fees Schedule

Canada - CDS to Expand its Participants Scope

Global - Thomas Murray Issues Proprietary Rating for LuxCSD

South Africa - Amendments to CSD Rules

Taiwan - TDCC to Merge with Taiwan Integrated Shareholder Service Company

Capital Market Infrastructure Risk Rating Flashes

Brazil - BM&FBOVESPA Amends Reporting to Investors

Ghana - BoG Increases Minimum Capital Requirement for Class 1 Banks

Japan - Enhancement of Corporate Action Information Service

Norway - VPS and Clearstream Cooperate on Collateral Management Solution

Turkey - MKK to Operate the Public Disclosure Platform

AIFMD Webinars

Join us for our first webinars in the series on Thursday 3 April. We will be covering the topic of why firms need to be concerned with AIFMD right now. We will be looking at the level of liability from a depositary and a legal perspective. We will be running the topic in three languages, across three webinars.

Click below to register for these free sessions now.

French, at 11:00 CEST
German, at 13:00 CEST
English, at 14:00 BST

Latest News

European Parliament and Council back strengthened UCITS directive

LEI numbers jump as Europe wakes up to trade reporting

Trade reporting in Asia

AIFMD MoUs signed with EU countries

Clarifying a derivative in Europe - the legal perspective

CCP in Focus - When is a QCCP not really a QCCP?

EMIR trade reporting awaits EC clarification as to what constitutes a derivative

In Focus

Contact Us

For further information on Securities contact:

Derek Duggan
dduggan@ds.thomasmurray.com
Tel. +44 (0) 20 8600 2300

For editorial enquiries contact:

Miles Reucroft
mreucroft@ds.thomasmurray.com
Tel. +44 (0) 20 8600 2300

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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.

© 2014 Thomas Murray Network Management Ltd.
Tel: +44 (0) 20 8600 2300   Email: enquiries@ds.thomasmurray.com
Registered Office: Horatio House, 77-85 Fulham Palace Road, Hammersmith, London W6 8JA