The International Central Securities Depositories
(ICSDs) of Euroclear and Clearstream are very competitive with and against each
other and, as mentioned yesterday, there are many other services that CSDs offer
other than just settlement. The Linked Up Markets group and other activities are
starting to change the landscape of these end game post-trade activities but,
right now, the more interesting area for me is Clearing.
we have two significant new clearing facilities in Europe: the EuroCCP from the
DTCC and the European Multilateral Clearing Facility (EMCF) from Fortis. This is
not to overlook x-Clear from SIS in Switzerland or other movers and shakers, but
EuroCCP and EMCF are, for me, indicating the future trends in Clearing and
Settlement.
Why?
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...