Post Trade

Middle-Office Blockchain: BNP Paribas, Broadridge

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Recent announcements of blockchain pilots from BNP Paribas Securities Services and Broadridge Financial show how distributed ledger technology continues to make inroads into the post-trade arena. Both come with claims of operational efficiencies through a single indisputable source of data that reduces the potential for processing errors. BNP Paribas Securities Services project for corporate action […]

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Unique Product IDs: Can the OTC-ISIN Win the Job?

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Can International Securities Identification Numbers (ISINs) become the foundation for unique product identifiers (UPIs)? The new Derivatives Service Bureau (DSB) which will allocate ISINs for over-the-counter  derivatives, appears to think so. It also thinks that it might be the organization issuing the UPIs, although it is willing to work with others. If such a scenario […]

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ISINs for OTC Derivatives: Is Licensing an Issue?

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Update 9/25/2017: Financial firms using ANNA’s new Derivatives Service Bureau to receive ISIN codes for OTC derivatives can expect to receive rebates for overpaying far more quickly, DSB officials now say. Likewise, financial firms will also have to fork over more money if they have underpaid. Instead of waiting until the end of 2018 to recalculate […]

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Countdown to US T+2: Five Last Minute Tips

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It’s now or never when it comes being ready for the pending two-day settlement cycle in the US. With September 5, the day T+2 becomes effective, just around the corner, operations and IT managers are taking the opportunity to verify that their front, middle and back office systems are tweaked correctly. And that their counterparties […]

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Countdown to US T+2: Five Last Minute Tips

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It’s now or never when it comes being ready for the pending two-day settlement cycle in the US. With September 5, the day T+2 becomes effective, just around the corner, operations and IT managers are taking the opportunity to verify that their front, middle and back office systems are tweaked correctly. And that their counterparties […]

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ISINs for OTC Derivatives: Is Licensing an Issue?

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Financial firms needing to create International Securities Identification Numbers for over-the-counter derivatives will have one less worry when time comes to pay for their ISINs. Until they get their invoices in late September, they may not know exactly how much they will have to prepay the new Derivatives Service Bureau for the first year of […]

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Seeking Depository: Call Ireland’s Central Bank

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It isn’t every day that a country needs a new securities depository. But that’s the case with Ireland. When the UK exits the European Union, Ireland may no longer share its depository — Euroclear UK & Ireland in London. Ireland’s Ministry of Finance has tapped the Central Bank of Ireland to accept submissions from organizations […]

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Seeking Depository: Call Ireland’s Central Bank

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It isn’t every day that a country needs a new securities depository. But that’s the case with Ireland. When the UK exits the European Union, Ireland may no longer share its depository — Euroclear UK & Ireland in London. Ireland’s Ministry of Finance has tapped the Central Bank of Ireland to accept submissions from organizations […]

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Bloomberg’s FIGIs: Global Accreditation for ID Codes Next?

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Data giant Bloomberg is inching closer to achieving its dream of having its FIGI identification codes recognized as a global standard on equal footing with the International Securities Identification Number (ISIN, ISO 6166). What may be an inch now could become an important milestone next month if Bloomberg is successful. Thirty-one participating members of the […]

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US T+2: SEC Joins the Bandwagon

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The Securities and Exchange Commission may have just given its official blessing to a shortened trade settlement cycle in the US come September 5, but the Depository Trust & Clearing Corp. (DTCC), its member firms and service providers have already been working long and hard on operational adjustments and industry-wide testing. All this effort will hopefully […]

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