FN: Blockchain: Moving from T+2 to T-instant

New initiatives often give new hopes of solving longstanding problems. In the securities domain, there have been many complaints about the operational complexity and the high cost of post-trade processing, the business of making sure securities are transferred after a trade and the right payments are made to the right owners on time.

by Diana Chan, CEO EuroCCP, in the Special Report: Fintech News: The blockchain issue

Read full article at Financial News (may require subscription)

Changes to SSIs for the Norwegian market

EuroCCP is pleased to advise that the standard settlement instruction (SSI) for the Norwegian market will change as of trade date 27 July 2015.

This change will enable EuroCCP to benefit from the auto-partialling functionality available to other CCPs.

<--break->The following regulations, that can be found in the Documentation Regulations section, will be amended:

  • Regulation Buy-in procedures
  • Regulation Settlements

Clearing Participants are requested to amend their settlement instructions by the above date as follows:

Rec / Del agent: EMCFNL2A (456004900068)
Buyer / Seller: EMCFNL2A
Place of settlement: VPSNNOKK