Latest Market Intelligence on Global Capital Market Infrastructures

Top Stories

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our August 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, 140 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 88 markets worldwide, assessing the post trade risk exposures faced by international investors.

Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Malta, Netherlands, Portugal, Spain, Sweden, Switzerland, UK - Launch of the TARGET2-Securities Project - Update

Further to our previous newsflash where we announced the Governing Council of the European Central Bank's (ECB) decision to proceed to the next phase of the T2S project and to provide the resources...

Nigeria - SEC to Launch E-Allotment

As a part of the development of the dematerialisation process in Nigeria (see previous newsflash), the Securities and Exchange Commission (SEC) is planning to launch an electronic allotment system...

Thailand - SEC to Allow Competition on Depository Services

According to media reports, the Securities and Exchange Commission (SEC) is planning to offer new licenses for companies to offer securities depository, clearing and registrar services which would create...

Israel - Establishment of a REPO Market

The Israeli Capital Market Forum (Ministry of Finance, Bank of Israel, Israeli Securities Authority, Tel Aviv Stock Exchange (TASE) and Institutional Bodies) is working on the establishment...

Romania - CDSA to Undertake Clearing and Settlement of Government Securities

The Board of the Central Depository (CSD) approved several changes to the CSD Code regarding the settlement of Government Securities transactions performed on the Bucharest Stock Exchange...

Total Number of Thomas Murray Flashes Issued: Jul 2008

Depository/CSD Risk Flashes: 79 (800 year on year)
Capital Market Infrastructure Risk Flashes: 57 (585 year on year)

Worth Knowing

Depository Risk Flashes

Indonesia - KSEI to Implement SWIFT for Corporate Actions Announcements

Poland - SWIFT Messaging at KDPW

Hong Kong - HKSCC to Enhance CCASS - Update

Italy - Increase in CC&G Default Fund for Bond Section

UAE - DIFX to Revise Its Business Rules

Capital Market Infrastructure Risk Rating Flashes

Switzerland - Switzerland to Introduce Record Date in 2009 - Update

Oman - Clearing and Settlement Activities Transferred to MDSRC

Brazil - Possible Merger Between BOVESPA and BM&F - Update

Australia - Risk Management Changes to ASX’s CCP Services

Russia - RTS to Introduce Net Settlement

Zimbabwe - Zimbabwe Stock Exchange to Reduce Settlement Cycle - Update

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