Euroclear launches same-day securities settlement

News

International central securities depository Euroclear Bank plans to offer same-day cross-border securities settlement in four Asian markets - Australia, Japan, Hong Kong and Singapore - in August, stealing a march over rival Clearstream, which also has similar plans for Asia.

Dealers will no longer have to finance their positions by having to incorporate the expected value of the transaction the next day due to the time differences between Asia and Europe, as they can now settle their securities

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