Clearing standardisation moves a step closer

The standardisation of clearing and settlement systems across the European Union inched forward last week with the publication of new proposals by regulatory bodies.

The proposals include 19 standards that aim to increase the safety, soundness and efficiency of securities clearing and settlement systems in the region. Among the recommendations is that rolling settlement should be adopted in all markets, with final settlement no later than three days after a trade – T+3 settlement.

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