Crest, the UK settlement house, and Clearstream, the international settlement house, will on Thursday unveil plans for the settlement model for the proposed iX merger. The two settlement houses will reveal that they have planned a sophisticated settlement link between the two markets.

The proposed link will mean that Crest members can gain access to all iX-tradeable securities and counterparties using the existing membership they have with Crest, and vice versa for German Clearstream participants. That means that brokers will not have to foot the costs of installing new settlement links to a non-domestic depository.