SWIFT
CFTC Sets Out Conditions For Mutual Acceptance of Pre-LEIs
The US regulator has set out the conditions under which it will accept WM Datenservice's general entity identifier and other pre-legal entity identifiers as part of its swaps trade reporting requirements
Interbolsa Takes Swift VAN for T2S
Portugal's central securities depository (CSD) operator, Interbolsa, has signed on for Swift's value added network (VAN), a key aspect of connectivity to the Target2-Securities (T2S) platform
IRD Awards Results
The results of the Inside Reference Data Awards for 2013 were announced at a dinner in New York on May 21
Swift Launches Daily Data Feeds To Help Firms Cut Costs
The messaging provider says daily feeds of reference data files from the SwiftRef platform will help firms avoid the cost of manually updating data themselves
SmartStream Adds Swift Support To Make STP Affordable
The software vendor has added support for Swift's Global Electronic Trade Communication system to help users achieve greater levels of automation and focus on exception management
Broadridge Debuts Swift Trade Confirmation Product
Broadridge Financial Solutions has announced the launch of its service for Swift Global Electronic Trade Confirmation (GETC), allowing institutional brokers a higher degree of automation when dealing with buy-side clients.
BNP Paribas Integrates Swift for Collateral Protection
Global custodian bank BNP Paribas has announced that it has partnered Swift in order to enhance its Margin Protect software, by integrated standardized messages.
Taking Responsibility for Entity Identification
With the go-live date for the legal entity identifier system still far off, a growing number of pre-local operating units are set to begin issuing entity identifiers. Nicholas Hamilton finds out why they have taken on the task, what challenges they face…
ISITC Groups Drafting MBS, Portfolio Value Guidelines
ISITC working groups plan to collaborate with Sifma to meet a June deadline on mortgage-backed securities margin requirements, and to revisit total portfolio value standards. ISITC as a whole will continue work begun last year on the legal entity…
Swift Opens Kuala Lumpur Office
Financial messaging provider Swift has opened a new office in Kuala Lumpur.
Banks, Broker-Dealers Falling Behind on T2S Preparation
A recent Celent report has found that while parts of the European financial services industry are getting ready for the implementation of the Target2-Securities (T2S) settlement platform, others are lacking preparedness and facing large costs.
Swift, DTCC Move Forward On LEI Registration
The industry utilities have increased the number of identifiers now registered, as other interested parties such as the FSB's Central Operating Unit also make progress on preparations
Swift's McMahon on DTCC Partnership, Corporate Actions
Malene McMahon of Swift Americas speaks with IRD editor Michael Shashoua at the Swift event in New York
Partnership Creates Cusip Route To CICI Registry
The DTCC and Cusip Global Services have formed a partnership for the assignment of CICI identifiers
Soc Gen Adopts ISO 20022 for Funds in France
Strapline: Regulation & Standards
DTCC to Issue Further CICI Guidance for Funds
The Depository Trust and Clearing Corporation will provide further clarification to the funds industry on using its utility to register for the Commodity Futures Trading Commission's interim legal entity identifiers
Getting Some Actions
Corporate actions processing professionals have been waiting to see their tasks streamlined. Michael Shashoua reports on who's making progress and who's been slowed by obstacles
Swift: Compliance Costs Doubling Every Four Years
Operational costs of compliance for sell-side organizations are doubling every four years, according to a new whitepaper released by Swift today.
Nothing Less Than the Best
Francis Gross, vice chairman of the legal entity identifier Implementation Group, discusses strategies for avoiding standards duplication of the standard and tells Nicholas Hamilton they're determined the identifier will fulfill its potential
Link Up Markets Taps Swift for T2S
Link Up Markets, a consortium of 11 European central securities depositories (CSDs), will connect to Target2-Securities (T2S) via Swift’s financial messaging network, once the new pan-European settlement infrastructure is launched in 2015.
Link Up Markets Chooses Swift For T2S
The joint venture of European and African CSDs will use the Value Added Network service to connect to Target2-Securities infrastructure
LEI Operating Arm Should Be Lean And Fast, Say Basel Delegates
Regulators will consider recommendations that the operating arm of the legal entity identifier system should be kept lean and fast to begin with, following a meeting of the Financial Stability Board's Private Sector Preparatory Group
JPMorgan Backs Swift's MyStandards
Firm's payments business has begun making the application available to its clients, in what looks like a prelude to securities units also doing so