This week in Post-Trade – 2nd February 2018

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The news we are reading this week includes –

  1. Argentina securities lending programme in final straightSecurities Lending Times, 1st February


According to Alejandro Berney from Caja de Valores, Argentina’s securities lending programme is on course to get the green light from the National Securities Commission (CNV). The exchange’s regulation on securities lending is waiting for permission to proceed but according to the Central Securities Depository (CSD), the lending programme has not yet been rolled out, despite the CNV approving the framework.


  1. DTCC processes first US buy-side cleared repo tradeGlobal Custodian, 30th January


The first US buy-side cleared repo trade has been executed through the DTCC’s fixed-income clearing house by Capula Investment Management and State Street, in a step set to boost liquidity in the market via new participants. The DTCC stated that the Fixed Income Clearing Corporation is now actively on boarding other new sponsors – as well as State Street, which acted as the sponsor that allowed Capula to clear its repo trade. Central counterparty clearing houses (CCPs) are looking to bring asset managers and pension funds into the clearing process as banks continue to withdraw from the sector due to growing capital pressures on the business.


Other news: