The redesigned service uses the existing CLSSettlement platform, enabling CCPs to connect and submit bilateral settlement instructions on behalf of their clearing members
The definitive agreement is expected to close in the coming months, subject to regulatory approvals, applicable employee requirements and customary conditions
The authorities will continue to adopt a coordinated approach as they progress towards publication of a final policy statement in the second half of 2025
Year-to-date for volume outstanding also increased, rising 3 per cent to 鈧738.12 billion for 2025, compared to 鈧717.19 billion for the equivalent period in 2024
This achievement positions Cecabank as 鈥渢he first Spanish agent lender鈥, the firm says, providing domestic institutions with a local, specialised alternative
Headquartered in London, the firm offers a client-focused approach, providing tailored securities finance, tax, and regulatory services to financial institutions