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
This achievement positions Cecabank as 鈥渢he first Spanish agent lender鈥, the firm says, providing domestic institutions with a local, specialised alternative