T+2 | Jotup

Sterling Trading Tech Readies Broker-Dealers and Clearing Firms for May 28 T+1 Compliance

Retrieved on:

Wednesday, March 20, 2024

As with all regulatory requirements impacting operations, affected firms must be in full compliance on the effective date.

Key Points:

As with all regulatory requirements impacting operations, affected firms must be in full compliance on the effective date.
STT shares the Commission’s view that risk reduction, lower latency, and increased efficiency can only benefit investors and markets.
Said David Weiss, CTO, at STT: “Our team has conducted a thorough analysis and assessed all potential impacts for T+1.
STT has taken proactive measures to implement the requirements for reporting, and we encourage all firms to communicate with their clearing firms to ensure compliance on their end.

Debate on: Is the inflation surge over and what are the lessons for monetary policy?

Retrieved on:

Wednesday, April 3, 2024

Consensus, Momentum, Angelini, Tax, MIR, Exercise, Consensus Economics, BIS, DFR, Interest, APP, Labour, Policy, Bank of Greece, PEPP, BSI, ECB, Observation, Aes, Evolution, Refinitiv, Cargo, GDP, T2, Watcher, T3, Deutsche Bundesbank, LHS, Electricity, Projection, MMR, Real, T+2, Disinflation, Bank of France, SMA, Food, OIS, MFI, Perception, CES, Economics, Persistent, Bank for International Settlements, SVAR, Growth, MPE, Common, Consensus decision-making, Bank, XXIV, ILS, HICP, Bloomberg, RHS, BVAR, Elasticity, Unit, Lombard, Surface finishing

Shocks to the shortages variable are constructed as deviations in the values from the sample mean.

Key Points:

Shocks to the shortages variable are constructed as deviations in the values from the sample mean.
Shocks to the vacancy-to-unemployment ratio (labour market variable) are constructed
as the actual value minus the value in the fourth quarter of 2019.
?Indirect impact of energy prices on non-energy inflation? is the sum of the indirect effects of oil,
gas and electricity prices.
3
Historical
Rubric comparison of inflation episodes in the euro area ? headline and core
Headline

Core

(percentage points)

(percentage points)
Current euro area episode
Past global episodes

Current euro area episode
Past global episodes
2

2

0

0

-2
-4

-2

-6
-8

-4

-10
-12

-24

-18

-12

-6

0

6

12

18

-6

24

Months around inflation peak

-24

-18

-12
-6
0
6
12
Months around inflation peak

18

Sources: BIS, Eurostat and ECB calculations.
The dark blue line represents the latest developments in headline and core inflation for the euro area, relative to the October
2022 peak.
Non-energy industrial goods inflation refers to a panel of all euro area countries, while services inflation refers to
a panel of 30 AEs and 28 EMEs.
Month = 0 is when the headline inflation value is at the highest during that particular episode.
The dark blue line represents the latest developments
in non-energy industrial goods and services inflation for the euro area, relative to the October 2022 peak.
unprocessed
food and energy
HICPX

8
3.0

3.0

2.5

2.5

2.0

2.0
1.5

1.5
1.0
Feb-24

Jul-24

1.0
Dec-24 Feb-24

Jul-24

8

7

7

6

6

5

5

4

4

3

3

2

2

1

1

Adjusted
measures

Difference
4

3

2

1

0
0
0
Feb-24 Jan-23 Jul-23 Jan-24
Jan-23 Jul-23 Jan-24
Feb-24 Jan-23 Jul-23 Jan-24
Feb-24

Dec-24

Sources: Eurostat, March 2024 ECB staff short-term inflation outlook, Consensus
Economics, Bloomberg and ECB calculations.
The ?adjusted?
measures abstract from energy and supply-bottleneck shocks using a large SVAR, see
Ba?bura, Bobeica and Mart?nez-Hern?ndez (2023), ?What drives core inflation?
Notes: 5-days moving average risk-neutral
probabilities of inflation implied by five-year and tenyear zero-coupon inflation options.
16
8

12
Quarters

16

20

Policy
Rubriccounterfactuals
Interest rate under alternative
counterfactuals

Counterfactual impacts on
Inflation

(percentages per annum)

(annual percentage change)

Baseline
Earlier and longer
Earlier, longer and higher

8

Baseline

7
6
5
4
3
2
1
0
-1
2021Q4

2022Q4

2023Q4

2024Q4

Earlier, longer and higher

10

2

8

0

6

-2

4

-4

2

-6

0

-8

-2

2025Q4

Earlier and longer

Output gap

(p.p.
The RHS chart displays the impact on inflation (first panel) and output gap (second panel) for each of the hypothetical alternative paths of the interest
rate.
As a caveat, financial feedback loops as well as feedback loops between inflation expectations and inflation are not activated.

Philip R. Lane: The banking channel of monetary policy

Retrieved on:

Friday, February 16, 2024

Online, BSI, Specialization, BLS, Exercise, House, History, AnaCredit, NFPS, Policy, Imir, NII, ECB, T3, BVAR, CES, Housing, Composite, SHSS, Bank, Outlook, IRB, Eurozone, Total, Level, IBoxx, Supervision, Inventory, Deutsche Bundesbank, MFI, Universal, T2, Business, MIR, IHS Markit, Excess, QSA, Florence School, Insurance, Eurosystem, Household, G-SIB, Lombard, T+2, Observation, Rubric, Credit, ILM, Fused quartz

for rates, credit growth in deviation from the start of the cycle (t) in p.p.

Key Points:

for rates, credit growth in deviation from the start of the cycle (t) in p.p.
Starting months correspond to the month immediately preceding the first hike or explicit announcement of the hike of the cycle.
The dotted lines shows counterfactuals for lending rates and lending volumes, taking December 2021 as the last observation and
projecting volumes conditional on the path of monetary policy rates.
The one for lending volumes is based on the BVAR model in Altavilla,
Giannone, and Lenza (2016).
Composite funding costs are a weighted average of deposit rates
and average monthly bond yields, with outstanding amounts as weights.
Right chart shows
the contributions of the components to the change in the composite bank funding cost
between December 2021 and November 2023.
Latest observations: 8 February 2024 for bond yields; December 2023 for other series.
Notes: ?Others? include shares (listed and not listed as well as those issued by investment
funds), and insurance and pension schemes.
Retail
Specialised

Universal

10

10

8

8

6

6

4

4

2

2

0

0

-2

-2

-4
Jan-20 Aug-20 Mar-21 Oct-21 May-22 Dec-22 Jul-23

-4

Sources: ECB (iBSI, iMIR) MPC Task Force on Banking Analysis and ECB calculations.
Investment refers to the net
change in property plant and equipment over assets; cash refers to cash and cash
equivalents over assets.
Households
loans, credit standards and loan demand
Rubric
Changes in credit standards for
loans to households, and
contributing factors
(net percentage)
0

30

-40

20

Sources: ECB (BSI) and ECB calculations.
Low-income households are those in the bottom 20 per cent
of the income distribution; high-income households are those in the top 20 per cent.

Piero Cipollone: Modernising finance: the role of central bank money

Retrieved on:

Saturday, February 10, 2024

The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.

Key Points:

The paper demonstrates how agreement-level data can be used to study drivers of aggregate negotiated wage growth, as well as monitor the breadth of wage increases and account for time-varying factors such as one-off payments, when assessing wage pressures.
Lastly, the paper shows that the new indicators can provide reliable signals about current and future developments of wage pressures in the euro area while also serving as important cross-checking tools for negotiated wage growth forecasts.

Saphyre Wins Fintech of the Year From The TRADE

Retrieved on:

Thursday, November 9, 2023

Memory, News, Fintech, T+2, T+1, Cryptocurrency

HOBOKEN, N.J., Nov. 9, 2023 /PRNewswire/ -- Saphyre, Inc. , a leading pre- and post-trade platform for some of the world's largest financial institutions, has been named Fintech of the Year by The TRADE.

Key Points:

HOBOKEN, N.J., Nov. 9, 2023 /PRNewswire/ -- Saphyre, Inc. , a leading pre- and post-trade platform for some of the world's largest financial institutions, has been named Fintech of the Year by The TRADE.
The TRADE is a preeminent news publication for institutional asset managers and investment banks with an audience that includes the world's leading buy-side dealers, fund managers and traders.
"We are grateful to receive this distinct honor from The TRADE," said Saphyre CEO Gabino Roche.
"This is a critically important time for financial institutions as we near the transition to T+1 trade settlements.

State Street Launches StreetFX℠ Solution for T+1 Settlement

Retrieved on:

Thursday, October 19, 2023

In preparation for the US equity market’s transition to a T+1 settlement cycle scheduled for May 28, 2024, State Street Corporation (NYSE: STT) today announced that it is offering an automated workflow solution and integration with DTCC within State Street’s foreign exchange (FX) trading service, StreetFX℠.

Key Points:

In preparation for the US equity market’s transition to a T+1 settlement cycle scheduled for May 28, 2024, State Street Corporation (NYSE: STT) today announced that it is offering an automated workflow solution and integration with DTCC within State Street’s foreign exchange (FX) trading service, StreetFX℠.
“State Street is helping to drive solutions that address critical performance drivers by rolling out an automated FX execution solution to facilitate the US securities market’s transition to T+1 settlement,” said Tony Bisegna, head of State Street Global Markets.
We are pleased that our collaboration with State Street reinforces that CTM represents an efficient and cost-effective solution to address the FX trading challenges that come with a shorter settlement cycle,” said Val Wotton, DTCC managing director and general manager, ITP.
It seamlessly integrates within clients’ existing infrastructure to create an end-to-end solution that increases consistency and decreases operational risk.

Polymetal: Update to the timetable of the Re-domiciliation

Retrieved on:

Friday, July 21, 2023

AIX, Effective date, International, London Stock Exchange, CREST, Summertime, Common stock, T+2, Annual general meeting, FAQ, Circular, Astana, MOEX, Polymetal, Rare-earth element, Security (finance), News, Lumber

Polymetal International plc (the “Company”) announces an update to the timetable of the Re-domiciliation and confirms that the Effective Date will be 7 August 2023.

Key Points:

Polymetal International plc (the “Company”) announces an update to the timetable of the Re-domiciliation and confirms that the Effective Date will be 7 August 2023.
Therefore, trading in the Ordinary Shares on the London Stock Exchange will need to be suspended.
The Company understands that MOEX will resume trading as soon as possible after the completion of the Re-domiciliation.
Further details of the Re-domiciliation and London De-listing can be found in the respective circulars and in the FAQs, which can be found at: https://www.polymetalinternational.com/en/re-domiciliation-agm/ .

Privat 3 Money Introduces Compelling New Features to its Investment App, Empowering Clients with Enhanced Financial Opportunities

Retrieved on:

Wednesday, July 5, 2023

Federal Reserve, Partnership, Analytic function, Multimedia, T+2, USD, Sale, FCA, Money market, Fintech, Phosphorus, Bank, P3

Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.

Key Points:

Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.
With the US Fed fund rate currently sitting at around 5%, P3 enables clients to automatically earn a solid yield without significant effort.
These valuable metrics provide a comprehensive overview of financial positions, empowering clients to make well-informed investment decisions.
This means that clients can seize investment opportunities without delay, ensuring they never miss lucrative trading prospects.

Privat 3 Money Introduces Compelling New Features to its Investment App, Empowering Clients with Enhanced Financial Opportunities

Retrieved on:

Wednesday, July 5, 2023

Federal Reserve, Partnership, Analytic function, T+2, USD, Sale, FCA, Money market, Fintech, Phosphorus, Bank, P3

Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.

Key Points:

Following the platforms successful recent launch, P3 has been working tirelessly to enhance the user experience and provide clients with more lucrative financial opportunities.
With the US Fed fund rate currently sitting at around 5%, P3 enables clients to automatically earn a solid yield without significant effort.
These valuable metrics provide a comprehensive overview of financial positions, empowering clients to make well-informed investment decisions.
Currently, P3's Stock Trading and Investment Service is only available to Professional Clients as per FCA Client Categorisation Rules.

Saphyre Unveils T+1 Solution with Announcement of Project Zero

Retrieved on:

Thursday, June 29, 2023

SSI, T+1, Maintenance, Wall Street, T+2, Cryptocurrency

HOBOKEN, N.J., June 29, 2023 /PRNewswire/ -- Saphyre, a leading pre- and post-trade fintech platform for some of the world's largest financial institutions, has announced a limited engagement initiative to pilot Saphyre's T+1 solution for financial institutions, code named "Project Zero".

Key Points:

HOBOKEN, N.J., June 29, 2023 /PRNewswire/ -- Saphyre, a leading pre- and post-trade fintech platform for some of the world's largest financial institutions, has announced a limited engagement initiative to pilot Saphyre's T+1 solution for financial institutions, code named "Project Zero".
An example of this is real-time SSI resolution for mismatches and the elimination of callbacks," said Saphyre CEO and Founder, Gabino Roche.
Saphyre has 105 globally-recognized patents that remember a data point entered and a document shared in perpetuity.
"When firms adopt Saphyre for their account setups and maintenance, executed trades are processed swiftly in post-trade," states Saphyre President and Co-Founder Stephen Roche.