Cboe Clear Europe Receives Approval for Securities Financing Launch
Cboe Clear Europe has exciting news to share! They have just received approval from De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM) to clear European Securities Financing Transactions (SFTs). This means they can now offer a new service for European SFT transactions in cash equities and ETFs that includes central clearing, settlement, and post-trade lifecycle management.
What does this mean for you? Well, if you’re a principal lender, special participant lender (UCITS and non-UCITS), or borrower, you can take advantage of this service which will be available across 19 European Central Securities Depositories (CSDs). This offers a centralized solution that aligns with key regulatory initiatives like EMIR, CSDR, and SFTR, promoting transparency, market integrity, and the competitiveness of European capital markets.
Vikesh Patel, President of Cboe Clear Europe, couldn’t be more thrilled about this development. He stated, “We are delighted to have received regulatory approval to expand into European SFT clearing, marking a significant milestone in our goal to introduce innovative, robust, and comprehensive clearing solutions across multiple asset classes in Europe.”
This service is designed to streamline the current bilateral process between securities lenders and borrowers, making transactions more efficient and secure for all involved. It’s all part of Cboe Clear Europe’s commitment to providing cutting-edge services that benefit European market participants and help grow the region’s capital markets.
