Clearstream Frankfurt to reduce risk of counterparty default

Clearstream, the settlement depository owned by Deutsche Börse, and the Deutsche Bundesbank are to introduce a new settlement model in a bid to improve the efficiency and security of settlement for German securities.

The new model will reduce the risk of a counterparty defaulting on a transaction in the time between settlement of the securities leg of a trade and the cash leg.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions