Omgeo white paper addresses potential clearing problems

07/11/2013 | Securities Technology Monitor

A paper released by Omgeo has shed light on the potential risks that could stem from a failure to improve the settling of trades. According to the paper, a shorter settlement cycle would improve practices and prevent another financial crisis. "Today, the global settlement landscape includes multiple non-harmonized settlement cycles ranging from five days after execution to zero (same-day settlement), and each market determines its settlement cycle individually," the paper says, noting that shorter settlement cycles should be the goal of all markets.

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