Wednesday September 28 2016

News Source: Global Exchanges

Focus: Other

Type: General




The Central Securities Depositories (CSDs) Strate, South Africa and National Settlement Depository (NSD), Russia signed a Letter of Intent in September 2016.

The intention is to forge a partnership between the two CSDs to develop solutions utilising Distributed Ledger Technology (DLT) with the first use case focused on proxy voting.

DLT, which has emerged as a relatively new and rapidly growing innovative technology, is set to revolutionise the financial markets and fundamentally create a paradigm shift.

This relationship allows both parties to explore opportunities for mutual cooperation in the post-trade settlement arena including:

  • Information sharing regarding standards, regulations and DLT technologies.
  • The exploration of solutions that are of mutual benefit to both CSDs; as well as
  • Potential cost savings through the sharing of technology and development costs.

Click on the link above for further details