Friday September 20 2013
News Source: Global Exchanges
Focus: Foreign Investment
Type: General
Country: International
Link: http://www.omiclear.pt/LinkClick.aspx?fileticket=2EWWakHvs1Q%3d&tabid=169&mid=824&language=en-GB
NYSE Euronext and OMIClear have announced that the Iberian Energy Clearing House is now an Interbolsa Special Participant.
Interbolsa is the first European Central Securities Depository (CSD) chosen by OMIClear to improve its collateral management systems. In this way, the management of the Iberian Energy Clearing House is continuing with the ongoing adaptation to the business model recommended by the European Market Infrastructure Regulation (EMIR), which envisages links to a number of important European CSDs.
This link has allowed Interbolsa to increase the number of Special Participant links and OMIClear to enhance its operations in terms of security, efficiency and settlement procedures.
Click on the above link for more details.