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CSD Working Group Releases Product Requirements for General Meeting Proxy Voting on Distributed Ledger

CSD Working Group on DLT, an association of Central Securities Depositories working on developing reference products using Distributed Ledger Technology, has released product requirements for the proxy voting business case during the International Securities Services Association (ISSA) Operational Committee meeting in London on April 24, 2017.   The document titled “General Meeting Proxy Voting on […]

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Finding what it takes to be a conscious company

Strate was named the winner of the Inaugural Conscious Companies Awards held at an evening gala event on 11 May in the northern suburbs of Johannesburg.   There has been much to be said about the inclusivity of stakeholders to create and nurture shared value, as opposed to shareholder value, says Strate CEO Monica Singer.  […]

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Strate: A Pioneer of Exchange-of-Value Settlement Solutions

All too often, good infrastructure goes unnoticed. This is probably one of the reasons why few South Africans know and understand the country’s Central Securities Depository, Strate, however, without it, investors would shy away from South Africa.
Prior to the implementation of Strate in 1999, SA was categorised as one of the worst emerging markets in terms of operational and settlement risk. Trading volumes on the stock exchange were averaging 4,000 trades daily, very thin when this is compared to the 350 000 on average during a month today.

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CSDs Sign Letter of Intent to Collaborate on Initiatives using Distributed Ledger Technology

The Central Securities Depositories (CSDs) Strate, South Africa and NSD, Russia have signed a Letter of Intent at the Sibos event in Geneva in September 2016.   The intention is to forge a partnership between the two CSDs to develop solutions utilizing Distributed Ledger Technology (DLT) with the first use case focused on proxy voting. […]

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Revolutionising South Africa’s Bond Settlement Model

With an average of R2.4 trillion bonds under Strate’s custody, Strate’s bond market clients will soon enjoy using one of the best and most-used CSD technologies globally, the TCS BaNCS Market Infrastructure (MI). It will enable the move from older technology ISO15022 standards to ISO20022 standards. Issuers will also be provided with an interface that […]

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The Liquidity Alliance Now Able to Extend Collateral Management Services to Buy-side via 360T

The Liquidity Alliance is Now Able to Extend Collateral Management Services to Buy-side via 360T: The Service enables the buy-side to trade triparty repos with banks on 360T platform as collateralised alternative to unsecured cash deposits. Service already offered by Clearstream and 360T, will be made available to all members of The Liquidity Alliance The […]

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Corporate Actions Payments can Now be Processed through the South African Reserve Bank

On 5 October 2015, Strate implemented a new solution to process corporate action payments via the South African Reserve Bank (SARB). Strate has been working closely with issuers, local banks and the SARB to implement this new solution.   Strate is pleased to report that during the week of 12 October 2015, five corporate actions […]

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South Africa Hosts Nigerian Central Securities Depository and signs MoU

Strate, and key representatives from South Africa’s financial markets, hosted the board of the Nigerian Central Securities Depository (CSD), CSCS Nigeria, during July 2015.   The intention was to forge closer relationships between the two countries and to understand the various roles and responsibilities performed by key organisations in the South African financial markets. This […]

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The Benefits of Strate for Listed Companies, Chartered Secretaries and the Financial Markets

Governance. Compliance. Risk. Three words that are well known to any chartered secretary. So when it comes to the post-trade environment and the processing of corporate actions, why should someone in the profession settle for anything less?   For close to two decades, Strate has provided the local market with the highest governance standards, compliance […]

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India’s National Securities Depository Ltd signs MoU with Strate

India’s CSD, National Securities Depository Limited (NSDL), has signed a Memorandum of Understanding (MoU) with Strate to build a close cooperative relationship between the central securities depositories.

The MoU aims at co-operation in securities depository and settlement related matters to help foster the prosperity of their financial markets, promote cross border investment, and explore opportunities for cooperation in both, depository and settlement. Both CSDs anticipate…

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