Tag Archives | featured

South African bond market to witness historic change

The South African bond market will soon receive a new clearing and settlement system that will replace the one that has served the market since 1991.   The revolution is being spearheaded by the country’s Central Securities Depository, Strate, which owns the current bond settlement system it inherited from UNEXCor, following a merger between both […]

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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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The future of South Africa’s capital markets: Far from lacklustre

South Africa has one of the most sophisticated financial markets and has earned a reputation for its sound financial market development. Looking to the next five years, A2X Markets CEO and co-founder Kevin Brady believes the market could become more dynamic and efficient as new exchanges are granted licences.   A2X Markets was officially granted […]

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Strate has published its 2016 Integrated Report

Strate has published its annual integrated report for the 2016 financial year end.   Not only can you learn about Strate’s operating environment and performance highlights, there are a range of infographics and a wealth of information about the history of the company, as well as the current value it creates for its clients, the […]

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Strate categorized as a Level 2 Contributor during its 2017 B-BBEE Audit

During the 2017 Broad-Based Black Economic Empowerment (B-BBEE) Audit, which was based upon the 2016 Audited Financial Statements, Strate was categorized as a Level 2 Contributor with an overall recognition level of 156.25%. This is Strate’s best contributor status yet in the company’s history.   Strate continues to pride itself on the efforts by staff […]

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Strate extends its services to a new exchange as ZAR X goes live

Strate, a South African Central Securities Depository (CSD), has welcomed the official go-live of South Africa’s newest bourse, ZAR X, after successfully integrating the exchange into Strate’s clearing and settlement platforms.   At the beginning of September 2016, the Financial Services Board notified the market that it had granted ZAR X an exchange licence. Strate […]

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‘Liquidity Alliance’ builds blockchain solution for cross-border collateral transfer

Four members of the ‘Liquidity Alliance’ (LA), an international group of central securities depositories (CSDs), are cooperating with Deutsche Börse to launch an initiative leveraging blockchain technology to ease cross-border mobilisation of security collateral. With the planned solution, The Canadian Depository for Securities Limited (CDS), Clearstream (Luxembourg), Strate (South Africa) and VPS (Norway) want to […]

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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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Strate Charity Shares’ Donations Surpass R6m Mark

Strate Charity Shares (SCS) is registered as a non-profit organisation and charity donation programme that was created almost 15 years ago to address the long-standing problem of investors holding small amounts of unwanted shares. Since 2002, SCS has paid more than R6 million to charities dedicated to helping children.  It hands donations to charities across […]

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