Press Release Archives

98% of SA's R1,15 trillion in bond market assets now dematerialised Dematerialisation has significantly reduced the post-trade risks associated with the previous paper based settlement environment Strate's drive to a paperless South African bond market has culminated in a 98% dematerialisation success rate amongst the R1,15 trillion ...

New Offering Expands Citi's Proprietary DCC Network to 60 Markets globally and 34 markets across EMEA JOHANNESBURG, LONDON- Citigroup today announced that its Global Transaction Services business has begun to provide Direct Custody and Clearing (DCC) services to its clients in South Africa. This new offering expands Citi's proprietary DCC network ...

The two companies have entered into exclusive negotiations to explore the development of the new service for South Africa Strate clients would benefit from a more efficient use of their domestic collateral South Africa would be the third market, after Brazil and Australia, to use the Liquidity Hub GO outsourcing service from ...

Fortieth anniversary of SA’s worst-ever stock market crash May 2009 marked the 40th anniversary of the beginning of South Africa’s worst-ever stock market crash. Share prices peaked ahead of a collapse that even now triggers nightmares among those who were hammered by the 1969 monster. Most of today’s investors are convinced that they have just ...

Link Investor Services (Pty) Ltd has been approved as a South African Central Securities Depository (CSD) Participant for Equities as of 1 November 2011 by the Controlling Body of Strate and the Financial Services Board. Link is the first new CSD Participant to enter the South African Equities Market in over ten years. The role of a CSD ...

Strate, South Africa CSD, joins Link Up Markets Strate Ltd, South Africa’s Central Securities Depository (CSDs) has become the latest and first non-European member of Link Up Markets, the joint venture created in 2008 by CSDs to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions. With the ...

MCDR of Egypt and Strate of South Africa last week successfully connected to Link Up Markets, a joint venture that comprises 10 Central Securities Depositories (CSDs) to improve efficiency and reduce costs of post-trade processing of cross-border securities transactions globally. The connection of MCDR and Strate completes the current ...

The ongoing dematerialisation of South Africa's money market securities is running on schedule as the industry is set to dematerialise Category 3 securities by end August 2011. Category 3 money market securities comprise those instruments that have a variable coupon rate and fixed maturity date. Strate, South Africa's Central Securities ...

The money market industry has achieved another critical milestone for the dematerialisation of the money market securities project in South Africa. As from 29th August 2011, all Category 3 type money market securities, comprising those instruments with a variable/floating coupon rate and fixed maturity date, will be issued, traded and ...

South Africa’s multibillion Rand money market industry has officially commenced the electronic issuing, trading and settlement of these securities in place of the manual paper based system which has been in existence since inception of the Money Market. As the largest issuer of money market securities, the South African Reserve Bank (SARB) has ...