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Settlement History Being Made with T+3

On Monday 11 July 2016, history was made. The JSE’s equities market, which used to run on a five business day settlement cycle for the past few decades, moved to a new three business day settlement cycle (T+3). This formed part of a project spearheaded by the JSE.

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TCS BaNCS Market Infrastructure: A new robust settlement system to align with global standards

  In February, Strate launched a new system for the settlement of money markets securities. The new system was selected for being a world-class CSD solution for the electronic settlement of securities.   The implementation of money markets was the first project to be launched that forms part of a wider programme where Strate will […]

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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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Never Settle for Anything Less

One of the most significant risks that has plagued markets since the beginning of time has been that a seller would deliver their securities (equities, bonds, money market instruments), but would not receive payment in return, or that the buyer would make payment and will not receive what they had paid for.   This is referred to as Principal Risk. […]

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BaNCS Market Infrastructure for Money Markets is Underway

In September last year, Strate had announced that it had selected the TCS BaNCS Market Infrastructure (BaNCS MI) solution to replace its money market, bond and equity depository operations.   Development and testing for money markets is underway, with the implementation scheduled for the third quarter of 2015. Strate will then turn to the replacement of its current bonds and equities applications […]

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What Does Strate Do?

We’ve put together an infographic to show you exactly what Strate does as a South African Central Securities Depository…  

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Strate Selects TCS BaNCS for Multi-Asset Class Depository Operations

Strate has selected TCS BaNCS for its equity and money market depository operations, further expanding the strategic relationship it has with TCS. Strate is also replacing its current bond system with TCS BaNCS for Market Infrastructure.   Boosting Strate’s leadership status in the market, this engagement reinforces the long-standing relationship that TCS has had with Strate as a trusted IT solutions partner. […]

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BaNCS MI First Phase: Money Market Implementation in 2015

Following the news that Strate has acquired the BaNCS Market Infrastructure solution products for bonds, equities and money market securities, Strate has already begun the migration of money markets. The implementation thereof is scheduled for the beginning of August 2015.   The majority of the system changes required for the money market implementation will be within Strate’s own systems with minimal development […]

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Strate Waives Fees for Phase 1 of the JSE T+3 Project Implementation

Over the weekend of 20-22 July 2013, the Johannesburg Stock Exchange (JSE) implemented Phase 1* of its T+3 Project aimed at reducing the settlement cycle from the current T+5 to T+3. Phase 1 of the project involved separating JSE Members’ proprietary and controlled accounts at both Strate and at the CSD Participants…

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Monica Singer Appointed Vice President of AMEDA

Strate’s CEO Monica Singer has been appointed as the Vice President of Africa & Middle East Depositories Association (AMEDA). AMEDA was established in 2005 to reduce risks related to depository, clearing and settlement issues and to support efforts to raise efficiency …

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