On Friday 13 October, 2017, the first non-cash collateral exposure between A2X Markets and one of its brokers was successfully reported and settled using Strate’s Tri-Party Collateral Management Services. This came just over a week after A2X Markets had announced it was operational and settling transactions on a T+3 settlement cycle using Strate’s settlement infrastructure. […]
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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.
Update on T+3: Reduced settlement cycle for equity market to be launched soon
South Africa aims to attract local and foreign investment and maintain global best practice with regard to settlement time. That is what the JSE’s T+3 project aims to achieve and deliver. The JSE’s move to implement a T+3 settlement cycle is set for 11 July 2016. Final implementation is the third phase of the […]
An Overview of the JSE’s T+3 Project
The JSE has provided the following overview of its T+3 Project: What is T+3? T+3 (or T3) is the abbreviation used to describe the JSE-driven market initiative to shorten the settlement cycle in the cash equity market from its current 6 day (or T+5) schedule to a new 4 day schedule. The T+3 project […]
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Companies’ share register information is not restricted by new laws
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Application to Become a Local Operating Unit for Legal Entity Identifiers Underway
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