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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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SWIFT Standards Release Guide (SRG) and BND Release Successfully Implemented

Strate successfully implemented the SWIFT Standards Release Guide (SRG) 2015 and the BND Release on Monday 23 November 2015.  

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Technological Disruptor Blockchain Dominates Sibos 2015

The financial markets are evolving and the next exciting catalyst for change is Blockchain, and while in its infancy, it has the industry talking.   Born out of the crypto currency Bitcoin, the Blockchain technology is an efficient and transparent cryptographic ledger system – or a chronological order of all Bitcoin transactions recorded in a […]

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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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Tri-Party Repo: Future-Proofing Risk and Cost for Corporate Treasurers

As a Tri-Party Collateral agent in the South African Market, Strate’s Collateral Management Services (SCMS) is well positioned to manage all of these new challenges for corporate treasurers, with its proven world-class systems and service, facilitating both cash and non-cash collateral for collateralised loans as well as Tri-Party repos.   Tri-Party repos are becoming an […]

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Beneficial Download (BND) Reporting – What You Need to Know

In accordance with current legislation, disclosure of beneficial ownership details are required to be made available to issuers on a monthly basis, or where required upon request. However, in terms of market practice, the equity dematerialised share register, known as the Beneficiary Download (BND), is produced and made available to the issuers or their agents […]

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Application to Become a Local Operating Unit for Legal Entity Identifiers Underway

During 2014 Strate’s regulator, the Financial Services Board (FSB), announced that Strate had been allocated a globally unique four-digit prefix that it will use to issue Legal Entity Identifiers (LEIs). Strate has now applied to become a fully-operational local operating unit (LOU) to the Regulatory Oversight Committee (ROC).   The LEI is a 20-digit, alpha-numeric code, to […]

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Strate’s SAFE and MMFE applications to be Replaced by a New Centralised Messaging Front End

Strate has embarked on a project to replace its Southern African Financial Instruments Real Time Electronic Settlement System (SAFIRES) Front End, or SAFE, and Money Markets Front End (MMFE) applications with a Centralised Messaging Front End (CMFE). The application, which will be accessible via Strate’s Web Portal, will have an exciting look and feel that is […]

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