CONTACT
Mark van Weezenbeek
Head of Sales & Business Development
T: +31 65 321 14 52 |
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KAS BANK further strengthens its position in the European securities infrastructure
KAS BANK: Equities Clearing and Settlement Services
With the introduction of the new CCP in the Nordics as of October 9th, 2009, KAS Bank will provide the full range of clearing and settlement services in these markets.
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How do we provide these services?
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Integrated and uniform procedures for clearing, settlement and custody on the main European markets, independent of the local market structure. |
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Straight-Through-Processing (STP). |
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Settlement of your securities transactions through a single cash and securities account. |
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A single credit facility for your cash and securities transactions. |
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Settlement through our central clearing platform in Amsterdam. |
On which markets do we provide these services?
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Connection to the main European Central Securities Depositories (CSDs). |
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Direct connection to all clearing organisations in Europe, including EMCF (Chi-X), EuroCCP (Turquoise) and NASDAQ-OMX. |
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Direct connection to the payment systems of the central banks in the European markets on which we are active. |
Your benefits
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High quality services for the main European securities exchanges and trading venues, the exchanges of Dubai and Hong Kong and the main exchanges in the United States. |
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Sharp deadlines. |
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Competitive fees. |
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A single clearing and settlement agreement regardless of the number of markets on which you are active or wish to become active. |
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A single credit and margin model regardless of the number of markets on which you are active or wish to become active. |
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Trade and settlement in five different time zones. |
Securities borrowing for timely settlement
Our Securities Lending Desk provides direct access to the international securities lending market. ur auto borrow program ensures that your delivery obligations are automatically borrowed in case your holding is not sufficient (yet) to make such deliveries.
Your benefits:
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Direct access to the securities borrowing and lending market |
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Timely settlement of your securities transactions |
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Same-day-turn-around of your securities transactions through automatic securities borrowing and lending |
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Complete administrative settlement of your borrowing transactions |
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24/7 online insight into your borrowing positions at KAS BANK |
In line with the harmonisation movement across Europe, the Nordic markets are moving rapidly towards a more competitive and efficient securities trading infrastructure. NASDAQ OMX already offers a ‘voluntary’ Central Counterparty (CCP) service across its exchanges in Copenhagen, Helsinki and Stockholm, and intends to launch a full CCP service within months.
The introduction of a CCP, in contrast to fragmented bilateral settlements, will benefit market participants by driving liquidity and lowering costs. Most European markets today are centrally cleared, and this move ensures that the Nordics keep pace with international standards. Most crucially in the current climate, a CCP acting as counterparty to both the buyer and seller will significantly reduce counterparty risk.
As a dedicated European specialist, KAS BANK is at the forefront of these developments. We offer a comprehensive clearing service across all four Nordic markets, delivering significant processing efficiencies and market-leading risk control.
Press release 16 november 2012
Our Clearing services
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We guarantee and reconcile your traded positions, we manage your margin obligations and settlement of your trades – either with or without your instructions. |
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Active management of your outstanding positions. Failed settlements and arising fines and buy-ins will be reduced to a minimum, by close monitoring and securities lending. |
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Margin financing facility, in line with the minimum requirements of the relevant clearing organisations. |
Tailor-made settlement Our clearing and settlement procedures offer you maximum flexibility for the settlement of your exchange transactions. You can choose from the following options:
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netting per security per day |
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trade for trade |
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aggregated (total sales, total buys per security) |
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customised |
You can monitor the settlement status of your on-exchange related settlement by means of KAS-Web, our internet application.
Instructions
We offer different possibilities for the electronic sending and receiving of instructions and confirmations.
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SWIFT/SWIFTNET |
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KAS-Web |
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Direct connection to your own front-end trading system/back office system. |
Reporting
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Uniform clearing output for all markets on which you are active |
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Accepted Trades Report |
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Settlement Score Sheets |
All reports are available online. You can also easily export the reports in Excel format from KAS-Web.
KAS-Web
Our online inquiry system and information portal KAS-Web provides you 24/7 insight into:
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Up-to-date information and historical data of all your clearing and settlement transactions at KAS BANK. |
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Up-to-date information on your cash and securities balances, securities movements and cash movements on your KAS BANK accounts. |
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Provision of online instructions for settlements, cash and corporate actions. |
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Custody services, including status information of your corporate actions. |
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Compose and download different reports online. |