Latest news with #clearing
The Independent
4 days ago
- Business
- The Independent
Why more students are set to get their preferred university places
A record number of 18-year-olds are predicted to secure their first-choice university place on A-level results day this year. Universities are expected to be more flexible with applicants who narrowly miss their grades, driven by financial pressures and competition to fill places. This situation creates a "buyer's market" for UK students, as institutions seek stability from domestic three-year undergraduate enrolments amid uncertainty over international student recruitment and frozen tuition fees. Despite a high number of offers already made, over 22,600 courses, including some at elite Russell Group universities, are available through the Ucas clearing system. Clearing has evolved from a last-chance option to a more widely used tool for students to secure places or change their study plans.
CBC
5 days ago
- Climate
- CBC
Riley Laychuk's Manitoba forecast for Wednesday, Aug. 6, 2025
Expect clearing through the afternoon for much of southern Manitoba. Showers continue for the north.
Finextra
31-07-2025
- Business
- Finextra
'Ask The Stupid Questions': How Payments Progress Requires Unlearning
Attending EBAday 2025 in Paris, Simon McConnell, Global Head of European Clearing, Citi Bank took some time to speak to FinextraTV about the changing clearing landscape and how in the pursuit of progress, some are essentially unlearning old habits. Coming towards the end of ISO migration, McConnell said that there has been a huge amount of work put into progress but that these changes have created an increase of costs and the focus is now on tangible, actionable cost-reduction opportunities. He further believes that payment professionals are struggling to understand where to place priorities and that, where they are still on a learning curve, they should get more used to collaboration that allows the "stupid questions" to be asked.
Reuters
08-07-2025
- Business
- Reuters
Euronext launches European repo clearing expansion
July 8 (Reuters) - Euronext ( opens new tab said on Tuesday it was expanding clearing services for repo agreements in Spanish, Portuguese, and Irish government bonds as part of the pan-European market operator's initiative to consolidate its position in that sector. WHY IT'S IMPORTANT: Euronext, which already offers clearing for repo agreements in Italian government bonds, said its "Repo Foundation" initiative would expand to include French, German, Dutch, and Belgian government bonds in the third quarter, and then Austrian and Finnish government bonds in the fourth quarter of this year. For the first time, international firms can join the platform — either through existing Euronext connections or as repo-only participants. A repo, or repurchase agreement, is a type of short-term loan for dealers in government debt. In a repo, one party sells an asset to another party at one price and commits to repurchase the same or another part of the same asset from the second party at a different price at a future date or on demand. If the seller defaults during the life of the repo, the buyer can sell the asset to a third party to offset its loss. KEY QUOTE: "The Repo Foundation is the first phase of our wider Repo Expansion Initiative — a multi-year strategy to deliver a fully integrated, pan-European clearing model," said Anthony Attia, global head of derivatives and post-trade at Euronext. "With a strong footprint in Italian repo, a growing list of government bond coverage, and the majority of key clearing members already connected, Euronext is well positioned to become the clearing house of choice for European repo," he said. The International Capital Markets Association (ICMA) estimates the total value of the European repo market at around 10.86 trillion euros ($12.8 trillion). ($1 = 0.8506 euros)
Finextra
03-06-2025
- Business
- Finextra
The Importance of a Modernised Custodial Process
Connor Coughlin, Chief Commercial Officer, Apex Fintech Solutions in his FintextraTV interview at the Communify Fincentric Experience 2025 gave his insights into an often overlooked and misunderstood element of payments: custody and clearing. Often, Coughlin says, many of our issues can come from a clunky, outdated custodial process, something that can be solved with evolving technologies and a more considered mindset.
