Strate congratulates Singapore for exploring a Collateral Management Solution with Clearstream

Strate wishes to congratulate both Singapore Exchange (SGX) and Clearstream for entering into an LOI to jointly explore the launch of a collateral management service.


This infrastructure has already been adopted internationally when Clearstream’s technology went live with the Brazilian CSD Cetip in July 2011. It will shortly be launched with ASX (Australia), Strate (South Africa), Iberclear (Spain) and CDS (Canada).


In January 2013, the parties announced the formation of an association of industry peers called the Liquidity Alliance, which aims to create a sustainable international industry approach to address the global collateral crunch.


Strate is looking forward to welcoming new members into the Liquidity Alliance and the cross sharing of experience and knowledge.


Strate and Euroclear to Introduce Further Fund Processing Efficiencies

Monica Singer with Euroclear’s Lieve Mostrey

Strate and Euroclear have signed a Letter of Intent to explore a new approach to automate the processing of mutual fund (unit trust) transactions for South Africa. The initiative is strategically aimed at establishing a fully electronic environment for the industry and investors in local funds.


Through the collaborative initiative with Euroclear, Strate is exploring the implementation of an electronic and centrally hosted mutual fund settlement and custody platform for the South African market.


As part of the project’s feasibility study, Strate and Euroclear will also investigate options to centralise recordkeeping as well as create added benefit by improving settlement and payment efficiencies. The project will be explored in consultation with the market to assess their appetite, define the required functionalities and determine the best way forward.


Strate Maintains BEE Rating 

In the 2013 BEE Audit, Strate has been categorised as a Level 3 Contributor, with an overall score of 77.26. The score was based on Strate’s 2012 Audited Financial Statements.


Strate was measured against the new Generic Scorecard with significantly higher targets for Employment Equity and Preferential Procurement compared with previous years. During this year’s BEE Audit, Strate achieved the maximum points allowed in Skills Development, Enterprise Development and Socio-Economic Development, elements directly within Strate’s control. Strate is pleased that it has improved its target and that it has maintained its BEE Rating Level.

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