Ripple (XRPUSD)

[WiseYoda]

I appreciate your articles but the XRP army’s bags is blip on the radar screen with the demand thats coming. What we’re witnessing is unlike anything ever seen before...very rare indeed as most people have not seen a new asset class created leading many to mis-analyze what’s happening here. The moves that have been happening don’t happen often which is why many are not recognizing them or even know what they mean. I bet many don’t even know who the global trade repository is let alone who the European securities financing transactions regulation is. So much in the pipeline for 2020, and confident more then ever that we will be mooning into the dollars this year.

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BIG BANKS sign on for DTCC Global Trade Repository for SFTR obligations

“The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that BARCLAYS, GOLDMAN SACHS and J.P. MORGAN will use DTCC’s multi-award winning Global Trade Repository (GTR) service, offered by its Repository and DERIVATIVES (RDS) division, in order to meet their regulatory obligations under the European Securities Financing Transactions Regulation (SFTR), which are anticipated to take effect in APRIL 2020.”

https://www.finextra.com/pressarticle/78653/big-banks-sign-on-for-dtcc-global-trade-repository-for-sftr-obligations

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When are STFR’s are going live? April 11th...were talking trillions upon trillions of dollars at play here.....

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ICMA SFTR Task Force Update --- March 2019

* 11 April 2020: reporting go-live for BANKS and INVESTMENT FIRMS, which is 12 months after entry into force
* 11 July 2020: reporting go-live for CCPs & CSDs, which is 15 months after entry into force
* 11 October 2020: reporting go-live for the buy-side, which is 18 months after entry into force
* 11 January 2021: reporting go-live for non-financial counterparties (NFCs), which 21 months after entry into force.
 
https://www.icmagroup.org/Emails/icma-sftr-task-force-update-april-2019/icma-sftr-task-force-update-april-2019.html

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SFTR go live confirmed for Q2 2020

“The European Commission has yesterday adopted the measures under the Securities Financing Transactions Regulation (SFTR), effectively setting the go-live date at Q2 2020.”

Reporting go-live timeline:
* Q2 2020 (April 11) – Credit Institutions and Investment Firms
* Q3 2020 (July 11) – Central Counterparties (CCPs) and Central Securities Depositories (CSDs)
* Q4 2020 (October 11) – Pension Funds and UCITS
* Q1 2021 (January 11) – Non-Financial Counterparties

https://theotcspace.com/content/sftr-go-live-confirmed-q2-2020