Broadridge Financial Solutions has announced that Mizuho Securities Asia (Mizuho) has commenced live operations on its CCASS (Central Clearing and Settlement System) Adapter in Hong Kong. Mizuho is using Broadridge’s adapter to support the settlement of its domestic equities business in Hong Kong. The CCASS Adapter is designed to provide a two-way interface between any back office securities processing system and Hong Kong Exchanges and Clearing Limited’s Central Clearing and Settlement System. In addition to automating the file generation of settlement instructions, the CCASS Adapter also handles trade settlement and position reconciliation within the host system on receipt of the relevant reports from CCASS. Mizuho has signed a multi-year agreement with Broadridge to use its adapter to connect to CCASS.
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