Euroclear’s Collateral Highway releases first results
Latest news
Euroclear’s Collateral Highway releases first results 12 February 2013Brussels Reporter: Georgina Lavers
Image: Shutterstock
In its first recorded results, Euroclear's global "Collateral Highway" used €700 billion of securities as collateral each day by the year-end of 2012.
The Collateral Highway links commercial and investment banks, supranationals, central banks, central counterparties and other capital market infrastructure providers across time zones and markets.
Euroclear’s global Collateral Highway mobilised €700 billion of collateralised transactions each day by year-end 2012, a year when the repo market contracted by 14 percent according to ICMA and the European Repo Council.
Launched in July 2012, the Collateral Highway has no direct year-over-year comparison data. In 2011, Euroclear Bank’s triparty collateral management and Euroclear UK & Ireland’s delivery-by-value services achieved the equivalent of €503 billion per day.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times