Euroclear states that its figures "eclipse" rivals
21 January 2014 Brussels
Image: Shutterstock
Average daily collateral outstanding on Euroclear’s global collateral highway climbed from €700 billion at the end of 2012 to over €787 billion at the end of 2013, with peaks of up to €830 billion in the second half of the year.
A statement from Euroclear said that the 12 percent increase on the collateral highway “comfortably eclipsed” annual growth figures reported by other collateral management service providers.
Tim Howell, CEO of Euroclear, said: “I am delighted by the tremendous growth witnessed on Euroclear’s collateral highway, both in terms of the billions sourced and mobilised every single day for our participants, and also the many additional clients and partners we have welcomed on board in 2013 … [it] is an endorsement of Euroclear’s strategy to focus on providing friction-free mobility of assets globally which can then be allocated optimally to key liquidity providers, such as central banks and risk-mitigating central clearing counterparties (CCPs).”
He added that increased traffic on the highway justified the firm’s multi-year investment plan to deliver an open market collateral management infrastructure solution.
The highway has experienced eight CCP take-ups, including CME, ICE Clear, LCH.Clearnet and, most recently, the Dubai Central Clearing Corporation.
However, the firm asserted that the biggest growth in collateral traffic came from financial institutions increasingly accessing collateralised liquidity from central banks assembled on the highway.
A statement from Euroclear said that the 12 percent increase on the collateral highway “comfortably eclipsed” annual growth figures reported by other collateral management service providers.
Tim Howell, CEO of Euroclear, said: “I am delighted by the tremendous growth witnessed on Euroclear’s collateral highway, both in terms of the billions sourced and mobilised every single day for our participants, and also the many additional clients and partners we have welcomed on board in 2013 … [it] is an endorsement of Euroclear’s strategy to focus on providing friction-free mobility of assets globally which can then be allocated optimally to key liquidity providers, such as central banks and risk-mitigating central clearing counterparties (CCPs).”
He added that increased traffic on the highway justified the firm’s multi-year investment plan to deliver an open market collateral management infrastructure solution.
The highway has experienced eight CCP take-ups, including CME, ICE Clear, LCH.Clearnet and, most recently, the Dubai Central Clearing Corporation.
However, the firm asserted that the biggest growth in collateral traffic came from financial institutions increasingly accessing collateralised liquidity from central banks assembled on the highway.
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