Clearstream adjusts AUD and NZD rates
21 July 2015 Frankfurt
Image: Shutterstock
Clearstream has adjusted its securities lending and borrowing service rates for equities and debt for the Australian dollar (AUD) and New Zealand dollar (NZD), effective from 1 August.
For securities lending transactions in AUD, the lending income rate for debt securities will be set at 0.75 percent, reduced from 1.25 percent in July, while borrowing fees will also drop from 2 percent to 1.5 percent.
Rates for equities in AUD for lending income will see a dip from 1.25 percent to 1 percent, and borrowing fees will be reduced from 2 percent to 1.75 percent.
Lending incomes rates for debt securities transactions in NZD will increase from 1.75 percent in July to 2 percent in August, and borrowing rates will increase slightly from 2.5 percent to 2.75 percent.
Rates for equities in NZD will remain the same, set at 2.25 percent for lending income, and 3 percent for borrowing fees.
Clearstream has also made improvements to its settlement communications platform, the Bridge. The electronic platform facilitates settlement of securities transactions between counterparties in Clearstream Banking Luxembourg and Euroclear Bank.
The improvements intend to aid the liquidity flow within Clearstream’s Automated Securities Lending (ASL) service, and ASLplus, leading to increased opportunities to open and close loans, and the ability to move collateral on the same day.
The changes to the Bridge will be effective from 28 September.
For securities lending transactions in AUD, the lending income rate for debt securities will be set at 0.75 percent, reduced from 1.25 percent in July, while borrowing fees will also drop from 2 percent to 1.5 percent.
Rates for equities in AUD for lending income will see a dip from 1.25 percent to 1 percent, and borrowing fees will be reduced from 2 percent to 1.75 percent.
Lending incomes rates for debt securities transactions in NZD will increase from 1.75 percent in July to 2 percent in August, and borrowing rates will increase slightly from 2.5 percent to 2.75 percent.
Rates for equities in NZD will remain the same, set at 2.25 percent for lending income, and 3 percent for borrowing fees.
Clearstream has also made improvements to its settlement communications platform, the Bridge. The electronic platform facilitates settlement of securities transactions between counterparties in Clearstream Banking Luxembourg and Euroclear Bank.
The improvements intend to aid the liquidity flow within Clearstream’s Automated Securities Lending (ASL) service, and ASLplus, leading to increased opportunities to open and close loans, and the ability to move collateral on the same day.
The changes to the Bridge will be effective from 28 September.
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