The Bank of Canada chooses CCMS
26 February 2025 Canada
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The Bank of Canada has elected to use the Canadian Collateral Management Service (CCMS), as developed by TMX Group and Clearstream.
TMX Group says that the CCMS aids the optimisation and collateralisation of securities finance activities throughout the Canadian market, by simplifying the end-to-end domestic collateral management process.
The Bank of Canada joining the CCMS is said to be a significant milestone in strengthening Canada's financial market ecosystem and aligning to global standards.
Toni Gravelle, deputy governor for Bank of Canada, says: "The Bank of Canada is pleased to join the CCMS. The CCMS will enable us to execute our market operations with greater speed and flexibility.”
Steve Everett, head of post trade innovation at TMX Group, adds: "We are delighted that the Bank of Canada is joining the CCMS. This milestone modernises, strengthens and standardises the entire secured funding ecosystem improving market resilience, risk management and collateral mobility at scale."
TMX Group says that the CCMS aids the optimisation and collateralisation of securities finance activities throughout the Canadian market, by simplifying the end-to-end domestic collateral management process.
The Bank of Canada joining the CCMS is said to be a significant milestone in strengthening Canada's financial market ecosystem and aligning to global standards.
Toni Gravelle, deputy governor for Bank of Canada, says: "The Bank of Canada is pleased to join the CCMS. The CCMS will enable us to execute our market operations with greater speed and flexibility.”
Steve Everett, head of post trade innovation at TMX Group, adds: "We are delighted that the Bank of Canada is joining the CCMS. This milestone modernises, strengthens and standardises the entire secured funding ecosystem improving market resilience, risk management and collateral mobility at scale."
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