Norwegian CCP Update
26 October 2010 Oslo
Image: Shutterstock
Clearstream and Oslo Clearing ASA, the Norwegian central counterparty (CCP), are cooperating in the area of collateral management. Clearstream customers can cover their margin exposure to Oslo Clearing ASA through Clearstream's collateral pool, its Global Liquidity Hub.
Oslo Clearing ASA is the third CCP to which Clearstream provides integrated collateral management services for margining incorporating auto allocation, optimization and auto substitution. Clearstream offers collateral management services on a global scale and across multiple time zones. Oslo Clearing ASA provides clearing services for cash equities, equity certificates and
Exchange Traded Funds (ETFs) traded on the Oslo stock exchange.
Christian Sjoberg, Chief Executive Officer of Oslo Clearing ASA, said: "We are
very satisfied with Clearstream's state-of-the-art collateral management
system that we are using since the beginning of the cooperation in June 2010.
Through this cooperation, we can now offer additional flexibility to our customers
as they can deliver international collateral to us using Clearstream as a channel."
Stefan Lepp, Head of Global Securities Financing and member of the
executive board of Clearstream, said: "We are pleased about the cooperation with Oslo
Clearing ASA. This is another route for our customers to collateralize their
multiple exposures on a streamlined basis by leveraging our growing Global
Liquidity and Risk Management Hub. The cooperation is another milestone in
our strategy to cover global exposure through a consolidated and optimized
collateral pool."
Oslo Clearing ASA is the third CCP to which Clearstream provides integrated collateral management services for margining incorporating auto allocation, optimization and auto substitution. Clearstream offers collateral management services on a global scale and across multiple time zones. Oslo Clearing ASA provides clearing services for cash equities, equity certificates and
Exchange Traded Funds (ETFs) traded on the Oslo stock exchange.
Christian Sjoberg, Chief Executive Officer of Oslo Clearing ASA, said: "We are
very satisfied with Clearstream's state-of-the-art collateral management
system that we are using since the beginning of the cooperation in June 2010.
Through this cooperation, we can now offer additional flexibility to our customers
as they can deliver international collateral to us using Clearstream as a channel."
Stefan Lepp, Head of Global Securities Financing and member of the
executive board of Clearstream, said: "We are pleased about the cooperation with Oslo
Clearing ASA. This is another route for our customers to collateralize their
multiple exposures on a streamlined basis by leveraging our growing Global
Liquidity and Risk Management Hub. The cooperation is another milestone in
our strategy to cover global exposure through a consolidated and optimized
collateral pool."
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
