Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Repo news
  3. Clearstream enhances settlement solution
Repo news

Clearstream enhances settlement solution


04 June 2018 London
Reporter: Jenna Lomax

Generic business image for news article
Image: Shutterstock
Clearstream is enhancing its settlement solution for RepoClear transactions, enabling customers to settle various European cash bonds and repo markets directly into Clearstream’s international central securities depository (ICSD).

From October this year, Cleartstream’s ICSD will offer a new power of attorney (PoA) service to customers who are clearing members or agents of clearing members of LCH SA/Banque Centrale de Compensation to settle German debt securities in commercial bank money.

According to Clearstream, this initiative will complement the existing ICSD and CSD PoA services for clearing members of LCH, as well as its CSD PoA service for clearing members of LCH SA—allowing settlement in both commercial and central bank money.

From December this year, Clearstream will add Austrian, Dutch, Finnish and Portuguese debt and then Irish, Slovakian, Slovenian and supranational debt will be made available in early 2019.

The solution enhancements follow LCH Group’s recent decision to extend the RepoClear service via its Paris-based entity, LCH SA.

Clearstream already covers the lifecycle of German debt securities from issuance, settlement in TARGET2-Securities (T2S), asset servicing and automatic lending and borrowing services.
← Previous repo article

NEX Group sees repo activity increase
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
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Repo

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →