Eurex broadens collateral reach
14 January 2014 Frankfurt
Image: Shutterstock
Eurex Clearing has extended its collateral services by providing direct connectivity into Clearstream’s triparty collateral management service (the global liquidity hub).
Through this link to the triparty collateral management engine of the International Central Securities Depository (ICSD) Clearstream Banking Luxembourg, Eurex Clearing members are able to deposit and use securities collateral to cover their respective risk. The new service also supports clearing members in pooling their collateral portfolio within the global liquidity hub across different counterparts and services.
“Eurex Clearing customers will now benefit from a streamlined triparty collateral management process through our global liquidity hub,” said Stefan Lepp, member of the executive board of Clearstream.
“The execution of our strategy to access collateral locations globally, leveraging our growing number of strategic partnership arrangements and, on the other side, linking to globally fragmented exposure locations such as CCPs, further accelerates with the addition of Eurex Clearing.”
Through this link to the triparty collateral management engine of the International Central Securities Depository (ICSD) Clearstream Banking Luxembourg, Eurex Clearing members are able to deposit and use securities collateral to cover their respective risk. The new service also supports clearing members in pooling their collateral portfolio within the global liquidity hub across different counterparts and services.
“Eurex Clearing customers will now benefit from a streamlined triparty collateral management process through our global liquidity hub,” said Stefan Lepp, member of the executive board of Clearstream.
“The execution of our strategy to access collateral locations globally, leveraging our growing number of strategic partnership arrangements and, on the other side, linking to globally fragmented exposure locations such as CCPs, further accelerates with the addition of Eurex Clearing.”
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