Eurex Repo, the electronic repo market of the international derivatives exchange Eurex, will internationalise its Euro GC Pooling offering with European collaterals, thus becoming the first electronic market in Europe to enable cross-border liquidity management via a wide range of ECB-eligible collateral.
As of 3 September, the scale of available securities holdings for Euro GC Pooling transactions will be extended to include Eurobonds and a wide range of European bonds in addition to German bonds.
This enhancement of automated straight-through processing (STP) in managing securities holdings for Euro GC Pooling transactions is possible through the connection of Clearstream Banking Frankfurt (CBF) and Clearstream Banking Luxembourg (CBL).
Stefan Lepp, Head of Global Securities Financing, Clearstream, adds: “This is a significant step forward for the streamlining and automation of collateral management in Europe. The expansion of Euro GC Pooling creates a much larger collateral pool for Clearstream’s clients.”