Securities Finance

New platform enables near-instant collateral transfers for margin requirements across jurisdictions. 

Launch of ECMS centralises Eurosystem collateral processes, with Euroclear supporting mobilisation of over €550 billion in assets. 

Through the move, the buy-side is set to benefit from an enhanced platform which allows them to automate and use MMFs as collateral on triparty by transforming excess cash.

The news follows the launch back in March 2025, wherein Natixis Corporate & Investment Banking acted as a principal lender against JP Morgan as a borrower.

New set-up replaces 20 collateral management systems previously operated by national central banks and is closely links to T2S.

New functionality is designed to enable clients to define, update, monitor and share collateral schedules in real-time.  

Latest development for the Canadian Collateral Management Service sees RBC Investor Services collaborate to extend its optimisation benefits. 

Ed Corral, head of collateral services at Pirum, highlights the challenges of collateral liquidity management, the impact of T+1 settlement, evolving regulations, and the role of AI and automation in optimising collateral. 

The membership expands Euroclear Bank’s access to cleared euro repo markets through LCH’s French-based platform. 

Former Citigroup and Morgan Stanley exec joins to support growth and lead securities finance and collateral management for the region.