The new account will bring around 80% of the custody and settlement volume of T2S markets onto Clearstream’s Investor CSD services.
The move comes over three years after Clearstream opened its Cork business following the acquisition of Citco Global Securities Services.
Clearstream will work with the University of Luxembourg to research how AI and natural learning processing (NLP) can enhance automation.
The OneClearstream collateral management service allows assets to be moved across its domestic and international CSD.
Partnership will expand access to the China Interbank Bond Market through the Bond Connect scheme.
Deutsche WertpapierService Bank will implement Clearstream’s T2S services as it is rolled out on a market-by-market basis.
Automated solutions for valuing collateral has become a pressing need for the buy-side since the onset of stricter margin rules.
Clearstream recently launched its OneClearstream initiative, connecting the German and international CSD with LuxCSD.
Co-head of Clearstream Banking takes on wider sales role within Deutsche Boerse group.
Clearstream is aiming to simplify the asset servicing process on T2S with a new partnership model in the first quarter of 2018.