New DLT-based securities lending platform executes first transactions with banks
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
The project has been lauded by industry experts, and HQLAx founder Guido Stroemer was included in Global Custodian’s 30 to Shape the Future list.
Clearstream went live with the InvestorCSD model last year with the aim of providing banks a single access point to both T2S and its ICSD services.
One of the main goals of the new technologies is to automate internal tasks and workflow processes.
Euroclear Bank will be able to offer clients the choice between euro settlement in both commercial bank and central bank money.
Clearstream’s current strategy has been focused on the continued rollout of its InvestorCSD, and the expansion of its investment fund services business.
Attitudes towards the disruptive nature of DLT as a solution to everything post-trade have significantly changed since Sibos 2017.
Raid on Clearstream offices relate to the Cum-Ex scandal investigations.
The acquisition allows Clearstream to enter the domestic Australian fund markets and to directly serve Australian clients within the same region and time zone.
Clearstream expects the closure of the business will take place over a 18-month period.
Total revenues for Brussels-based Euroclear and Luxembourg-based Clearstream increased 8% and 6% respectively.