QE concerns put pressure on Clearstream's securities finance business.
The launch of Clearstream’s new settlement offering follows LCH’s extension of its RepoClear service.
James Cherry has joined Pirum following a near three-year spell as vice president for global funding and financing at Clearstream.
Clearstream has completed its migration to the ECB’s T2S project as part of wave four taking total volumes on the platform to over 80%.
Clearstream is set to migrate to the ECB’s T2S initiative on 6 February.
Clearstream and DekaBank’s offering aims to simplify cross-border settlements.
Deal indicates growing need for firms to collaborate across the value chain.
Clearstream has successfully completed a migration dress rehearsal in Germany and Luxembourg in preparation of their planned migration to the TARGET2-Securities (T2S) platform.
SIX and Clearstream aim to have a memorandum of understanding in place by mid-December.
Bank Degroof Petercam will utilise Clearstream’s Vestima platform for its fund processing activities.