New service will enable collateral administration desks to stay current with changes in the market and regulations.
Clearing members will now be able to use UK and US government treasury bills, bonds, and other approved fixed income securities as collateral.
The service is live for clients in France, Germany and Italy, and will be rolled out globally in the coming weeks.
The new account will bring around 80% of the custody and settlement volume of T2S markets onto Clearstream’s Investor CSD services.
DTCC-Euroclear Global Collateral partners with NEX to improve OTC derivatives margin call processes following changes in its senior leadership roles.
Grimonpont will assume his new role from the beginning of 2018, replacing Michael Shipton who plans retire at the end of the year.
Blockchain-powered platform implemented to reduce costs of back office functions and speed up margin funding times.