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.
The results mark a good first year for new chief executive officer Lieve Mostrey, who took over on 1 January last year.
Citi’s plans to go live with a fund administration service for European exchange traded funds (ETF) in 2018.
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.
Concerns over sudden surges of collateral demands during volatile times have prompted buy-side to move to a direct model with the CCP.
Automated solutions for valuing collateral has become a pressing need for the buy-side since the onset of stricter margin rules.