The OneClearstream collateral management service allows assets to be moved across its domestic and international CSD.
BNP Paribas' Patrick Colle said it is the first time a local sub-custodian has entered the tri-party collateral management space.
Clearstream and ColleX will collaborate in a bid to offer simplified buy-side access to tri-party management.
Global Custodian’s annual tri-party securities financing survey revealed firms are facing challenges from all parts of the value chain.
Global Custodian is inviting participants to partake in its annual Agent Banks in Frontier Markets and Tri-Party surveys.