19 June 2017
London
Reporter: Drew Nicol

Clearstream and ColleX collaborate on collateral


Central securities depository Clearstream and collateral exchange ColleX are teaming up to improve buy-side access to triparty collateral management.

Collex aims to leverage the Clearstream Repurchase Conditions (CRC), which sets out triparty provisions and collateral acceptability in one single legal document.

The CRC offers instant access to the a large counterparty pool, with more than 70 participants signed up, ranging from traditional dealer counterparts, to insurers and corporate treasurers looking for secured funding.

ColleX in turn provides a centralised liquidity hub for collateral lending and repo transactions.

The collaboration will connect the two trading venues, for improved price discovery through the CRC legal document and triparty platform. CRC clients can then actively trade with each other directly with simple settlement connectivity.

Glen Stone, head of ColleX, said: “By coupling Clearstream’s capability to manage the operational lifecycle of triparty repo transactions with the ColleX trading technology, ColleX is offering price discovery and best execution to further streamline and simplify a historically fragmented market which can be difficult to access.”

Marcel Naas, head of global funding and financing at Deutsche Börse Group, added: “Our partnership with collateral exchange platform ColleX speaks to our commitment to further increase collateral efficiency by entering into successful collaborations.”

“Providing our buy-side clients with a simplified access to tri-party collateral management, creating a single collateral pool and exploring re-use and netting opportunities, are among the objectives of our new global funding and financing product offering.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
EXCLUSIVE: Sunil Daswani leaves Northern Trust
21 February 2018 | London | Reporter: Jenna Lomax
Sunil Daswani, head of international securities lending at Northern Trust has left the company
Top of hot stocks: TechnipFMC PLC and Match
21 February 2018 | London | Reporter: Jenna Lomax
TechnipFMC PLC, formed by the merger of oil services companies, led the FIS Astec Analytics hot stocks list for EMEA last week
ISLA responds to BMF’s draft circular
20 February 2018 | London | Reporter: Brian Bollen
The International Securities Lending Association (ISLA) has sent a letter to the German Ministry of Finance responding to the BMF’s draft circular released on 25 January 2018 on the subject of a manufactured dividend rule
SBL Network welcomes independent consultant
20 February 2018 | London | Reporter: Jenna Lomax
SBL Network Limited has appointed Charlotte Clout as an independent consultant
Fidessa sees revenue growth across all regions in 2017
20 February 2018 | London | Reporter: Jenna Lomax
Fidessa has reported that its yearly revenue increased by 7 percent for 2017, ending the year with £353.9 million compared to £331.9 million in 2016
Foreign investment in US down
19 February 2018 | Washington DC | Reporter: Brian Bollen
Official figures, released 15 February, by the US Department of the Treasury show a drop in foreign investment in the US in December
Minium, IBM and Promontory release joint white paper
19 February 2018 | London | Reporter: Jenna Lomax
The patchwork of outdated systems most firms use today is not fit for purpose, according to a white paper jointly released by Minium, IBM and Promontory