07 July 2017
Frankfurt
Reporter: Drew Nicol

Clearstream launches T2S pooled lending suite


Clearstream has boosted its securities lending service to allow assets to be accessed from a single pool as part of its migration to the Target2-Securities (T2S) settlement platform.

Users will gain access to Clearstream’s international central securities depository (ICSD) and its central securities depository (CSD) assets in a single location.

The move promises to overcome collateral fragmentation and maximise the use of customer’s assets by automatically allocating them for securities lending.

The improved service comes with the launch of Clearstream’s Automated Securities Lending (ASL) principal suite, which is offered under the banner of the OneClearstream offering.

OneClearstream allows customers to access Clearstream Banking Frankfurt as well as Clearstream Banking Luxembourg as ICSD, and also LuxCSD as the Luxembourg CSD.

According to Clearstream, ASL principal combines the efficiency of the ASL service with the simplicity and security of a principal structure and Clearstream Banking as sole counterparty.

ASL principal also minimises customer exposure to the upcoming mandatory buy-ins when settlement fails, which will come into force as part of the Central Securities Depositories Regulation.

The new connectivity suite includes access to ClearstreamXact, which allows customers to access ICSD and CSD services, including collateral management, settlement, cash management, asset servicing.

Clearstream stated that the launch of ASL’s pooled service is part of its long-term goal of offering customers a single pool of liquidity.

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
Pension plans accuse banks of anti-competitive behaviour
18 August 2017 | New York | Reporter: Drew Nicol
Three US pension plans have accused six of securities lending’s biggest banks of blocking nascent platforms and keeping the market for themselves
Repo passes judgement on MMF collateral rules
18 August 2017 | Brussels | Reporter: Drew Nicol
Thirteen industry stakeholders made up of major global banks and industry associations responded, with largely positive feedback on ESMA’s proposals
UBS expands securities lending team
17 August 2017 | Zurich | Reporter: Drew Nicol
UBS’s has regained Iwan Lichtsteiner as a member of its fixed income, securities lending and financing team, effective from October
Clearstream angling for central role in China’s market growth
17 August 2017 | Luxembourg | Reporter: Drew Nicol
Deutsche Börse Group and Clearstream representatives will be present at the Shanghai International Financial Advisory Council being at the end of August
Whitebox Advisors chooses Broadridge suite solution
17 August 2017 | New York | Reporter: Drew Nicol
Whitebox Advisors has mandated Broadridge Financial Solutions to transform its technology platform into a fully integrated, hedge fund operation
Clearstream confirms rates for September
16 August 2017 | London | Reporter: Jenna Lomax
The market infrastructure provider charges different rates for equities and debt, and on a per currency basis
CloudMargin unveils microsite for OTC derivatives
15 August 2017 | London | Reporter: Jenna Lomax
The new microsite, designed by UK-based design agency Eight Arms, was created to help financial institutions globally become accustomed to the new margin rules and other regulations affecting their collateral management functions