16 August 2017
London
Reporter: Jenna Lomax

Clearstream confirms rates for September


Clearstream has confirmed its securities borrowing and lending rates that will come into effect on 1 September.

The market infrastructure provider charges different rates for equities and debt, and on a per currency basis.

The end of day rate is applied once a day to those loans that are open after the end of day processing. The rate for both lenders and borrowers is charged in EUR.

There were no changes from the rates charged in August across the board.

The confirmation of rates for September comes after Clearstream boosted its securities lending service in July. It was a move to allow assets to be accessed from a single pool as part of its migration to the Target2-Securities (T2S) settlement platform.

The decision, which promises to overcome collateral fragmentation and maximise the use of customers’ assets, saw the launch of the Clearstream Automated Securities Lending (ASL) principal suite, which is offered under the banner of the OneClearstream offering.

According to Clearstream, the suite 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.

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
NEX Regulatory Reporting made trade repository under EMIR
24 November 2017 | London | Reporter: Jenna Lomax
The trade repository, which will be based in Stockholm, Sweden, will prepare NEX for its trade operations post Brexit
Al Ramz Capital gains short selling licence
24 November 2017 | Abu Dhabi | Reporter: Jenna Lomax
Al Ramz Capital is one of the first investment providers to offer short-selling in the UAE
BNP Paribas bolsters its senior agency lending roster
24 November 2017 | London | Reporter: Drew Nicol
Adnan Hussain moved from RBC to take up a role as global head of agency lending and head of market and financing services in the UK for BNP Paribas
Hedge funds continue 2017 run
23 November 2017 | Madrid | Reporter: Drew Nicol
Global AUM of hedge funds rose 24 percent to $3.2 trillion in the past two years, according to data captured by IOSCO’s latest market survey.
Goldman Sachs appointed by Thrivent for agent lending
23 November 2018 | Minneapolis | Reporter: Jenna Lomax
Thrivent Financial has appointed Goldman Sachs as it new lending agent
ICMA maps repo and cash bond operations
22 November 2017 | Zurich | Reporter: Zsuzsa Szabo
ICMA has launched a free-to-read mapping directory for more than 80 technology solutions for repo and cash bond operations
FCA publishes MiFID II guide
22 November 2017 | London | Reporter: Jenna Lomax
The guide focuses on the regulatory regime in MiFID II for trading venues and data reporting services providers