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 Industry 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
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The patchwork of outdated systems most firms use today is not fit for purpose, according to a white paper jointly released by Minium, IBM and Promontory
Euroclear reports strong 2017 operating performance
19 February 2018 | Brussels | Reporter: Jenna Lomax
The value of securities held for Euroclear clients was up 3 percent year-on-year, reaching a record €28.6 trillion for 2017
BoE release consultation on a new rule for central counterparties
16 February 2018 | London | Reporter: Jenna Lomax
BoE states that this proposed rule of written notice would “support the UK Government’s approach to the implementation of the EU Network and Information Systems Directive”
ASX sees 5.8 percent increase in collateral management activity
16 February 2018 | Sydney | Reporter: Jenna Lomax
The increase in the use of derivatives and OTC was due to a rise in futures trading, OTC clearing and collateral management activity
SIFMA testifies on legislative proposals regarding derivatives
15 February 2018 | Washington DC | Reporter: Brian Bollen
SIFMA has testified to the US House of Representatives Committee on Financial Services Subcommittee on areas that could make regulations more risk-sensitive, less complex and clearer
More than 35 percent of investors asked are planning to add to their European exposure in 2018