15 March 2017
Brussels
Reporter: Drew Nicol

DTCC and Euroclear launch cross-border collateral solution


DTCC-Euroclear GlobalCollateral is launching a collateral mobility solution for US and European securities.

The Global Collateral Inventory Management Service (IMS) promises to be a transformative solution enabling users to seamlessly mobilise securities as collateral between the two major markets.

In a joint statement on the launch, the Depository Trust & Clearing Corporation (DTCC) and Euroclear explained that the new product is their response to challenges of consolidating collateral pools and accessing a broader range of counterparties.

“With IMS, financial institutions can now optimise collateral across two of the largest global market infrastructures servicing a combined $78 trillion in assets,” the statement continued.

Participants can use DTCC eligible securities in the US, including equities, corporate bonds and asset-backed securities, for collateral purposes within Euroclear.

Michael Shipton, chief executive of Global Collateral IMS, said: “This is a major step for Global Collateral. IMS delivers one of the joint venture’s key objectives–to address what market practitioners have long recognised as a critical need to be able to directly mobilise and use collateral across borders and to move dollar assets into Europe.”

“With IMS, firms have greater control and flexibility in the way they utilise their assets, while benefiting from improved efficiency.”

More technology 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
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
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
NEX Group launches new solution to deal with EMIR
10 August 2017 | London | Reporter: Jenna Lomax
NEX Group has launched a solution that enables compliance with revisions to the European Market Infrastructure Regulation
LCH and Euronext secures 10-year deal on derivatives clearing
08 August 2017 | Paris | Reporter: Jenna Lomax
The deal allows for clearing services for listed financial and commodity derivatives for the next 10 years between the two companies
Lombard Risk and Elixium have teamed up to improve repo trading and collateral management capabilities
AcadiaSoft launches new consultancy service to tackle margin calls
02 August 2017 | New York | Reporter: Jenna Lomax
Its first release under the AcadiaSoft Expert Service programme will be ISDA SIMM Approval Guidance, which will help with obtaining permission from regulators to use the ISDA SIMM for initial margin calculations
Optimas Capital opts for Broadridge investment management solution
01 August 2017 | New York | Reporter: Jenna Lomax
Optimas Capital, which has more than USD 250 million in assets under management, chose Broadridge’s Portfolio Master solution for its “accurate and smooth processing capability"