REGIS-TR, the European Trade Repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME), and National Settlement Depository (NSD), the Russian Central Securities Depository, have signed a Memorandum of Understanding (MOU) to intensify their cooperation on the mutual exchange of information. The MOU addresses the development of communication channels and a cooperative relationship for the purpose of supporting and advancing the development of both organisations' repository systems.
A collateral management service developed for customers of both Clearstream and BNP Paribas Securities Services has now launched across multiple markets and for both fixed income and equities.
Regis-TR, the European Trade Repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME) recently signed Kas Bank as their first participant acting as third party reporting on behalf of other market participants.
Clearstream and Standard Chartered Bank are to cooperate on developing a customised collateral management solution for their mutual clients.
LuxCSD, the central securities depository (CSD) of Luxembourg, has received approval by the European Central Bank (ECB) for its Securities Settlement System (SSS) being eligible for use in Eurosystem credit operations.
Clearstream will launch its direct settlement link to the Russian market following the opening of a main account at the National Settlement Depository (NSD), the new Russian CSD, in February 2013.
A group of five central securities depositories (CSDs) from around the world have formed a liquidity alliance designed to help solve the global collateral shortage prompted by the 2007 financial crisis and subsequent regulatory changes.
Clearstream and 360T Trading Networks AG are cooperating on the delivery of a streamlined triparty repo solution through 360T's sophisticated front office facilities and Clearstream's integrated collateral management platform and securities lending product portfolio, the Global Liquidity Hub.
European depository Clearstream plans to pass on to its customers an estimated EUR30 million in development costs for migrating to the European Central bank's Target2-Securities (T2S) system.
European depository Cleartsream has opened a hedge fund processing centre in Dublin, Ireland, creating 15 new positions with the potential to expand to 100 roles.
© Finextra Research 2013