Eurex and Clearstream to introduce CCP for securities lending

Deutsche Börse Group subsidiaries Eurex Clearing and Clearstream Banking Luxembourg have announced plans to introduce a central counterparty service (CCP) for securities lending in Q2 2009.

  0 Be the first to comment

Eurex and Clearstream to introduce CCP for securities lending

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Under the plans, Eurex Clearing will act as the clearinghouse for Clearstream's ASLplus securities lending programme, which has been operational for three years.

Securities lending customers will benefit from netting on an anonymous basis, balance sheet relief and mitigation of counterparty risk, say the partners.

Stefan Lepp, member of the Clearstream Board and head of global securities financing, comments: "The CCP will help restore confidence in the lending industry and lead to a new quality of liquidity."

He says the joint offering emphasises the advantages of Deutsche Börse Group's vertically integrated business model. "We can offer a complete service package from a single source," says Lepp.

Sponsored [On-Demand Webinar] Exploring the ethics of AI in banking

Comments: (0)

[Webinar] Reaping the benefits of Hyper-Personalisation with AI and Application ModernisationFinextra Promoted[Webinar] Reaping the benefits of Hyper-Personalisation with AI and Application Modernisation