19 August 2017
Find out more

Clearstream launches fee-free overnight bond borrowing programme

03 July 2003  |  3761 views  |  0 Clearstream launches fee-free overnight bond borrowing programme

Clearstream has launched a new borrowing and lending programme that puts German federal securities at the disposal of market participants without a lending fee from late in the afternoon until early in the morning.

Clearstream parent Deutsche Börse describes the programme, called BAMBL (Bond Advanced Management for Borrowing and Lending ), as the first building block in a comprehensive series of services that the group is developing to improve the settlement of cross-border transactions.

As an additional element, Eurex Clearing, the group's clearing organisation, will operate as an automatic borrower for Eurex bonds and repo trades in the Euroclear settlement system as of the third quarter 2003.

The German exchange says the measures should increase the settlement ratio for cross-border transactions during the night-time processing cycle and contribute to the improvement of the interoperability of settlement systems.

Intraday lending fees in BAMBL will only be incurred if the borrowed securites are not returned until after the first daytime processing cycle.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Tony Kirby resurfaces at Deutsche Börse

Tony Kirby resurfaces at Deutsche Börse

25 June 2003  |  5864 views  |  0 comments
Clearstream flows smoothly in Swift STP review

Clearstream flows smoothly in Swift STP review

22 May 2003  |  4621 views  |  0 comments

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8810 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7752 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7043 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6386 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6245 views comments | 11 tweets | 9 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job