24 April 2018
visit www.ebaday.com

Clearstream and Deutsche Bank team on customised triparty collateral management system

22 July 2014  |  2201 views  |  0 Source: Clearstream

Clearstream and Deutsche Bank have signed an agreement to develop a customised triparty collateral management solution that Deutsche Bank can offer to its customers.

The cooperation will allow Clearstream to further increase its collateral under management (EUR 626.9 billion in June 2014) with additional Deutsche Bank liquidity; Deutsche Bank's customers will be able to leverage the integrated suite of triparty collateral management services that Clearstream offers via its Global Liquidity Hub.

This single and optimised collateral pool will enable Deutsche Bank customers to consolidate their collateral holdings to cover their global exposures most efficiently. While Deutsche Bank customers retain their asset portfolios within Deutsche Bank's extensive custody network, Clearstream's collateral management engine carries out complex collateral management functions such as automated and real-time allocation, optimisation and substitution. A unique feature of Clearstream's collateral service for agent banks is that it mobilises collateral in real time and only up to the amount that is required.

Stefan Lepp, Member of the Executive Board and Head of Global Securities Financing at Clearstream, said: "On the one side, our collateral strategy is about linking to ever more exposure locations such as clearing houses and central banks, and on the other side our strategy is to provide access to a growing number of collateral locations such as central securities depositories, stock exchanges and agent banks. We are pleased to help Deutsche Bank with our collateral management technology while in return we can offer our customers access to the large liquidity pool of Deutsche Bank."

Improving access to collateral is seen as a crucial issue for the financial industry at a time when the regulatory agenda drives demand for optimisation as well as adequate levels of capital and liquidity. Clearstream has already created access to several global liquidity pools by working with international strategic partners like Cetip (Brazil), ASX (Australia), Strate (South Africa), Iberclear (Spain) and BNP Paribas. Collateral management partnerships with Citi and Standard Chartered will go live this year and further developments are underway with CDS (Canada), SGX (Singapore) and VPS (Norway). 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://response.ncr.comVisit http://wup.digitalVisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Top tier banks pass first transactions on trade finance blockchainTop tier banks pass first transactions on...
14068 views comments | 20 tweets | 28 linkedin
TransferWise becomes first non-bank to open settlement account with BofE RTGSTransferWise becomes first non-bank to ope...
11192 views comments | 18 tweets | 32 linkedin
'Fake data' will make banks vulnerable - Accenture'Fake data' will make banks vulnerable - A...
9127 views comments | 26 tweets | 36 linkedin
Major card schemes zero in on single 'buy' button for online commerceMajor card schemes zero in on single 'buy'...
8419 views comments | 20 tweets | 36 linkedin
hands typing furiouslyUX Design Guide: 7 Steps to Make Digital B...
8340 views 0 | 36 tweets | 24 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job