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Clearstream and Sumitomo Mitsui Banking Corporation (SMBC) are collaborating with the aim of developing a collateral management service for their mutual customers. The service will enable mutual customers to consolidate their Japanese government bonds (JGBs) held across both institutions into one single pool to perform triparty collateral management transactions with any Clearstream collateral receiver. The service will be part of Clearstream’s integrated collateral management offering, the Global Liquidity Hub. Whereas Clearstream already offers triparty collateral management services for JGBs via its international central securities depository (ICSD), this service will now be extended to JGBs under local custody with a Japanese bank. Thanks to their investment grade rating, JGBs are...
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