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Clearstream and the securities finance automation provider Pirum Systems are cooperating to provide mutual clients with real-time exposure visibility and an automated Triparty Required Value (RQV) solution for their securities financing activity. Clients can now view their Clearstream collateral constituents and values in real time in conjunction with underlying lending activity to manage their exposure levels more accurately.
The partnership will also automate the currently manual RQV submission service, allowing clients’ collateral requirements to be automatically and securely submitted at any desired frequency. Rajen Sheth, CEO of Pirum Systems, commented: "We are excited by the addition of Clearstream to our connectivity hub. This partnership reflects our...
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