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Clearstream, the international central securities depository (ICSD), and ColleX™ the collateral exchange platform, announced today a collaboration that brings together ColleX™’s visible pricing and liquidity for secured lending transactions with Clearstream’s simplified collateral management services.
With the introduction of the Clearstream Repurchase Conditions (CRC), Clearstream has greatly simplified tri-party repo and its settlement processes. The CRC sets out tri-party provisions and collateral acceptability in one single legal document and gives all participants instant access to a rich and diverse counterparty pool without the need for multiple bilateral legal agreements. More than 70 participants are signed to the CRC ranging from traditional dealer...
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