Triparty Collateral Management Services (CmaX)

We are a market leader in the creation and delivery of triparty collateral management services within our Global Liquidity Hub.

We continuously improve and develop our solutions to keep ahead of product evolution and to drive innovation.

Customers enjoy great benefits from out triparty services including:

• Full administration from opening to closing
• Daily mark-to-market margin calls
• Autoallocation and auotsubstitution with unlimited right of substitution
• Unlimited right of reuse for a wide variety of asset classes
• Multi-currency and multi-piece transactions
• Cross-product and cross-location collateral management ability
• Proactive counterparty introduction service
• Flexible reporting and cash management options.

Triparty Repo Service

Our Triparty Repo Service enable customers to benefit from an inexpensive source of funding combined with outsourced settlement and administrative functions.

The cash providers include central banks, sovereign institutions, regional and international banks. They tend to favour triparty repos over more conventional money market instruments and bilateral repos because of their unique risk-return mix, combining a high degree of safety with additional yield pick-ups.

Clearstream acts as a neutral agent for both parties and offers a full range of services from trade opening to trade closing.

Triparty Collateral Management Service (TCMS)

Financial transactions of almost any kind require some form of collateral and so efficient collateral management has become essential for every market participant.

Clearstream customers make the most efficient use of their collateral within the Triparty Collateral Management Service via:

• Discount window borrowing from major central banks
• Central bank repurchase operations and collateral for payment facility
• Credit support of OTC derivatives
• Exposures and margining of exchange-traded derivatives.

Triparty Securities Lending Service

Independent safekeeping and monitoring dramatically reduces the manual tasks and operational risk of collateral management for lenders and borrowers of securities.

Although one of the most flexible and cost-effective methods of securing loan exposures, the comprehensive Triparty Securities Lending Service also makes the most demands on systems and operations.

As a neutral Triparty service agent, Clearstream undertakes the settlement and monitoring of the transaction right through to maturity including automatic collateral selection, mark to market and margin calls.