Belfius Bank Partners Clearstream for Collateral Management, OTC Derivatives
The outsourced service, which is due to launch this year, will focus on over-the-counter (OTC) derivatives, offering margin calls, dispute management, portfolio reconciliation, legal contract administration, payments and settlements reporting and collateral transformation.
"With this unique service, we are able to address the growing pressure triggered by regulatory changes in the OTC derivatives world on a short time-to-market basis by combining the outstanding expertise of Belfius with the state-of-the-art collateral management product range of Clearstream," says Stefan Lepp, head of global securities financing at Clearstream.
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