International central securities depository (ICSD) Clearstream and Deutsche Bank have announced a partnership that will see the two firms develop a triparty collateral management service.
The partnership between the two firms allows Clearstream to increase its collateral under management with the addition of Deutsche's liquidity, while the bank's clients will gain access to the ICSD's suite of triparty services via its Global Liquidity Hub network.
"On the one side, our collateral strategy is about linking to ever more exposure locations such as clearing houses and central banks, and on the other side our strategy is to provide access to a growing number of collateral locations such as CSDs, stock exchanges and agent banks," says Stefan Lepp, head of global securities financing at Clearstream. "We are pleased to help Deutsche Bank with our collateral management technology while in return we can offer our customers access to the large liquidity pool of Deutsche Bank."
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