CME Clearing Europe Selects globeSettle

The CSD offers a straight-through collateral and custody service, provided by JPMorgan.

The Chicago Mercantile Exchange (CME) Group has chosen globeSettle as a collateral location venue for its central counterparty (CCP), CME Clearing Europe.

Operated by the London Stock Exchange Group (LSEG), globeSettle is a central securities depository (CSD) that will act as an additional option for CME Clearing Europe's clients to place collateral for trades, in line with European regulations. The organization is the third such CCP to select globeSettle.

"We are delighted that CME Clearing Europe has selected globeSettle as a collateral location venue," says Andrea Tranquillini, MD, business development at globeSettle. "The appointment is further evidence of LSEG's open-access model, where CCPs, brokers, clearing members and collateral providers can meet margin requirements in an efficient settlement and custody environment."

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