Clearstream, Standard Chartered Partner on Collateral Management
Clearstream will manage all collateral optimization within its global liquidity hub (GLH) utility, however, client assets will remain secured with Standard Chartered. The move will expand GLH into Asia, while allowing Standard Chartered clients to cover exposures from a global source of collateral, mitigating the risks of collateral fragmentation in the process.
"I am pleased that the joint clients of Standard Chartered and Clearstream will be able to cover their global exposures from a single collateral pool," says George Nast, global product head, transaction banking at Standard Chartered. "Not only will clients across our footprint markets of Asia, Africa and the Middle East be able to effectively collateralize obligations on a real time basis, they can overcome an industry challenge of collateral fragmentation as well."
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