GlobalCollateral Launches Tool for Cross-Border Collateral Mobility
Global Collateral, a joint venture between the Deposit Trust & Clearing Corporation (DTCC) and Euroclear, said IMS fulfills one of its key goals of delivering cross-border collateral mobility. GlobalCollateral CEO Michael Shipton said the IMS is a major step for the company.
“IMS delivers one of the joint venture’s key objectives—to address what market practitioners have long recognized as a critical need to be able to directly mobilize and use collateral across borders and to move dollar assets into Europe,” Shipton said. “With IMS, firms have greater control and flexibility in the way they utilize their assets.”
The solution allows financial institutions to optimize collateral across two markets that service a combined $78 trillion in assets and take advantage of the demand for high-quality securities to back trades. Dealers can consolidate assets across markets and asset classes and the use those to satisfy exposures. Participants can use the tool to move dollar assets into Europe in an efficient and cost-effective manner.
GlobalCollateral has been working on a margin settlement messaging service pilot program expected to go live this year. The service, which counts State Street and Northern Trust as participants, will take the place of manual processes involving constant back and forth between parties involved in settlements in a time of high collateral volumes.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
This Week: BBH, AllianceBernstein add data solutions, Deutsche Börse-Nodal Exchange, and more
A summary of some of the latest financial technology news.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
Can exchanges leverage new tech to claw back ETF share from RFQ platforms?
Systematic trading strategies and proliferating data are bringing efficiency to an otherwise-fragmented European ETF market.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Chris Edmonds takes the reins at ICE Fixed Income and Data Services
Edmonds is now leading ICE’s fixed income and data business as the rush to provide better data and analytics in fixed income builds.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- Deutsche Börse democratizes data with Marketplace offering
- Nasdaq reshuffles tech divisions post-Adenza