Read time: < 1 min

Clearstream Collateral Services to Support CLS

Clearstream Banking will provide Collateral Services products to support Continuous Linked Settlement (CLS) for CLS participants that have to post collateral with member banks or central banks when the service launches in Q2.

Regarding the launch of CLS, Dr Gerd Hartung, head of collateral products at Clearstream, says, “The ‘window’ scheduled for payments and our position in Luxembourg and Frankfurt, at the heart of the euro area, are natural advantages. The ability to generate liquidity under tighter central bank deadlines will be crucial. With our flexible, automated collateral management service, we shall provide to both settlement and participating banks, all the efficiency they need to make CLS a success.”

Profit & Loss

Share This

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit

Related Posts in