Clearstream to Facilitate Germany's DekaBank Trading settlement
- The solution coincides with a series of measures aimed at simplifying practices across Europe's post-trade securities landscape.
Clearstream, a provider of post-trade services for financial services participants, has jointly developed a pan-European cross-border settlement solution with DekaBank, the fund manager for the German savings banks, which will be applicable to the bank’s cleared trades on Euronext, tpREPO and BrokerTec.
In line with customer demand, the initial focus of the offering is on selected European markets including Belgium, France and the Netherlands, which collectively represent a great portion of European cross-border settlement flows. Seamless interoperability between the markets gives the investor the opportunity to choose the most efficient and robust settlement location.
The development coincides with a series of measures aimed at simplifying practices across Europe's previously disparate post-trade securities landscape.
Clearstream already provides the post-trade infrastructure to help banks improve their Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and collateral management by pooling liquidity in one place and making collateral management more efficient. The firm services securities from over 56 markets worldwide and has nearly $14 trillion in assets under custody.
Commenting on the news, Philip Brown, Co-CEO of Clearstream Banking, said: “We are delighted to have won DekaBank as a customer for our new cross-border settlement solution. This is an important step in the harmonisation of Asset Servicing across Europe, which enables market participants active in the Belgian, French and Dutch markets to benefit from improved and streamlined liquidity, collateral and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.”
Clearstream, a provider of post-trade services for financial services participants, has jointly developed a pan-European cross-border settlement solution with DekaBank, the fund manager for the German savings banks, which will be applicable to the bank’s cleared trades on Euronext, tpREPO and BrokerTec.
In line with customer demand, the initial focus of the offering is on selected European markets including Belgium, France and the Netherlands, which collectively represent a great portion of European cross-border settlement flows. Seamless interoperability between the markets gives the investor the opportunity to choose the most efficient and robust settlement location.
The development coincides with a series of measures aimed at simplifying practices across Europe's previously disparate post-trade securities landscape.
Clearstream already provides the post-trade infrastructure to help banks improve their Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and collateral management by pooling liquidity in one place and making collateral management more efficient. The firm services securities from over 56 markets worldwide and has nearly $14 trillion in assets under custody.
Commenting on the news, Philip Brown, Co-CEO of Clearstream Banking, said: “We are delighted to have won DekaBank as a customer for our new cross-border settlement solution. This is an important step in the harmonisation of Asset Servicing across Europe, which enables market participants active in the Belgian, French and Dutch markets to benefit from improved and streamlined liquidity, collateral and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term.”