Eurex joins Clearstream and VERMEG partnership to expand use of collateral
15 May 2024 Europe
Image: Vittaya_25
Eurex has partnered with software provider VERMEG to offer clients a collateral management solution.
The new solution will connect the Eurosystem Collateral Management System (ECMS), Clearstream鈥檚 Triparty services and Eurex鈥檚 GC Pooling.
Deutsche Borse Group says the partnership will provide new opportunities for collateral optimisation via the re-use of collateral to increase clients鈥� Central Bank Credit Line within the new ECMS.
The ECMS is due to be implemented in November 2024.
Frank Gast, member of the management board of Eurex Repo, says: 鈥淎 unified approach to Eurosystem Collateral Management will standardise collateral management across the Eurozone, advancing liquidity, market reliability and automation potential.鈥�
Michael Cariginano, head of Markets Innovation at VERMEG, adds: 鈥淭hrough direct connectivity to ECMS and Clearstream, coupled with full access to collateral re-use capabilities facilitated by GC Pooling at Eurex, banks will enjoy efficiency and flexibility in managing their collateral assets.鈥�
The new solution will connect the Eurosystem Collateral Management System (ECMS), Clearstream鈥檚 Triparty services and Eurex鈥檚 GC Pooling.
Deutsche Borse Group says the partnership will provide new opportunities for collateral optimisation via the re-use of collateral to increase clients鈥� Central Bank Credit Line within the new ECMS.
The ECMS is due to be implemented in November 2024.
Frank Gast, member of the management board of Eurex Repo, says: 鈥淎 unified approach to Eurosystem Collateral Management will standardise collateral management across the Eurozone, advancing liquidity, market reliability and automation potential.鈥�
Michael Cariginano, head of Markets Innovation at VERMEG, adds: 鈥淭hrough direct connectivity to ECMS and Clearstream, coupled with full access to collateral re-use capabilities facilitated by GC Pooling at Eurex, banks will enjoy efficiency and flexibility in managing their collateral assets.鈥�
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