Luxembourg
24 November 2016
Reporter: Mark Dugdale
DekaBank goes to Clearstream for cross-border aid
DekaBank has picked Clearstream to support domestic settlement of its cleared trading activity on Euronext, tpREPO and BrokerTec across Belgium, France and the Netherlands.

Clearstream Banking Luxembourg will act as DekaBank’s settlement agent for fixed income and equities to improve its liquidity and collateral management, which the international central securities depository achieves through pooling assets in one location for use elsewhere.

“We are delighted to have won DekaBank as a customer for our new cross-border settlement solution,” commented Philip Brown, Co-CEO of Clearstream Banking.

“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.”

More clearing and settlement news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
SEC to move US to T+2
23 March 2017 | Washington DC | Reporter: Drew Nicol
Members of the SEC’s industry steering committee, including DTCC and SIFMA, were quick to praise the commission on the amendment
CloudMargin bring Nasdaq Clearing on board collateral platform
13 March 2017 | London | Reporter: Drew Nicol
CloudMargin has secured Nasdaq Clearing as a user of its web-based collateral and margin management solution
DTCC’s STP suite sees record-breaking 2016
08 February 2017 | London | Reporter: Stephanie Palmer
The Depository Trust & Clearing Corporation suite of institutional straight-through processing products processed a record number of almost 1 billion trades in 2016
Clearstream migrates to T2S
06 February 2017 | Frankfurt | Reporter: Mark Dugdale
Clearstream Banking Frankfurt has confirmed that it successfully migrated to the Target2-Securities platform over the weekend...
SIX x-clear extends to Nordics
19 January 2017 | Copenhagen | Reporter: Stephanie Palmer
SIX x-clear, the clearing arm of SIX Securities Services, has extended its services to the Nasdaq Nordic cash markets, offering an interoperable clearing solution for Denmark, Finland and Sweden...
SwapClear reveals record-breaking 2016
09 January 2017 | London | Reporter: Stephanie Palmer
LCH’s SwapClear service saw a record high in interest rate derivatives cleared in 2016, processing a total of over $665 trillion in 3.8 million trades...
Pilot complete for London blockchain bullion service
20 December 2016 | London | Reporter: Stephanie Palmer
Euroclear and Paxos have completed a pilot for their blockchain settlement service for the London bullion market...
More clearing and settlement news