The Liquidity Alliance has announced an update to its customer connectivity service, intended to further enhance collateral efficiency.
Cetip, the alliance member in Brazil, will pilot the scheme from this month. It will be rolled out to ASX in Australia, Clearstream in Germany, Iberclear in Spain and Strate in South Africa from 2015.
Cetip was also the first member to adopt the original collateral management solution.
Fabio Zenaro, products and business manager at Cetip, said: “We led the way by implementing the system in 2011 and we have developed, with Clearstream, a pioneering solution that is a blueprint for other market infrastructures across the globe.”
The new interface is a reaction to changing regulatory rules and business models and customer feedback since the launch of the system. It is designed to offer enhanced transparency and additional advanced management tools, as well as more flexibility to adapt the system for newly emerging customer needs.
Stefan Lepp, member of the executive board and head of global securities financing at Clearstream, said: “Being part of the Liquidity Alliance with its global reach has enabled us to understand customer requirements even better and to define superior solutions to service their needs together with our partners.”
“As the technical solution provider, Clearstream is pleased to deliver the next generation of customer connectivity which will bring benefits to all current and future Liquidity Alliance members and their clients.”
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