Clearstream Banking Collateral Management Services Announces Support for CLS
Clearstream Banking will be providing CLS participants with a wide range of collateral management and securities processing tools, at two distinct levels: – The central bank level: settlement banks could raise liquidity through us in major currencies and at short notice by transferring collateral to a central bank with accounts in Clearstream Banking for receiving collateral; – The CLS participant level: banks who are offering 3rd party services can receive collateral from the 3rd party in order to make timely payments on their behalf into CLS.
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