Clearstream and CDS in Canadian partnership 26 March 2012Canada Reporter: Georgina Lavers
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Clearstream and CDS Clearing and Depository Services have agreed to explore the possibility of a triparty collateral management service for Canada.
The service aims to enable Canadian market participants to meet demands for collateral.
CEO of Clearstream Jeffrey Tessler said: "Clearstream is committed to helping the customers of our strategic partners to better utilise their scarce collateral including access to our global liquidity pool which is building further links to a growing CCP network and enabling customers to gain from greater central bank money access on a global basis."
Ian Gilhooley, President and CEO of Canadian-based CDS, said: "Our end vision is that a Canadian participant will be able to efficiently and effectively meet any demand for collateral, using collateral that is held anywhere in the world. We believe that this will become a very powerful capability in the new environment that we see developing."
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