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Clearstream has confirmed its securities borrowing and lending rates that will come into effect on 1 September.
The market infrastructure provider charges different rates for equities and debt, and on a per currency basis.
The end of day rate is applied once a day to those loans that are open after the end of day processing. The rate for both lenders and borrowers is charged in EUR.
There were no changes from the rates charged in August across the board.
The confirmation of rates for September comes after Clearstream boosted its securities lending service in July. It was a move to allow assets to be accessed from a single pool as part of its migration to the Target2-Securities (T2S) settlement platform.
The decision, which promises to overcome collateral fragmentation and maximise the use of customers’ assets, saw the launch of the Clearstream Automated Securities Lending (ASL) principal suite, which is offered under the banner of the OneClearstream offering.
According to Clearstream, the suite also minimises customer exposure to the upcoming mandatory buy-ins when settlement fails, which will come into force as part of the Central Securities Depositories Regulation.
