Deutsche Bank partners with Clearstream and Euroclear
22 July 2014 London
Image: Shutterstock
Deutsche Bank has gone into partnership with Clearstream and Euroclear to help clients consolidate, optimise and more efficiently assign their collateral inventory as part of the TARGET2-麻豆传媒 (T2S) initiative.
The partnership will provide clients with a single entry point from which they can reach the collateral pools and distribution channels used by all key institutional and market infrastructure firms.
The partnerships with Clearstream and Euroclear will give clients the opportunity to make better use of assets held domestically to secure exposures and financing transactions in tri-party, whilst consolidating the view of inventory with their preferred provider.
Clients will benefit from a reduction of funding costs by mobilising eligible assets cross-jurisdictionally in a safe and custody-integrated framework.
Rafael Moral, head of investor services, institutional cash and securities services at Deutsche Bank, said: 鈥淭his partnership with Clearstream and Euroclear forms part of Deutsche Bank鈥檚 larger T2S strategy which is designed to provide our clients with direct access, through a centralised technical hub, combined with specialised local expertise and client service.鈥�
鈥淲e believe our T2S offering is truly complete and compelling; it combines a wide choice of operating models and value-added services with the kind of liquidity that only a leading global franchise such as Deutsche can deliver.鈥�
The partnership will provide clients with a single entry point from which they can reach the collateral pools and distribution channels used by all key institutional and market infrastructure firms.
The partnerships with Clearstream and Euroclear will give clients the opportunity to make better use of assets held domestically to secure exposures and financing transactions in tri-party, whilst consolidating the view of inventory with their preferred provider.
Clients will benefit from a reduction of funding costs by mobilising eligible assets cross-jurisdictionally in a safe and custody-integrated framework.
Rafael Moral, head of investor services, institutional cash and securities services at Deutsche Bank, said: 鈥淭his partnership with Clearstream and Euroclear forms part of Deutsche Bank鈥檚 larger T2S strategy which is designed to provide our clients with direct access, through a centralised technical hub, combined with specialised local expertise and client service.鈥�
鈥淲e believe our T2S offering is truly complete and compelling; it combines a wide choice of operating models and value-added services with the kind of liquidity that only a leading global franchise such as Deutsche can deliver.鈥�
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