INTERNATIONAL: Cooperation Agreement between Clearstream and Standard Chartered

Sunday April 21 2013

Clearstream and Standard Chartered Bank are to cooperate on developing a customised collateral management solution for their mutual clients. The two companies have signed a letter of intent that has signalled the start of their development collaboration to enable customers of both Clearstream and Standard Chartered to benefit from the Liquidity Hub Connect collateral management service.

This will allow Standard Chartered customers to be able to consolidate their collateral holdings through Clearstream’s Global Liquidity Hub and cover their global exposures from a single collateral pool. The customers will therefore be able to leave their assets in custody at Standard Chartered while avoiding any inefficient collateral fragmentation.

Click on the above link for more details.