TMX/Clearstream’s CCMS to add equities collateral for triparty repo

TMX Group and Clearstream announced the launch of an enhanced version of the Canadian Collateral Management Services (CCMS) platform. The enhancements will increase the liquidity for triparty repo transactions by adding equities to the scope of eligible securities.

The following equities will be eligible for triparty repo transactions on the CCMS platform:

  • S&P/TSX 60 index: equities of the 60 largest and most liquid companies on the Toronto Stock Exchange;
  • S&P/TSX Composite index: equities of a comprehensive selection of Canadian-based companies listed on the Toronto Stock Exchange.
  • The equities will be seamlessly integrated into the CCMS platform, providing clients with a streamlined and efficient trading experience.

The inclusion of the highly liquid S&P/TSX 60 and S&P/TSX Composite equities enhances the overall market depth, allowing for more efficient and flexible collateral management. In addition, clients can leverage the liquidity of eligible equities to optimize their cash flow and meet short-term funding needs more effectively.

Source

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