Clearstream announced its added central bank money (CeBM) settlement for triparty repo. Integrated with the EU’s TARGET2 real-time gross settlement platform, CeBM opens up uncleared triparty repos to a wider market of more diverse financial and non-financial counterparties. CeBM is designed to facilitate entities such as debt management offices and state treasuries that want to engage in the reduced risk of central bank money settlement, with less friction and back-office complexity for lifecycle events.
As repo volumes increase and inflation, volatility and interest rates continue to be unpredictable, CeBM adds another liquidity management tool into the money markets in an industry first for Clearstream. In a recent podcast, James Cherry, head of Business Development at Clearstream, breaks down the key issues and looks ahead to the big macroeconomic issues that will shape the next year of global funding and financing.