Clearstream and the securities finance automation provider Pirum Systems are cooperating to provide mutual clients with real-time exposure visibility and an automated Triparty Required Value (RQV) solution for their securities financing activity. Clients can now view their Clearstream collateral constituents and values in real time in conjunction with underlying lending activity to manage their exposure levels more accurately. The partnership will also automate the currently manual RQV submission service, allowing clients’ collateral requirements to be automatically and securely submitted at any desired frequency.
Pirum now connects its clients to all four triparty agents in real-time to provide a centralized solution for both triparty and bilateral exposure management. Pirum’s RQV service continues to grow rapidly and currently manages $850bn of daily exposure for clients.
Clients leveraging Pirum can not only access Clearstream’s tri-party collateral management services, but will also be able to make use of Eurex Clearing’s Securities Lending CCP. This gives them the unique opportunity to leverage a single collateral pool approach and re-use netting opportunities available through Deutsche Börse’s Global Funding and Financing product offering.