Clearstream rolls out securities lending pool as part of T2S harmonization

Clearstream has announced the rollout of securities lending into OneClearstream as part of the ICSD’s effort to harmonize connectivity channels, streamline its custody network and improve its asset servicing, collateral management and securities lending services. The latest securities lending feature is ASL principal.

This move follows Clearstream’s TARGET2-Securities (T2S) migration in February. The migration to the T2S centralized European settlement platform has opened new opportunities for pooling CSD and ICSD liquidity across asset classes thereby overcoming collateral fragmentation and maximizing the use of customer’s assets by automatically allocating them for securities lending purposes.

OneClearstream customers can connect and access Clearstream Banking Frankfurt as German CSD; Clearstream Banking Luxembourg as international CSD (ICSD); and LuxCSD as Luxembourg CSD, and their related services via a single, integrated platform. Clearstream plans to go live with a new asset servicing model around the first quarter of 2018.

Read the full release

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