TMX Group and Clearstream recently launched Canada’s first domestic triparty repo service, with the first live transactions being conducted by the country’s five largest banks: BMO, CIBC, RBC, Scotiabank and TD. We speak with Clearstream’s head of Collateral, Lending & Liquidity Solutions, Marton Szigeti, and Steve Everett, head of Post Trade Innovation at TMX Group, about how this transatlantic set up links the most granular collateral processes with sweeping changes to market practice in Canada.
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