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Clearstream’s new master agreement enables quicker and easier access to triparty repos

Clearstream has developed a streamlined master agreement that provides a practical framework for customers seeking a quick entry into triparty repo transactions executed through their Global Liquidity Hub.

The Clearstream Repurchase Conditions (CRC) effectively speed up the counterparty "marriage-broking" process by enabling customers to sign just one document that is applicable for any number of counter-parties. The CRC is a set of standardised dedicated master repurchase conditions for triparty repo and specially designed to operate with Clearstream's CMSA.

The contract is only applicable to triparty repo and has been drawn up under Luxembourg law. It has been designed to work together with Clearstream's Collateral Management Service Agreement (CMSA) 2013. The CRC does not compete with the Global Master Repurchase Agreement (GMRA) but does contain the core provisions of the current industry standardised repo agreements.

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