Clearstream and 360T cooperate to launch pioneering tri-party repo service for corporate and institutional clients. It will seamlessly integrates Clearstream's leading collateral management solutions with the trading functionalities of 360T.
Clearstream and 360 Treasury Systems AG (360T) tri-party repo solution will be available through 360T's front office facilities and Clearstream's integrated collateral management platform and securities lending product portfolio, the Global Liquidity Hub. Clearstream believes that their partnership with 360T, the leading independent global provider of a multi-bank, multi-asset trading platform with buy-side customers in more than 50 countries, will strengthen their growing service offering for the non-financial sector.
The tri-party repo service will be offered by 360T to " matching " trading partners from the platform's client database. The counterparties will become customers of Clearstream, which will facilitate the entire tri-party repo administration by using general collateral (GC) baskets of eligible collateral. The two companies expect the service to go live by the end Q1/2013.
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