TMX Group Limited and Clearstream Banking S.A., the international central securities depository of Deutsche Börse Group, today announced the Bank of Canada’s decision to utilise the Canadian Collateral Management Service (CCMS).
Developed by TMX Group and Clearstream, the CCMS facilitates the optimisation and collateralisation of securities finance activities throughout the Canadian market. The CCMS provides exclusive domestic tri-party repo capabilities to increase repo market liquidity.
The CCMS streamlines and simplifies end-to-end domestic collateral management activities, thereby unlocking trapped collateral and improving collateral mobility for repo, securities lending and margin for derivatives activities.
The participation of the central bank in domestic tri-party operations is both a globally accepted standard and a key facilitator for the broader market. The Bank of Canada joining the CCMS is a significant…
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