New DTCC-Euroclear collateral service launched
A new service that will allow US assets to be used as collateral in European OTC derivatives transactions has been launched by Global Collateral, a joint venture of the Depository Trust and Clearing Corporation (DTCC) and Euroclear.
The Inventory Management Service (IMS) will allow participants to use Depository Trust Company (DTC) eligible assets as collateral for transactions within Euroclear. These may include US equities, corporate bonds and asset backed securities.
The partnership, which
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