Clearstream switch could ease collateral crunch

Bill Thornhill

February 09, 2017 07:00 pm

clearstream 230px — Atmosphere at the Frankfurt Stock Exchange, in Frankfurt am Main, Germany on January 12, 2012. With a share in turnover of more than 90 percent, the Frankfurt Stock Exchange is the largest of Germany's seven stock exchanges and the world's 12th largest by market capitalization. It is owned and operated by Deutsche Boerse, which also owns the European futures exchange Eurex and the clearing company Clearstream. The trading indices in Frankfurt are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50. Photo by Mario Fourmy/ ABACAPRESS.COM # 304203_039 | Fourmy Mario/ABACA/PA Images

Clearstream, one of Europe’s largest settlement platforms, joined the European Central Bank’s Target 2 Securities (T2S) platform last week — a long-awaited move which could ease the collateral crunch facing banks, as well as pave the wave for a switch to new settlement technologies such as blockchain.

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Bill Thornhill