Clearstream switch could ease collateral crunch

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By Bill Thornhill
09 Feb 2017

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.

Clearstream is the largest member of T2S and the migration of its business, along with five other smaller central securities depositories, has led to a doubling of volumes settled through T2S.

This is the fourth and largest migration to T2S, a process that will finish with a fifth ...

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