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Tri-party collateral services

Tri-party collateral services

As part of Clearstream’s Global Liquidity Hub, members are able to meet margin requirements via two different tri-partite systems: CmaX (Clearstream Luxembourg) and Xemac (Clearstream Frankfurt).
Automated facilities allow for optimal use of collateral and increase its liquidity, offering clients more efficient real-time asset management.

  • Automatic allocation of securities collateral according to pre-defined eligibility criteria
  • Automatic substitution of allocated securities, e.g. securities subject to corporate action events
  • Daily mark-to-market securities evaluation and comprehensive reporting by transaction and net exposure

In addition to the above points, Xemac also offers customers access to the GC pooling re-use functionality.