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TMX, Clearstream & 5 Banks Launch Tri-Party Repo Service

May 6, 2024 by FTF News

TMX, Clearstream & 5 Banks Launch Tri-Party Repo Service

TMX Group and Clearstream have launched the first domestic tri-party repo capability for the Canadian market, dubbed the Canadian Collateral Management Service (CCMS), which has already transactions via the support of BMO, CIBC, RBC, Scotiabank, and TD, officials say The service will support collateral management within the shorter, T+1 settlement requirements that take effect later… Read More >>

Filed Under: Derivatives Exchanges, Derivatives Operations, Collateral & Margin Management, Derivatives Processing, Securities Operations, Back Office, Buy-Side, Middle-Office, Operational Risk, Sell-Side, Settlement, T+1 Settlement Tagged With: automation, back office, Canadian Collateral Management Service, Clearstream, Securities Operations, TMX Group

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