Breaking News
TMX Group and Clearstream Announce Bank of Canada to Utilize the Canadian Collateral Management Service
TMX Group Limited (TMX Group) and Clearstream Banking S.A. (Clearstream), the international central securities depository of Deutsche Börse Group, are pleased with the Bank of Canada’s decision to utilize the Canadian Collateral Management Service (CCMS).
Developed by TMX Group and Clearstream, the CCMS facilitates the optimization and collateralization of securities finance activities throughout the Canadian market. The CCMS provides exclusive domestic tri party repo capabilities to increase repo market liquidity.
The CCMS streamlines and simplifies end-to-end domestic collateral management activities, thereby unlocking trapped collateral and improving collateral mobility for repo, securities lending and margin for derivatives activities.
The participation of the central bank in domestic tri-party operations is both a globally accepted standard and a key facilitator for the broader market. The Bank of Canada joining the CCMS is a significant step towards further strengthening Canada’s financial markets ecosystem and aligning to global standards.
Toni Gravelle, Deputy Governor, Bank of Canada, said: “The Bank of Canada is pleased to join the CCMS. Once we’ve updated our IT systems to onboard the new platform, the CCMS will enable us to execute our market operations with greater speed and flexibility.”
Marton Szigeti, Head of Collateral, Lending & Liquidity Solutions at Clearstream, commented: “Since its launch in 2024, the CCMS has developed to be the go-to service for tri-party collateral management in Canada. The Bank of Canada deciding to join the service underlines its strategic significance for the stability, efficiency and innovative power of the country’s capital markets.”
Steve Everett, Head of Post Trade Innovation, TMX Group, said: “We are delighted that the Bank of Canada is joining the CCMS. This milestone modernizes, strengthens and standardizes the entire secured funding ecosystem improving market resilience, risk management and collateral mobility at scale.”
- Pembroke Leads Funding Round Into Kaizan of up to £2.5m to Help Services Firms Grow Every Client with AI Read more
- DNA Payments and OnePlusTwo Partner to Expand Self-service Kiosks and Solutions for Hospitality and Retail Read more
- ING Appoints Andrea Burnett as UK Head of Network Sector Coverage Read more
- FloQast and Forvis Mazars Germany Announce Strategic Partnership to Transform Accounting Automation Read more
- Ardian and iCapital® Expand Distribution of Ardian Access Evergreen Strategies Through Leading Global Fund Platforms Read more
Pembroke Leads Funding Round Into Kaizan of up to £2.5m to Help Services Firms Grow Every Client with AI
Pembroke VCT has led a funding round of up to £2.5 million in Kaizan, investing £1.5 million alongside Velocity Capital and leading industry angels.
DNA Payments and OnePlusTwo Partner to Expand Self-service Kiosks and Solutions for Hospitality and Retail
DNA Payments, the UK’s leading independent payment provider, and OnePlusTwo, a provider of advanced Point of Sale (POS), self-service, and Kitchen Display Screen (KDS) technologies, are partnering to make in-store self-service and online purchases more accessible across hospitality and retail. Together, they offer an all-in-one solution bringing secure, fast payment processing together with the latest software technologies.
ING Appoints Andrea Burnett as UK Head of Network Sector Coverage
ING has appointed Andrea Burnett as UK Head of Network Sector Coverage, a newly created role designed to support the bank’s growth ambitions with multinational clients through its global network.
FloQast and Forvis Mazars Germany Announce Strategic Partnership to Transform Accounting Automation
FloQast, the Accounting Transformation Platform created by accountants for accountants to automate accounting and audit workflows with AI, today unveiled a strategic partnership with Forvis Mazars Germany focused on enhancing operational efficiency through the automation of key accounting processes.
Ardian and iCapital® Expand Distribution of Ardian Access Evergreen Strategies Through Leading Global Fund Platforms
Ardian, a global private investment firm, and iCapital[1], the global fintech company shaping the future of investing, today announced the continued expansion of their partnership with the broader availability of the Ardian Access SICAV suite of evergreen[2] private markets strategies[3] through leading global fund platforms, including Allfunds, Clearstream and Euroclear Fundsplace.
Insurance DataLab Enhances Security Committee-in-a-Box with Insurer Performance Index insights
Market intelligence firm Insurance DataLab has enhanced its Security Committee-in-a-Box tool, embedding its new Insurer Performance Index to support more evidence-based placement decisions.
Jifiti and Peach Finance Partner to Deliver End-to-End Lending Infrastructure for Community and Regional Banks
Jifiti and Peach Finance announced a strategic partnership to deliver a fully integrated, end-to-end lending solution tailored for community and regional banks
Pembroke Leads Funding Round Into Kaizan of up to £2.5m to Help Services Firms Grow Every Client with AI
Pembroke VCT has led a funding round of up to £2.5 million in Kaizan, investing £1.5 million alongside Velocity Capital and leading industry angels.
DNA Payments and OnePlusTwo Partner to Expand Self-service Kiosks and Solutions for Hospitality and Retail
DNA Payments, the UK’s leading independent payment provider, and OnePlusTwo, a provider of advanced Point of Sale (POS), self-service, and Kitchen Display Screen (KDS) technologies, are partnering to make in-store self-service and online purchases more accessible across hospitality and retail. Together, they offer an all-in-one solution bringing secure, fast payment processing together with the latest software technologies.
ING Appoints Andrea Burnett as UK Head of Network Sector Coverage
ING has appointed Andrea Burnett as UK Head of Network Sector Coverage, a newly created role designed to support the bank’s growth ambitions with multinational clients through its global network.
FloQast and Forvis Mazars Germany Announce Strategic Partnership to Transform Accounting Automation
FloQast, the Accounting Transformation Platform created by accountants for accountants to automate accounting and audit workflows with AI, today unveiled a strategic partnership with Forvis Mazars Germany focused on enhancing operational efficiency through the automation of key accounting processes.
Ardian and iCapital® Expand Distribution of Ardian Access Evergreen Strategies Through Leading Global Fund Platforms
Ardian, a global private investment firm, and iCapital[1], the global fintech company shaping the future of investing, today announced the continued expansion of their partnership with the broader availability of the Ardian Access SICAV suite of evergreen[2] private markets strategies[3] through leading global fund platforms, including Allfunds, Clearstream and Euroclear Fundsplace.
Building a Greenfield Foundation for Digital Transformation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Rise of Autonomous Agents in Financial Ecosystems
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]