Canadian Collateral Management Services – Enhanced liquidity with inclusion of equities for triparty repo
TMX Group and Clearstream will launch an enhanced version of the Canadian Collateral Management Services (CCMS) platform on 19 October 2024. The enhancements will increase the liquidity for triparty repo transactions by adding equities to the scope of eligible securities.
What’s new?
The following equities will be eligible for triparty repo transactions on the CCMS platform:
- S&P/TSX 60 index: equities of the 60 largest and most liquid companies on the Toronto Stock Exchange;
- S&P/TSX Composite index: equities of a comprehensive selection of Canadian-based companies listed on the Toronto Stock Exchange.
The equities will be seamlessly integrated into the CCMS platform, providing clients with a streamlined and efficient trading experience.
What’s the added value for clients?
- Increased market depth: The inclusion of the highly liquid S&P/TSX 60 and S&P/TSX Composite equities enhances the overall market depth, allowing for more efficient and flexible collateral management;
- Optimised cash flow: Clients can leverage the liquidity of eligible equities to optimise their cash flow and meet short-term funding needs more effectively.
Further information
Please contact your Clearstream relationship manager for more detailed information or login to MyClearstreamfor contacts of Clearstream Banking Client Services in your region.