Clearstream partnered with Shanghai Commercial & Savings Bank and facilitated its first tri-party repo transaction in Taiwan
Clearstream, Deutsche Börse Group’s post-trade services provider, recently completed its first tri-party repo transaction in Taiwan. Shanghai Commercial & Savings Bank Ltd, Taiwan (SCSB) partnered with ANZ Banking Group Ltd (ANZ) in this landmark transaction, with Clearstream acting as the tri-party agent.
The repo and reverse repo market plays an important role in liquidity management in Taiwan. Globally, tri-party repos are gaining popularity over more traditional money market instruments and bilateral repos, particularly among buy-side clients such as corporates, hedge funds and asset managers. This is due to their attractive risk/return profile, which combines a high degree of safety with the possibility for additional yield enhancement.
Clearstream’s tri-party repo service offers clients access to diversified and deep pools of liquidity, connecting global market participants as a neutral intermediary for 30 years. By leveraging Clearstream’s expertise and platform, clients benefit from streamlined settlement and administrative support, as well as value-added services from trade initiation to settlement.
Philip Brown, CEO at Clearstream Banking S.A., said: “As a leading provider of global post-trade services, Clearstream is committed to connecting markets and facilitating innovation in the financial industry. This transaction in Taiwan demonstrates our dedication to supporting our clients’ evolving needs and expanding access to efficient and secure liquidity management tools. We are proud to partner with SCSB and ANZ on this important milestone for the Taiwanese market.”
“Partnering with Clearstream on this pioneering tri-party repo transaction represents a significant advancement for SCSB. Leveraging Clearstream’s robust platform and extensive network gives us a competitive edge in managing our liquidity and optimising our investment strategies. This transaction opens new opportunities for SCSB in the Taiwanese market and reinforces our commitment to delivering innovative financial solutions to our clients,” added Clement Lee (李世豪), Treasurer of SCSB.
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[Editorial note: Please find here a high-resolution photo of Philip Brown.]
About Clearstream
Clearstream is the innovative and trusted post-trade business for the global markets. It runs the leading securities and funds servicing ecosystems of tomorrow.
The company operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. With 19 trillion Euros in assets under custody, it is one of the world’s largest settlement and custody firms for domestic and international securities.
It also delivers premier fund dealing, distribution, digital and data services, covering over 55 fund markets worldwide.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
About Shanghai Commercial & Savings Bank, Ltd.
The Shanghai Commercial & Savings Bank, Ltd. is one of the leading financial institutions in Taiwan among its peers.
The company is committed to developing a diversified core businesses that encompasses corporate banking, personal banking, wealth management, and treasury marketing.
The company continuously innovates its financial products and services, expands its high-net-worth business, and actively recruits talents from various sectors.
The company embraces the theme “Smart Sustainability, Innovative Diversity” and is committed to promoting sustainable development alongside value creation.
The company cultivates a diverse range of core innovative products and services, enhances non-interest income and capital efficiency, and optimises its operations and management. Additionally, the company seeks opportunities to establish overseas branches to further its vision of becoming the leading Taiwanese bank in the Asia Pacific region.