Strategic securities lending
Our strategic lending programme enables clients to maximise the use of their assets to generate additional yield. Clearstream acts as a contractual counterparty to lenders and borrowers thereby offering the advantage of trading against a AA-rated financial market infrastructure (FMI) company as intermediary. In this respect, Securities Lending & Borrowing (SLB) counterparties benefit from more favourable Risk Weighted Assets (RWA) treatment that they would typically obtain through trading bilaterally.
ASLplus
ASLplus is a dynamic service that increases lenders’ portfolio yields, with Clearstream acting as contractual counterparty (borrower) under the loans with the Lender in accordance with the SLPA and a single borrower.
ASLplus complements the ASL fails lending service. It provides opportunities for ASL lenders to earn additional income on their portfolios by allowing them to negotiate securities lending rates, in addition to the existing ASL fixed rates. Lenders benefit from waived custody fees on lent positions.
The service offers access to the wholesale fixed income market that is driven by demands for strategic lending rather than for lending of last resort for failing trades.