8/11/2023 0 Comments Canadian news headlinesPlease ensure your password has at least 8 characters, an uppercase and a lowercase letter, and a number or symbol. Use at least 8 characters, an uppercase and a lowercase letter, and a number or symbol. You can unsubscribe whenever you want.īy clicking 'Sign in and Subscribe' you agree to us subscribing you to our newsletter in accordance with our Privacy Policy and Legal Notice.Įmail: (change email) Create Account and Subscribe Sign in and Subscribe We will not share your email address with any third parties. Already have an account? Don't already have an account?īy clicking 'Create Account and Subscribe' you agree to us creating an account for you and subscribing you to our newsletter in accordance with our Privacy Policy and Legal Notice.Įmails, which may be sent daily or less frequently, may include marketing elements. Please click 'Create Account and Subscribe' to create a new account and subscribe to our email alerts. We don't have an account for this email address. Please click 'Sign in and Subscribe' to continue. Please check you have typed it correctly.Īn existing account was found for this email address. We are sorry, but the email address you entered does not appear to be valid. Create Account and Subscribe Sign in and Subscribe Subscribe to our email alert of the day's top stories from the UK and around the world. Sign up for a FREE NewsNow account and get our email alert of the day's top stories from the UK and around the world. The CCMS will also support the industry shift to a T+1 settlement cycle for the Canadian and US markets in 2024, to promote increased efficiencies and collateral mobility, while reducing operational risk.Stay informed. The initial phase of the CCMS will be offered to market participants in Canada’s secured funding market, providing an automated and efficient process throughout the transaction cycle. Targeted for launch in the third quarter of 2023, the new CCMS will facilitate optimisation and collateralisation of securities finance activities throughout the Canadian market. Clients will also benefit from Clearstream’s industry-leading technology and digital innovation, such as the cloud-based, digital collateral schedule capability known as OSCAR.” CCMS will deliver increased liquidity and efficiency while minimising exposures, supporting the Canadian market on its endeavor to move to T+1. In TMX, we have found an excellent partner to deliver our proven first-class triparty repo capability to the Canadian market. Sam Riley, Chief Executive Officer of Clearstream Securities Services, added: “It is at the heart of Clearstream’s collateral management strategy to provide our clients with reliable and scalable state-of-the-art solutions that reduce the frictional costs of trading through transparency and automation. The new CCMS will enable our clients to better meet the continuously evolving collateral requirements of today’s markets, while supporting the growth of repos as an investment product for Canadian buy and sell side clients.” “In keeping with our purpose to make markets better and empower bold ideas, TMX is firmly committed to seeking out innovative, workable solutions to client challenges and strengthening Canada’s financial ecosystem. “We are pleased to work together with Clearstream, a world-leader in post-trade infrastructure and securities services in pursuit of a customised mobility and liquidity solution for Canada’s secured finance industry,” said John McKenzie, Chief Executive Officer of TMX Group. Together, TMX Group and Clearstream are working to leverage the combined strength of their complementary services to develop and deliver the CCMS, which will include the introduction of Canada's first domestic triparty repo capability.
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