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Clearstream, the international central securities depository (ICSD) within Deutsche Börse Group, and Oslo Clearing ASA, the Norwegian central counterparty (CCP), are cooperating in the area of collateral management. Clearstream customers can cover their margin exposure to Oslo Clearing ASA through Clearstream’s collateral pool, its Global Liquidity Hub.
Oslo Clearing ASA is the third CCP to which Clearstream provides integrated collateral management services for margining incorporating auto allocation, optimization and auto substitution. Clearstream offers collateral management services on a global scale and across multiple time zones. Oslo Clearing ASA provides clearing services for cash equities, equity certificates and Exchange Traded Funds (ETFs) traded on the Oslo stock exchange.
Christian Sjöberg, Chief Executive Officer of Oslo Clearing ASA, said: “We are very satisfied with Clearstream’s state-of-the-art collateral management system that we are using since the beginning of the cooperation in June 2010. Through this cooperation, we can now offer additional flexibility to our customers as they can deliver international collateral to us using Clearstream as a channel.”
Stefan Lepp, Head of Global Securities Financing and member of the executive board of Clearstream, said: “We are pleased about the cooperation with Oslo Clearing ASA. This is another route for our customers to collateralize their multiple exposures on a streamlined basis by leveraging our growing Global Liquidity and Risk Management Hub. The cooperation is another milestone in our strategy to cover global exposure through a consolidated and optimized collateral pool.”
