Clearstream Banking SA

05/16/2018 | Press release | Distributed by Public on 05/16/2018 07:26

Global Securities Financing: Improvement to eligibility criteria


14 May 2018

As part of our continuous improvement process, increased granularity and new criteria have been made available for the creation of collateral baskets within the Triparty Collateral Management Service.

ECB criteria

For securities included within the list published by the ECB, collateral allocation can be managed using ECB Criteria alone or combined with our full suite of available fields.

Structured bond subtypes

The granularity of structured bond subtypes has been improved, to include:

  • LN - Linked Notes
  • ELN - Equity Linked Notes
  • COCO - Contingent Convertible

To maintain integrity of signed collateral baskets, the new subtypes will be automatically excluded from baskets agreed and signed before this date. Customers wishing to include the new structured subtypes should contact their Relationship Officer.

Inflation Linked Notes (ILN)

Due to the high number of sovereign bonds issued with the characteristic 'Inflation Linked Notes' , it is managed as a separate criteria.

Issuers/Other criteria

Additionally, a number of criteria have been added, based upon:

  • Issuer LEI
  • Ultimate parental issuer LEI
  • Issuer country of domicile
  • Issuer country of incorporation
  • Issuer country of risk
  • Ultimate Parent Issuer (UPI) country of risk
  • Loan participation notes

Further information

An updated CMSA Appendices for Collateral Receivers, for Premium users only, under Key Documents / ICSD / Global Securities Financing.

If you are interested in further information about any of our Global Securities Financing solutions, please contact our dedicated GSF team:

Contact Global Securities Financing services

[email protected]

Luxembourg +352-243-36868
London +44-(0)20-7862-7142
Singapore +65-6597-1622
Hong Kong +852-2530-7411
Dubai +971-4-331-0644
New York +1-212-309-8882