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The India-based central counterparty Indian Clearing Corporation Limited (ICCL) and the Luxembourg-based international central securities depository Clearstream have agreed to collaborate on collateral management. They have recently signed an agreement on linking ICCL to Clearstream’s integrated collateral management engine, the Global Liquidity Hub. This step enables clearing members to manage their ICCL margin requirements resulting from trades executed on the BSE platform with the Global Liquidity Hub. Collateral can be pooled at the Global Liquidity Hub from assets held at Clearstream and partner agent banks to avoid bottlenecks in the sourcing of the right high-grade collateral to meet the CCP’s margin requirements.
This link to the triparty collateral management...
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