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Clearstream and Citi have formalised their plans to a customised tri-party collateral management solution that Citi will offer to its customers. The two companies have now signed a Letter of Intent to move ahead with their collaboration to enable joint customers to benefit from Clearstream’s award-winning Global Liquidity Hub, an integrated suite of collateral management and securities lending services.
The Liquidity Hub Connect service will enable Citi customers to consolidate their collateral holdings for use within the Global Liquidity Hub in order to gain efficient coverage of their global exposures from a single optimised collateral pool. The service delivers twofold benefits as customers retain their asset portfolios within Citi’s extensive custody network while...
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