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Euroclear surpasses €1 trillion on Collateral Highway

20 July 2017 Global Custodian

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Euroclear has set a new record on its flagship collateral management platform for the first half of the year, as it looks to continue investing in new collateral initiatives.

The total collateralised transactions processed on Euroclear’s Collateral Highway reached over €1.1 trillion, up 14% year-on-year.

Client assets held at the Belgium-based central securities depository (CSD) also increased 5% year-on-year to €28.4 trillion.

“Financial market conditions have been supportive to date, with record levels of client activity, and we reached record levels of collateral outstanding on our Collateral Highway. Euroclear is accelerating its investments in both regulation-driven initiatives and cyber security, while continuing to develop its offering for clients globally,” said Lieve Mostrey, CEO of Euroclear group.

Euroclear stated it will focus on progressing its growth initiatives in collateral, funds, and in international markets. It will also explore new opportunities in blockchain technology.

Earlier this year Olivier Grimonpont, Euroclear’s global head of collateral management, told Global Custodian its big focus for the year is around the uncleared margin rules for non-cleared derivatives.

Earlier this year its joint venture with DTCC went live with an Inventory Management Service (IMS), enabling market participants to mobilise securities from the US to Europe for use as collateral.

It also partnered with Elixium, a new European collateral exchange, as one of its tri-party repo agents.

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