CollateralisedProductsfortheIndustry.pptVIP

Collateralised Products for the Industry An insight to Clearstream Liquidity Hub Agenda Features of the Clearstream Liquidity Hub Current trends Initiatives Conclusion Features of the Liquidity HubWhat is Clearstream Liquidity Hub ? Integrated Securities Lending, Borrowing and Collateral Management in cash, fixed-income and equities. 332 participants for an outstanding of EUR 500 bio. Features of the Liquidity HubWhat is Clearstream Liquidity Hub ? A series of services build over time with a network of more than 330 counterparties, operated on the ICSD and CSD platform with full settlement and custody capabilities. Securities quotation age per asset class Current total collateral under management trends Current GC pooling outstanding via EUREX Participant trends in the Liquidity Hub Features of the Liquidity HubOutlook – further improvements to come USD cash in Euro GC Pooling (2009) In addition to EUR cash, using the proven EGCP concept / infrastructure Further central bank access (collateral management), 2009 BCL 10/2009, DNB-BUBA Concept 2010 (Pending ECB Governing Council approval) Equity as collateral in triparty repo / collateral management (2009 / 2010) In addition to bonds, relying on the existing triparty services Eurex Clearing AG as CCP, e.g. for lending transactions (2010) Further reducing risk and in line with market demands / developments A Focus on Further Central Bank AccessTriparty allocation for AT,BE,DE,IT,FR,XS,NL,LU,SI A Focus on Further Central Bank AccessTriparty allocation for AT,BE,DE,IT,FR,XS,NL,LU,SI Conclusion Trust between market actors is not yet back to normal. Triparty volumes have stabilized and we see many “newcomers” (banks and non-banks) are implementing a Triparty set-up based on a lack of trust towards the ‘old financing models’. Triparty Collateral Profiles remain very conservative and risk adverse. Central Bank placements are still highly “en vogue“ although Central Bank Money rates are no longer attractive. The