Clearstream has announced an upgrade to its digital post-trade platform, D7, with the launch of D7 Generation2. Developed in collaboration with Google, this enhanced version aims to make the issuance process faster, easier, and more efficient.
The D7 Generation2 platform now supports a broader spectrum of complex Retail Structured Products (RSP), covering approximately 90 per cent of the RSP issuance volume in the German market, says Clearstream in a press release. This expansion in product scope is designed to cater to a wider range of market needs.
One of the features of the new platform is its mass issuance capability. The updated API enables the processing of up to 40,000 issuances per day, significantly increasing Clearstream’s issuance capacity. This improvement is expected to streamline the issuance process, especially for larger volumes.
In addition to the enhanced issuance capacity, D7 Generation2 introduces a harmonised data model that adheres to international market standards. This alignment not only facilitates geographical expansion but also supports technical innovations such as tokenisation, paving the way for future advancements in the market.
€4 billion bond
The platform’s new features are already making an impact. In June alone, Clearstream processed around 15,000 issuances, bringing the total number of issuances to over 50,000. Among these issuances was a €4 billion benchmark bond issued by KfW, demonstrating the platform’s capability to handle significant transactions efficiently.
