Mutual clients of Deutsche Börse’s post-trade group Clearstream and tech platform operator Pirum are now able to handle collateral movements building on a connection between them.

Pirum runs a hub where connected financial institutions and service providers can automate their interaction with each other along the trade and collateral lifecycles. The company says it has some 180 clients including the major part of the world’s 30 most important banks.

Announced in a press release, the new connection with Clearstream will let mutual clients “automate the calculation, matching, submission and validation of collateral requirements and allocations for securities lending, repo and OTC derivative transactions,” they announce and continue:


“The extended connectivity assists clients with agreeing collateral on a real-time basis, reducing collateralisation timeframes and increasing efficiencies along the value chain, from improving settlement rates and reducing fails and SDR penalties to optimising collateral more efficiently.”