TRIPARTY ZOOM
ESES triparty service
Clients of the ESES platform can now benefit from triparty collateral
management services in central bank money.
The introduction of triparty
services in ESES comes at
a timely moment as repo
activity has come back to
pre-crisis levels and there is
an increasing trend toward
using CCPs to mitigate risk.
Make optimal use of your securities with our
triparty collateral management services.
Manage your collateral
easily
This facility is built on the proven collateral
ESES triparty collateral management services
management systems and expertise
remove the whole operational burden
developed in Euroclear Bank.
involved in managing the collateral aspect
of your settlement transactions – whether
By linking these to the settlement process
these are executed directly with your
in the ESES platform, we are able to offer
counterparty or via a trading platform.
you an efficient triparty collateral solution
in three key business areas:
As your neutral triparty agent, we provide
you with an efficient automated solution
•
Eurosystem credit operations, where
which covers:
triparty services are used to collateralise
•
your central bank credit operations
•
Deal matching
Interbank OTC triparty transactions
•
Automatic screening and selection
of collateral
settling DVP on the ESES platform
(launching in February 2012)
•
•
a CCP in order to reduce risk (set for
launch in 2012)
Post-trade made easy
substitutions
Centrally cleared triparty services
– for market players dealing through
Settlement (DVP), margin calls and
•
Valuation through daily mark-to-market
•
Comprehensive reporting
Benefits to you
•
•
Use one single access point to
Reduce risk – triparty greatly reduces
•
Optimise your collateral through
manage collateral allocated to central
counterparty and market risk by
the re-use facility – you can re-use
bank credit operations and centrally
collateralising your exposures at all times
the collateral you receive as a collateral
cleared and bilateral OTC transactions.
according to tailored risk-related criteria.
taker in onward triparty transactions.
Your operational risk is mitigated by
•
Enhanced efficiency – AutoSelect, our
using automated rather than manual
powerful automated collateral allocation
processes.
•
Highly secure – your business is
managed in the safe legal environment
of the ESES CSDs, using the highly-
and monitoring tool, relieves the manual
•
Reduce cost – current manual
resilient collateral management systems
securities, enabling you to use all your
processes and multiple transactions are
of the Euroclear group.
available assets efficiently.
replaced by automation which reduces
burden of selecting and substituting
your back-office costs.
A unique solution to access 3 market segments
CCP-cleared GC baskets
Automatic
Trading
System
Bilateral OTC
A
ATS
Eurosystem credit operations
B
A
NCB
CCP
Securities
Settlement
System
CMS (AutoSelect)
CMS (AutoSelect)
A
CCP
B
A
CMS (AutoSelect)
B
A
NCB
T2
Contact us
To find out more about triparty collateral
management, contact your Account Manager or
use the following contact details:
Euroclear Belgium: +32 (0)2 337 5930
Euroclear France: +33 (0)1 5534 5544
Euroclear Nederland: +31 (0)20 552 1530
eses.accountmanagement@euroclear.com
©2012 – This document is sent on behalf of Euroclear Belgium I Euroclear France I Euroclear Nederland – Euroclear is the marketing name for the Euroclear System, Euroclear plc,
Euroclear SA/NV and their affiliates.
www.euroclear.com
MA0997
Collateral
Management
System