Tag Archives | Clearstream

South Africa’s Financial Institutions Explore Collateral Optimisation

Strate, Africa’s leading Central Securities Depository (CSD), and Clearstream, the International CSD (ICSD) and national CSD that is part of the Deutsche Börse Group, have announced the launch of a centralised collateral management service for the South African financial market. Some of South Africa’s largest financial institutions*, including banks, a number of fund managers and the JSE, have committed to exploring the […]

Read full story Comments { 0 }

Latest news from Strate: October 2013

In the 2013 BEE Audit, Strate has been categorised as a Level 3 Contributor, with an overall score of 77.26. The score was based on Strate’s 2012 Audited Financial Statements …

Read full story Comments { 0 }

Collateral Management Conference 2013

Strate’s Collateral Management Project is on track to be implemented with Clearstream on 16-18 November 2013. The Clearstream technology, through sophisticated algorithms, automatically manages bilateral eligibility criteria for collateral, allocates the cheapest securities to deliver against open exposures and thus provides regular intra-day collateral optimisation, where possible. In addition, collateral top-ups and returns, cash margin […]

Read full story Comments { 0 }

Update on Strate’s Collateral Management Project

Strate’s Collateral Management Project is on track to be implemented in November 2013. The project aims to meet the growing need for the greater use of collateral for financial transactions in South Africa, allowing banks to free cash on the balance sheet in order to meet Basel III requirements and improve the tracking and efficient use of collateral.

Read full story Comments { 0 }

REGIS-TR to assist in the development of a South African Trade Repository for over-the-counter derivatives

Strate has entered into an agreement with REGIS-TR to licence their software to Strate in the development of a local Trade Repository in accordance with South African regulatory requirements…

Read full story Comments { 0 }

Cash-based collateral dethroned

In a world scared by the events of 2008, considerable questions have been put forward regarding the mitigation of counter-party credit risk, the protection and use of collateral, and greater demands on transparency within the financial services arena…

Read full story Comments { 0 }