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 […]
Tag Archives | collateral management
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 …
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 […]
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.
Partnerships and collaboration: a new future for CSDs
The financial landscape has evolved over the past five years with the heightened expectation that market infrastructures will further refine their risk management models and focus on asset safety. The lessons from the Global Financial Crisis have taught the industry that the need to restore stability …
Upcoming industry events
“Leave nothing to chance” with these upcoming events that will be sponsored or supported by Strate …
Strate Collateral Management Road Show – Cape Town
The Strate Collateral Management Road Show will focus on the impact of these changes relative to the anticipated ‘collateral crunch’ and more importantly future developments such as collateral optimisation, the Liquidity Alliance and the impact to the South African Market…
Update on Strate’s Collateral Management project
The Strate Collateral Management project is set to be implemented in November 2013. This is a centralised, market-wide integrated collateral management service offered to financial institutions without the necessary management systems that will be complimentary to existing functions within financial institutions, which is aimed at improving the tracking and efficient use of collateral management in South Africa…
Collateral squeeze – who can afford it?
When Lehman Brothers faced collapse, pressing margin calls and the lack of liquidity exposed the interdependencies and weaknesses of the financial markets and sparked the Global Financial Crisis (GFC) …
Principles to further reduce counterparty risk in Close-Out Netting agreements under way
From 1 to 5 October, the International Institute for the Unification of Private Law (Unidroit) met to consider draft Principles on Close-Out Netting, a tool that South African institutions use to reduce exposures to the insolvency of a counterparty …
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Companies’ share register information is not restricted by new laws
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Application to Become a Local Operating Unit for Legal Entity Identifiers Underway
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