TMX Group and Clearstream launch the Canadian Collateral Management Service (CCMS) for tri-party repo capability in Canada.
TMX Group and Clearstream launch Canadian Collateral Management Service (CCMS), offering tri-party repo capability within Canada. The first live transactions involved BMO, CIBC, RBC, Scotiabank, and TD. The CCMS optimizes and collateralizes securities finance activities and provides support for changes like the shift to T+1. This marks the first domestic tri-party repo capability, empowering clients with reliable and scalable solutions.
April 30, 2024
3 Articles