TMX Group and Clearstream Announce Bank of Canada to Utilize the Canadian Collateral Management Service
TMX Group (TMXXF) and Clearstream Banking S.A. announced that the Bank of Canada will utilize their Canadian Collateral Management Service (CCMS). The CCMS, launched in 2024, provides exclusive domestic tri-party repo capabilities to enhance repo market liquidity and streamline collateral management activities.
The service optimizes securities finance activities across the Canadian market by improving collateral mobility for repo, securities lending, and derivatives activities. The Bank of Canada's participation represents a significant milestone in strengthening Canada's financial markets ecosystem and aligning with global standards.
According to Toni Gravelle, Deputy Governor of Bank of Canada, the CCMS will enable faster and more flexible market operations once their IT systems are updated for the new platform.
TMX Group (TMXXF) e Clearstream Banking S.A. hanno annunciato che la Banca del Canada utilizzerà il loro Servizio di Gestione Collaterale Canadese (CCMS). Il CCMS, lanciato nel 2024, offre capacità esclusive di repo tri-party domestico per migliorare la liquidità del mercato repo e semplificare le attività di gestione collaterale.
Il servizio ottimizza le attività di finanziamento dei titoli nel mercato canadese migliorando la mobilità del collaterale per le operazioni di repo, prestito titoli e attività derivate. La partecipazione della Banca del Canada rappresenta un traguardo significativo nel rafforzare l'ecosistema dei mercati finanziari canadesi e nell'allinearsi agli standard globali.
Secondo Toni Gravelle, Vice Governatore della Banca del Canada, il CCMS consentirà operazioni di mercato più rapide e flessibili una volta che i loro sistemi informatici saranno aggiornati per la nuova piattaforma.
TMX Group (TMXXF) y Clearstream Banking S.A. anunciaron que el Banco de Canadá utilizará su Servicio de Gestión de Colateral Canadiense (CCMS). El CCMS, lanzado en 2024, proporciona capacidades exclusivas de repo tri-party doméstico para mejorar la liquidez del mercado repo y simplificar las actividades de gestión de colateral.
El servicio optimiza las actividades de financiamiento de valores en el mercado canadiense al mejorar la movilidad del colateral para operaciones de repo, préstamo de valores y actividades de derivados. La participación del Banco de Canadá representa un hito significativo en el fortalecimiento del ecosistema de los mercados financieros canadienses y en la alineación con los estándares globales.
Según Toni Gravelle, Vicegobernador del Banco de Canadá, el CCMS permitirá operaciones de mercado más rápidas y flexibles una vez que sus sistemas de TI se actualicen para la nueva plataforma.
TMX 그룹 (TMXXF)와 클리어스트림 뱅킹 S.A.는 캐나다 은행이 그들의 캐나다 담보 관리 서비스 (CCMS)를 활용할 것이라고 발표했습니다. CCMS는 2024년에 시작되었으며, 리포 시장의 유동성을 향상하고 담보 관리 활동을 간소화하기 위해 독점적인 국내 트리파티 리포 기능을 제공합니다.
이 서비스는 캐나다 시장에서 증권 금융 활동을 최적화하여 리포, 증권 대출 및 파생상품 활동을 위한 담보의 이동성을 개선합니다. 캐나다 은행의 참여는 캐나다 금융 시장 생태계를 강화하고 글로벌 기준에 부합하는 데 중요한 이정표가 됩니다.
토니 그라벨 캐나다 은행 부총재에 따르면, CCMS는 IT 시스템이 새로운 플랫폼으로 업데이트되면 더 빠르고 유연한 시장 운영을 가능하게 할 것입니다.
TMX Group (TMXXF) et Clearstream Banking S.A. ont annoncé que la Banque du Canada utilisera leur Service de Gestion de Collatéral Canadien (CCMS). Le CCMS, lancé en 2024, offre des capacités exclusives de repo tri-party domestique pour améliorer la liquidité du marché repo et simplifier les activités de gestion de collatéral.
Le service optimise les activités de financement de titres sur le marché canadien en améliorant la mobilité du collatéral pour les opérations de repo, de prêt de titres et d'activités dérivées. La participation de la Banque du Canada représente une étape importante dans le renforcement de l'écosystème des marchés financiers canadiens et dans l'alignement avec les normes mondiales.
Selon Toni Gravelle, vice-gouverneur de la Banque du Canada, le CCMS permettra des opérations de marché plus rapides et plus flexibles une fois que leurs systèmes informatiques seront mis à jour pour la nouvelle plateforme.
TMX Group (TMXXF) und Clearstream Banking S.A. haben angekündigt, dass die Bank von Kanada ihren Kanadischen Collateral Management Service (CCMS) nutzen wird. Der CCMS, der 2024 eingeführt wird, bietet exklusive inländische Tri-Party-Repo-Funktionen zur Verbesserung der Liquidität des Repo-Marktes und zur Optimierung der Aktivitäten im Collateral Management.
Der Service optimiert die Wertpapierfinanzierungsaktivitäten auf dem kanadischen Markt, indem er die Mobilität des Collaterals für Repo-, Wertpapierleihe- und Derivateaktivitäten verbessert. Die Teilnahme der Bank von Kanada stellt einen bedeutenden Meilenstein zur Stärkung des kanadischen Finanzmarktes und zur Angleichung an globale Standards dar.
Laut Toni Gravelle, stellvertretender Gouverneur der Bank von Kanada, wird der CCMS schnellere und flexiblere Marktoperationen ermöglichen, sobald ihre IT-Systeme auf die neue Plattform aktualisiert sind.
- Strategic partnership with Bank of Canada strengthens market position
- Exclusive provider of domestic tri-party repo capabilities
- Platform enhances market liquidity and efficiency
- Alignment with global financial market standards
- Implementation pending Bank of Canada IT systems update
- Integration timeline not specified
Toronto, Ontario and Luxembourg, Luxembourg--(Newsfile Corp. - February 25, 2025) - TMX Group Limited (TMX Group) and Clearstream Banking S.A. (Clearstream), the international central securities depository of Deutsche Börse Group, are pleased with the Bank of Canada's decision to utilize the Canadian Collateral Management Service (CCMS).
Developed by TMX Group and Clearstream, the CCMS facilitates the optimization and collateralization of securities finance activities throughout the Canadian market. The CCMS provides exclusive domestic tri-party repo capabilities to increase repo market liquidity.
The CCMS streamlines and simplifies end-to-end domestic collateral management activities, thereby unlocking trapped collateral and improving collateral mobility for repo, securities lending and margin for derivatives activities.
The participation of the central bank in domestic tri-party operations is both a globally accepted standard and a key facilitator for the broader market. The Bank of Canada joining the CCMS is a significant step towards further strengthening Canada's financial markets ecosystem and aligning to global standards.
Toni Gravelle, Deputy Governor, Bank of Canada, said: "The Bank of Canada is pleased to join the CCMS. Once we've updated our IT systems to onboard the new platform, the CCMS will enable us to execute our market operations with greater speed and flexibility."
Marton Szigeti, Head of Collateral, Lending & Liquidity Solutions at Clearstream, commented: "Since its launch in 2024, the CCMS has developed to be the go-to service for tri-party collateral management in Canada. The Bank of Canada deciding to join the service underlines its strategic significance for the stability, efficiency and innovative power of the country's capital markets."
Steve Everett, Head of Post Trade Innovation, TMX Group, said: "We are delighted that the Bank of Canada is joining the CCMS. This milestone modernizes, strengthens and standardizes the entire secured funding ecosystem improving market resilience, risk management and collateral mobility at scale."
For more information please read the new Bank of Canada Staff Analytical Note that describes the benefits of the CCMS for market participants and for the Bank of Canada.
About TMX Group (TSX: X)
TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.
About Clearstream
Clearstream is the innovative and trusted post-trade business for the global markets. It runs the leading securities and funds servicing ecosystems of tomorrow.
The company operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. With 17 trillion Euros in assets under custody, it is one of the world's largest settlement and custody firms for domestic and international securities.
It also delivers premier fund execution, distribution, data and reporting services, covering over 50 fund markets worldwide.
Clearstream is part of Deutsche Börse Group, an international exchange organisation and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
Media contacts:
TMX Group
Catherine Kee
416-671-1704
catherine.kee@tmx.com
Clearstream
Tabea Behr
Phone: +49 (0)69 2 11-13 016
tabea.behr@clearstream.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242345
FAQ
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