Clearstream and Pirum: Offer new collateral interoperability

Clearstream and Pirum: Offer new collateral interoperability

• Clearstream and the securities finance automation provider Pirum extended their services to offer new collateral connectivity
• Pirum offers a secure, centralised automation and connectivity hub for global securities finance
• This allows mutual clients to automate the calculation, matching, submission
• The extended connectivity assists clients with agreeing collateral on a real-time basis, reducing collateralisation timeframes
• Pirum’s aim is to support the industry’s need to extend interoperability and automation across the wider collateral ecosystem
• Pirum’s CollateralConnect and ExposureConnect services automate in excess of $1.5 trillion of tri-party collateral