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
