The French central securities depository Euroclear France is rolling out its first triparty collateral management service for the French market, Finextra reports. Using help from Banque de France, the new service will collateralize exposures arising from domestic credit operations conducted by the country’s central bank.
With the new service, all the collateral management tasks associated with the credit operations will occur in a fully automated manner. The initiative will also provide an additional tool to financial community to get access to liquidity within an operational framework.
Click here for the story from Finextra.
Click here for additional coverage from Mondo Visione.
French Mondo Visione Banque de France Euroclear France French central securities depository