In order to connect and broaden the pool of available collateral across the U.S. and Europe, DTCC-Euroclear Global Collateral Ltd. (GlobalCollateral) has launched its Inventory Management Service (IMS).
The solution will create greater flexibility in the front office financing process by creating interoperability across geographies and asset classes. It will also virtually centralize inventories and reduce systemic risk by helping spread tri-party businesses across multiple venues.
The IMS links Depository Trust Company (DTC) and Euroclear assets to Euroclear’s Collateral Highway, allowing it to be used for triparty financing and pledge business. IMS provides automated transfer, recall and substitution of assets.
The IMS launch was recently highlighted in Finadium. To read the full article, click here.