Deutsche Börse hails superior securities lending

Deutsche Börse Group says it has enhanced its securities lending services by linking a new agency lending service by Clearstream with Eurex Repo and Eurex Clearing.

The new offering combines several elements of its value chain, it adds, and is already available with first users reaching readiness.

The transaction between lender and borrower is managed by Clearstream as the agent lender and tri-party collateral agent via the Global Liquidity Hub. Eurex Repo’s SecLend market is the trading venue, while Eurex Clearing will provide instant clearing as the central counterparty to both lender and borrower.