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Clearstream has announced it is collaborating with post-trade tech vendor Pirum Systems on a triparty solution that aims to increase collateral efficiency for buyside clients in the securities finance space.
The new tool will provide the mutual clients of Clearstream and Pirum with real-time exposure visibility and an automated triparty required value (RQV) solution for their securities finance activity, the Deutsche Boerse post-trade arm said in a statement on Wednesday.
“The collaboration with Pirum will enable our clients to further increase their collateral efficiency and accuracy through real-time STP connectivity,” said Rajen Sheth, CEO of Pirum.
Clients are able to view their Clearstream collateral constituents and values...