VPS, the Norwegian Central Securities Depository (CSD), has joined the Liquidity Alliance alongside other CSDs and financial market infrastructures that are using Clearstream’s global collateral management solution, known as the Global Liquidity Hub.
This association of industry peers aims to create a sustainable, cross-market industry approach to address current and upcoming regulatory and operational requirements in the collateral and liquidity management space.
VPS recently signed a letter of intent with Clearstream for the development of a new collateral management service for its market.
Since launching a tailored solution for Brazilian CSD Cetip for its market in July 2011, Clearstream has also custom-made and integrated its solution into the systems of other CSDs internationally, such as in Australia and Spain, as well as in South Africa through Strate. CSDs from Singapore and Canada also recently signed letters of intent with Clearstream.