Clearstream’s global liquidity hub has its first Middle Eastern central counterparty (CCP) link. The Dubai Commodities Clearing Corporation (DCCC), which is the CCP of the Dubai Gold & Commodities Exchange, has agreed to cooperate on collateral management for CCP margining.
By the end of the first quarter of 2014, Dubai’s exchange customers will be able to use the collateral pools of Clearstream and its partners to meet margin requirements at DCCC through the hub.
The hub aims to enable market participants to manage a growing number of worldwide exposures on a fully automated basis out of a single, global collateral pool, which consolidates assets held at Clearstream and with its partners.
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