Clearstream and TMX to launch CCMS

TMX Group Limited, owner of the Toronto Stock Exchange, and Clearstream Banking, the ICSD owned by Deutsche Börse Group, plan to launch an automated collateral management service in Canada, which will include the introduction of Canada’s first domestic triparty repo capability. Targeted for launch in the third quarter of 2023, the initial phase of the CCMS will be offered to market participants in Canada’s secured funding market.

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