GERMANY: Eurex Clearing Paves the Way for Digital Collateral Mobilization

Friday January 24 2025

On 23^rd January 2025, Eurex Clearing planned the launch of collateral mobilization supported by Distributed Ledger Technology (DLT) in Q2 2025. This will set an example for enabling digital mobilization of collateral with the benefits of a secure CCP framework. The flexibility, speed and efficiency of collateral transfers will be enhanced by mobilizing collateral with the support of the HQLA^X digital ledger. This will improve the immediate availability to meet the margin requirements set by CCPs. By achieving this, the process of fulfilling CCP margin requirements becomes even more efficient.

Eurex Clearing has received regulatory non-objection from its regulator the Federal Financial Supervisory Authority (BaFin). The proposed DLT-supported functionality will enable Eurex’s clients to mobilize margin collateral via custodians and central securities depositories (CSDs) on the HQLA^X digital ledger. Such collateral is being posted to Eurex Clearing as margin collateral at Clearstream Banking S.A.

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