Eurex Clearing and PGGM work together on SL CCP model
September 12, 2017

Eurex Clearing, Europe's leading clearing house and part of Deutsche Börse Group, has announced that PGGM, the co-operative Dutch pension fund service provider offering institutional clients asset management, pension fund management, policy advice and management support, is the first buy-side client to become a direct participant of Eurex Clearing's Securities Lending central counterparty (CCP).

Deutsche Börse Group says the development and implementation of a centrally cleared securities lending solution is part of its strategy to incorporate new and innovative offerings that assist members to increase capital and operational efficiencies by maintaining and supporting the bilateral, relationship-driven characteristics of the securities lending market.

Roelof van der Struik, Investment Manager Treasury Trading & Commodities at PGGM, said: "At PGGM, we believe by connecting to Eurex Clearing, using the full capabilities of EquiLend, the CCP model enables new stock lending structures and business opportunities for beneficial owners as well as helping to manage the rising burden of balance sheet regulation and costs for the securities lending market."

Brian Lamb, CEO of EquiLend, said: "The focus on CCP solutions continues to increase, driven by the need for cost and operational efficiencies. We anticipate greater utilization of our link to Eurex as the securities finance industry looks to realise the benefits of a CCP model."

Eurex Clearing's Lending CCP covers loans in equities and exchange-traded funds in Europe as well as fixed income securities.





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Eurex Clearing, Europe's leading clearing house and part of Deutsche Börse Group, has announced that PGGM, the co-operative Dutch pension fund service provider offering institutional clients asset management, pension fund management, policy advice and management support, is the first buy-side client to become a direct participant of Eurex Clearing's Securities Lending central counterparty (CCP).

Deutsche Börse Group says the development and implementation of a centrally cleared securities lending solution is part of its strategy to incorporate new and innovative offerings that assist members to increase capital and operational efficiencies by maintaining and supporting the bilateral, relationship-driven characteristics of the securities lending market.

Roelof van der Struik, Investment Manager Treasury Trading & Commodities at PGGM, said: "At PGGM, we believe by connecting to Eurex Clearing, using the full capabilities of EquiLend, the CCP model enables new stock lending structures and business opportunities for beneficial owners as well as helping to manage the rising burden of balance sheet regulation and costs for the securities lending market."

Brian Lamb, CEO of EquiLend, said: "The focus on CCP solutions continues to increase, driven by the need for cost and operational efficiencies. We anticipate greater utilization of our link to Eurex as the securities finance industry looks to realise the benefits of a CCP model."

Eurex Clearing's Lending CCP covers loans in equities and exchange-traded funds in Europe as well as fixed income securities.



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