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LME Clear Launches Triparty Member Margin Collateral Service with Euroclear
LME Clear Launches Triparty Member Margin Collateral Service with Euroclear
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BTCCSquare news:
LME Clear has introduced a triparty member margin collateral service to streamline collateral management for its members. Euroclear, a financial market infrastructure holding over €41 trillion in assets, will administer the service.
The new arrangement eliminates the need for members to transfer individual securities directly to LME Clear's collateral account. Instead, Euroclear will handle bulk transfers through a single instruction, reducing operational complexity and costs.
This triparty model expands eligible collateral assets beyond current bilateral limits. Euroclear assumes responsibility for validating securities against LME Clear's requirements, optimizing collateral efficiency for market participants.
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