Clearstream Organizes First Global Securities Financing Conference in Asia

Clearstream, the international central securities depository within Deutsche Boerse Group, is holding its first Global Securities Financing (GSF) conference Asia, in Singapore on April 22.

The keynote speaker will be Ng Nam Sin, Assistant Managing Director, Development Group, the Monetary Authority of Singapore (MAS).
The conference is expected to attract fixed income and equities repo (repurchase agreement) dealers, collateral traders, securities lenders and borrowers, treasury managers and money market professionals from central banks, commercial banks and financial institutions.

For Stefan Lepp, Head of GSF services at Clearstream who will chair the meeting, “this first GSF conference Asia will allow participants to discuss the current market conditions and the future trends in the region. It will also serve to present the global liquidity and risk management solutions which Clearstream is bringing to the Asian markets and it illustrates Clearstream’s commitment towards the APAC region. After establishing a full branch in Singapore last November and extending settlement to 21 hours /24, Clearstream is now pleased to bring its GSF expertise and staff to Asia to support the development of a secured local and cross continental market"

The financial crisis and the subsequent freeze on money markets have shed light on securities financing mechanisms which provide much of the liquidity to the world’s capital market. They involve, among others, the temporary exchange of securities, usually for other securities or for cash of an equivalent value (the collateral) with an obligation to redeliver a like quantity of the same securities at a future date.
Clearstream offers a wide range of collateral management services together with a suite of securities lending products under the name of Global Securities Financing (GSF) services. In 2009, GSF services monthly average outstanding broke the €500 billion mark illustrating the growing importance of secured financing

Related links
Clearstream website (www.clearstream.com)