Eurex Clearing launches DLT-enabled collateral mobilisation service
29 July 2025 Germany
Image: Mhee_Offset/stock.adobe.com
Eurex Clearing has launched a distributed ledger technology (DLT)-facilitated collateral mobilisation service.
The 鈥渓andmark first transaction鈥� saw J.P. Morgan mobilise securities collateral for its client, Dutch pension fund investor PGGM, from another custody location to Clearstream Banking for use as margin collateral at Eurex Clearing.
The solution, which uses HQLAX鈥檚 digital ledger, has the potential to 鈥渟ignificantly enhance鈥� collateral mobility, enabling clients to manage collateral needs, says Eurex Clearing.
It also aims to provide instant access to security collateral assets via custodians and central securities depositories (CSDs).
The collateral is then moved to Clearstream and deposited with Eurex Clearing as margin collateral, streamlining the entire process.
According to the firm, the service represents a key milestone in Eurex Clearing鈥檚 collateral management strategy and its broader ambitions in digital services.
Anja Kleefsman, head of treasury and liquidity management at PGGM, adds: 鈥淧GGM is delighted to be part of this first live DLT-based collateral mobilisation transaction initiated to meet our margin obligations at Eurex Clearing.
鈥淥ptimising our collateral management is a key priority and an element that plays an important role here is the ease of moving collateral.
鈥淚nstant access to and mobilisation of collateral assets provided by this DLT-based technology is a major step forward and we welcome this innovation.鈥�
The 鈥渓andmark first transaction鈥� saw J.P. Morgan mobilise securities collateral for its client, Dutch pension fund investor PGGM, from another custody location to Clearstream Banking for use as margin collateral at Eurex Clearing.
The solution, which uses HQLAX鈥檚 digital ledger, has the potential to 鈥渟ignificantly enhance鈥� collateral mobility, enabling clients to manage collateral needs, says Eurex Clearing.
It also aims to provide instant access to security collateral assets via custodians and central securities depositories (CSDs).
The collateral is then moved to Clearstream and deposited with Eurex Clearing as margin collateral, streamlining the entire process.
According to the firm, the service represents a key milestone in Eurex Clearing鈥檚 collateral management strategy and its broader ambitions in digital services.
Anja Kleefsman, head of treasury and liquidity management at PGGM, adds: 鈥淧GGM is delighted to be part of this first live DLT-based collateral mobilisation transaction initiated to meet our margin obligations at Eurex Clearing.
鈥淥ptimising our collateral management is a key priority and an element that plays an important role here is the ease of moving collateral.
鈥淚nstant access to and mobilisation of collateral assets provided by this DLT-based technology is a major step forward and we welcome this innovation.鈥�
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