Euroclear has launched a U.S. Treasury DVP repo service. The new solution is designed for U.S. Treasury repo market participants operating in the U.S. settling USD transactions. The first trade was completed between Euroclear Bank and Toronto Dominion Bank London. The service offers cash lenders similar operational efficiency for DVP repo transactions as triparty repo transactions. It optimises DVP repo settlement via FedWire Securities Services.
Euroclear has partnered with Matrix Applications, using its TradeBlazer technology to support the full suite of collateral management compliance and repo trade lifecycle events within the new solution. These include securities settlements, margining, securities substitutions and coupon payment management. Euroclear has also deployed BBH Infomediary Data Solutions from Brown Brothers Harriman for data integration and custodian communications, via SWIFT.