[12 November, London] TreasurySpring, the global cash investment platform, today announced a collaboration with Eurex, an operator of a Repo Trading Venue and a Central Counterparty (CCP), and Clearstream, a leading provider of post-trade services, both fully owned by Deutsche Börse Group.
The collaboration significantly reduces operational and time barriers, enabling direct access to centrally cleared repo markets via GC Pooling, Eurex’s and Clearstream’s joint developed standardised secured funding offering, through TreasurySpring’s investment platform.
Repo funding has to date largely been the preserve of wholesale banks and major financial institutions, using collateral to reduce credit risk.
Building on the collaboration, TreasurySpring has introduced next-day Fixed-Term Funds (FTFs) via its new One+ product – euro-denominated instruments backed by centrally cleared overnight repo with one-day maturity. These funds combine next-day liquidity with the transparency and risk management advantages of central clearing and collateralisation using European Central Bank-eligible High-Quality Liquid Assets. The offering is anchored by the €200 billion-plus* daily volume of the GC Pooling market and participation from over 160 sell-side and buy-side institutions.
GC Pooling provides access to standardised secured funding by integrating electronic trading by Eurex Repo, central clearing by Eurex Clearing as well as tri-party collateral management and settlement by Clearstream. Since its introduction in 2005, GC Pooling has become established as the European benchmark for efficient cash and collateral management.
This initiative contributes to greater resilience and diversity in European funding markets by enabling the mobilisation of unlevered and uncorrelated pools of cash for corporate treasurers, financial institutions, and private funds. The collaboration combines the benefit of Eurex’s Select Invest framework, purposefully designed to extend cleared-repo access to cash investors and TreasurySpring’s FTF suite, enabling investment in repo without the need to build any financial infrastructure.
Kevin Cook, CEO and Co-founder, TreasurySpring said: “This partnership means we can now deliver proprietary access for our investors to one of Europe’s deepest and safest wholesale cash investment markets. For our counterparties, it unlocks a new universe of diversified funding sources, within a capital efficient ecosystem. While for money markets as a whole, it marks a meaningful step towards a more diverse, more collateral-based and less maturity-transformed funding landscape.
“We are continuing to see strong appetite for this capability from both sides of the market, and its launch represents another first for TreasurySpring as we advance our mission to build the world’s leading capital markets treasury investment platform.”
Michael Jahn, Product Lead Repo D2C at Eurex commented : “Our Select Invest framework was designed to give a wider range of investors access to the safety and efficiency of cleared repo. Partnering with TreasurySpring helps realise that vision by connecting a new pool of unlevered institutional cash to the cleared market.
Marton Szigeti, Head of Collateral, Lending & Liquidity Solutions at Clearstream, commented: “At Clearstream, our highly efficient and effective tri-party collateral management services help our clients to make the most of their assets. We are thrilled to welcome Treasury Spring to GC Pooling Select Invest, improving access to this deeply liquid market for institutional cash investors.”
ENDS
All quotes reflect the views of the individual, and are not to be seen as advice. TreasurySpring’s platform and products are intended only for sophisticated, high net worth, or professional investors.
*Term adjusted daily volume.
About TreasurySpring
Founded in 2016, TreasurySpring is a ground-breaking platform revolutionising institutional cash investment. TreasurySpring makes it easy for institutions ranging from large public companies and leading fund managers to SMEs and scale-ups to access a simple and secure platform for their excess cash. TreasurySpring has built the underlying infrastructure to enable 740+ institutions to choose from a universe of cash investment products, from repo to government and corporate offerings across eight different currencies, all through a single digital onboarding.
About Eurex
Eurex stands for the leading European derivatives exchange and – with Eurex Clearing – one of the leading central counterparties globally. Being architects of trusted markets characterized by market liquidity, efficiency, and integrity, we provide our customers with innovative solutions to seamlessly manage risk.
For more information, please visit https://www.eurex.com/ex-en/.
About Clearstream
Clearstream is the innovative and trusted post-trade business for the global markets. It runs the leading securities and funds servicing ecosystems of tomorrow.
The company operates the German and Luxembourg central securities depositories and an international central securities depository for the Eurobonds market. With 20 trillion Euros in assets under custody, it is one of the world’s largest settlement and custody firms for domestic and international securities.
It also delivers premier fund dealing, distribution, digital and data services, covering over 55 fund markets worldwide.
Clearstream is part of Deutsche Börse Group, an international exchange organization and provider of innovative market infrastructures.
To learn more, visit us at www.clearstream.com or connect via LinkedIn.
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Headland Consultancy
Izzy Garnon / Joe Hill treasuryspring@headlandconsultancy.com