ASX Collateral

ASX Collateral 

Optimise your cash and collateral to improve liquidity, drive efficiency and reduce risk. 

Complementing our clearing and settlement services is ASX Collateral – a flexible, scalable tri-party solution for efficiently collateralising exposures across a range of Australian dollar products, including: 

1 repurchase agreements – intra-day, overnight and term,  

2 securities lending and borrowing 

3 over-the-counter derivative bilateral exposures, and 

4 Central Counterparty (CCP) margining. 

ASX Collateral is the only tri-party collateral manager to be appointed by the Reserve Bank of Australia, who use ASX Collateral to conduct tri-party repo transactions with its members in its Open Market Operations (OMO). 

Key transaction types 

TRI PARTY REPO SERVICE (TRS) 

Provides a Delivery versus Payment (DvP) mechanism for the principal settlement collateralisation and lifecycle maintenance of repo transactions, including margining and corporate actions. 

TRI-PARTY COLLATERAL MANAGEMENT SERVICE (TCMS) 

Provides a Free of Payment (FoP) mechanism for the collateralisation and maintenance of various exposure types, including exposures relating to securities lending and borrowing, CSA margining and CCP margining with ASX Clear (Futures). 

TRI-PARTY SECURITIES AND LENDING SERVICE (TSLS) 

Provides a Delivery versus Delivery (DvD) mechanism for the principal settlement, collateralisation and maintenance of securities versus securities transactions, including exposures relating to securities lending and borrowing.  

Benefits of ASX Collateral 

With a state of the art technology solution, ASX Collateral offers a range of benefits to both collateral givers and takers, reducing counter party risk and applying the highest regulatory standards. ASX Collateral leverages Clearstream Banking SA technology to facilitate the automatic allocation and optimisation of collateral across an array of bilateral agreements and counterparts.