Clearstream has successfully completed its first tri-party repo transaction in Taiwan. The landmark deal saw Shanghai Commercial & Savings Bank Ltd (SCSB) partner with ANZ Banking Group Ltd (ANZ), with Clearstream acting as the tri-party agent.

The repo and reverse repo market is critical for liquidity management in Taiwan, and tri-party repos are rapidly gaining popularity globally. These instruments, favored by buy-side clients such as corporates, hedge funds, and asset managers, offer an attractive risk/return profile that combines safety with the potential for additional yield enhancement.

Clearstream Completes Landmark Tri-Party Repo Transaction in Taiwan

Clearstream’s tri-party repo service has been instrumental in connecting global market participants for over 30 years, offering clients access to deep and diversified liquidity pools. By acting as a neutral intermediary, Clearstream streamlines settlement and administrative processes while providing value-added services from trade initiation to settlement.

Also, Philip Brown, CEO at Clearstream Banking S.A., emphasized the significance of the transaction: “As a leading provider of global post-trade services, Clearstream is committed to connecting markets and facilitating innovation in the financial industry. This transaction in Taiwan showcases our commitment to supporting our clients’ evolving needs and expanding access to efficient, secure liquidity management tools.”

Clement Lee, Treasurer of SCSB, highlighted the importance of the collaboration: “Partnering with Clearstream on this pioneering tri-party repo transaction represents a significant advancement for SCSB. Leveraging Clearstream’s robust platform and extensive network gives us a competitive edge in managing our liquidity and optimizing investment strategies. This transaction opens new opportunities for SCSB in the Taiwanese market and strengthens our commitment to delivering innovative financial solutions.”

So, this historic transaction underscores Clearstream’s ongoing role in transforming the global repo market and enhancing liquidity management tools for its clients worldwide.

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