Euroclear & Transcend team up for joint collateral service

Brussels, 13 November 2024 – Euroclear enters a partnership with Transcend with the aim to introduce a new joint collateral optimisation service. The service will bring together Euroclear’s industry-leading collateral management infrastructure and data with Transcend’s best-in-class optimisation platform to address clients’ collateral optimisation needs.

The collaboration is announced just before the 2024 Collateral Conference, Euroclear's premier event for the collateral management community. The new service is expected to launch in Q1 of 2025.

Transcend is a leading technology company providing solutions including inventory management, collateral eligibility and optimisation. These innovative solutions help global market participants achieve better financial and operational performance by automating complex liquidity, funding and inventory decision making. Transcend's optimisation platform leverages data from dealers, triparty agents, securities depositories and other sources to allow for holistic optimisation across collateral venues and straight through processing of allocations and movements. 

Available through existing Euroclear connectivity, the new service will easily integrate critical data for smart decision making and settle optimised collateral allocations. By leveraging Transcend’s technology, clients will be able to configure optimisation scenarios, include external collateral pools to determine the best collateral use at Euroclear and perform 'what-if' analyses on specific constraints.

Olivier Grimonpont, Head of Product Management, Market Liquidity at Euroclear, commented: “New regulatory requirements have made collateral optimisation a priority for dealers. This new service brings to the market the combined expertise of Euroclear and Transcend. Euroclear’s long-standing collateral management experience and robust infrastructure combined with Transcend’s best-in-class optimisation and booking technology offers an unparalleled solution to meet our clients’ needs for collateral optimisation.”

“We are excited to partner with Euroclear in offering our industry leading optimisation platform to the Euroclear's leading collateral management platform to seamlessly optimise their collateral, liquidity and funding decisions. Transcend’s technology is already used by the world’s largest financial institutions and this joint service enables a quick way for Euroclear customers to seamlessly take advantage of our sophisticated platform and capabilities,” Bimal Kadikar, Transcend’s founder and CEO.

Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International.

Transcend is a financial technology company with a mission to improve efficiencies in the capital markets through advanced technology. Our unparalleled and innovative modular technology helps clients achieve next-level performance through collateral, funding, liquidity & capital optimisation solutions. With seamless connectivity to the world’s leading triparty agents, central counterparties (CCPs), custodians and nostros, Transcend is the partner of choice for inventory analytics, optimisation and automation within a business line or across an enterprise. Transcend has a growing roster of top-tier financial institutions including GSIB banks, broker-dealers, custodians, asset managers and insurance companies.
Collateral Management for Optimal Performance (transcendstreet.com)