Automated Securities Lending (ASL)

ASL is a dedicated settlement management service that provides automated lending of domestic and international securities settled at Clearstream’s CSD in Germany. This reduces failures at the end of every settlement day and enhances overall settlement efficiency.

Clearstream acts as the agent between lender and borrower and performs all administrative and settlement functions. These include automatic determination of the individual borrowing need, margining and collateralisation, as well as comprehensive and transparent reporting.