Securities Lending: ASLplus and ASL principal collateral eligibility update

Effective

16 July 2018 

as part of our continuous effort to provide market leading strategic lending services, Clearstream Banking¹ will modify the collateral eligibility criteria of the ASLplus and ASL principal programmes as detailed below: 

• Term to maturity for Corporate Securities, below or equal to 20 years;
• Only OECD countries plus Singapore and Hong Kong will be accepted as an issuer country where eligible in the Clearstream Banking system for Government, Sovereign, Agency and Corporate fixed income securities;
• Covered Bonds are accepted if the issuer is established in an EEA member state or in Switzerland; and
• EGGB haircuts will now follow that of the underlying issuer.

Further information

New versions of the ASL Product Guide and ASLplus Product Guide will be available on 16 July 2018 under Key Documents / ICSD / Global Securities Financing.

For further information about the products and services, customers may contact Clearstream Banking Client Services or their Relationship Officer.

For further information about any of the Global Securities Financing solutions, please contact the dedicated GSF team:

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.