Principal lending (ASLplus)

ASLplus is a dynamic service that increases lenders’ portfolio yields, with Clearstream acting as contractual counterparty (borrower) under the loans with the Lender in accordance with the SLPA and a single borrower.

ASLplus complements the ASL fails lending service. It provides opportunities for ASL lenders to earn additional income on their portfolios by allowing them to negotiate securities lending rates, in addition to the existing ASL fixed rates. Lenders benefit from waived custody fees on lent positions.

The service offers access to the wholesale fixed income market that is driven by demands for strategic lending rather than for lending of last resort for failing trades.