Singapore Exchange Ltd is looking to reduce its
dependency on trading volumes by partnering with Clearstream to
begin a new collateral management service in 12 to 18 months.
Following a letter of intent signing in September 2013, SGX
and securities depository Clearstream are now working to create
a new business unit in Singapore to help institutions and
members better allocate resources between the clearing house and
their balance sheet, SGX head of post-trade services Nico
Torchetti said at a press briefing on Tuesday.
NOTE: Reuters has not verified this story and does not vouch
for its accuracy.
(Reporting by Singapore Newsroom; Editing by Subhranshu Sahu)