First Buy-Side Client Goes Live With Eurex Lending CCP

From Eurex:

PGGM and Morgan Stanley are in the final stages of admission and testing with a view to start transactions using Eurex Clearing’s Securities Lending CCP.

We are proud to announce that the cooperative Dutch pension fund service provider PGGM is in the process of finalizing its admission as a direct participant of Eurex Clearing’s Securities Lending central counterparty (CCP).

PGGM, which offers asset management, pension fund management, policy advice and management support to institutional clients, is to start transactions with Morgan Stanley. Currently, the parties are in the closing stages of simulation testing with a view to becoming the first to use EquiLend Clearing Services’ (ECS) full connectivity offering to access our Lending CCP. The service will enable them to transmit trades agreed via EquiLend to the Lending CCP.