Today, the Collateral Infrastructure and Market Practices Advisory Group (CIMPA), TMX Group and Clearstream announced the successful start of repo trading using the standardized Government of Canada General Collateral (GoC GC) basket on the Canadian Collateral Management Service (CCMS) platform. This milestone is an important step towards improving collateral mobility in the Canadian repo market with full automation of repo collateral and unlimited real-time substitution.
Standardized GoC GC basket will support more efficient liquidity management and encourage broader adoption of CCMS, Canada’s first tri-party service offered by TMX Group and Clearstream. Collectively, the CCMS tri-party platform and GC baskets will strengthen the resilience, efficiency, and overall functioning of Canada’s repo market.
This achievement is the first phase of a multi-stage rollout. Additional standardized general collateral baskets will be introduced in the coming months, including Provincial GC, Canada Mortgage Bonds GC, National Housing Association Mortgage-Backed Securities GC, Public Sector Entities GC and Corporate GC baskets.
Follow updates and notices from the CIMPA website {CIMPA} and TMX Group {TMX-CCMS} to stay informed about developments in Canada’s financing and collateral markets.
About CIMPA:
The Collateral Infrastructure and Market Practices Advisory Group (CIMPA) is an industry-wide working group created under CFIF to promote the well-functioning of the Canadian securities and financing markets through improved operational efficiency, reduced market segmentation and industry coordination on related issues and initiatives.
For further information, please contact:
Philippe Muller
Senior Director
Markets and Banking Department
Bank of Canada
613‑782‑8778
Danny Auger
Advisor
Markets and Banking Department
Bank of Canada
613‑782‑8195
Media Relations
Bank of Canada
