The new repo tri-party Canadian Collateral Management Service: Benefits to the financial system and to the Bank of Canada

Philippe Muller and Maksym Padalko

No 2025-6, Staff Analytical Notes from Bank of Canada

Abstract: The Canadian Collateral Management Service (CCMS) is a new tri-party collateral management service offered by the TMX Group and Clearstream. CCMS will enhance Canada’s financial infrastructure for securities financing transactions, including for the repurchase, or repo, market that is a core funding market in Canada. We explain the importance of the repo market and describe the benefits of the CCMS for market participants and for the Bank of Canada.

Keywords: Financial institutions; Financial markets; Market structure and pricing (search for similar items in EconPapers)
JEL-codes: G1 G23 (search for similar items in EconPapers)
Date: 2025-02
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