Banque de France outsources collateral management
It was announced on Wednesday that the Banque de France has entered into an agreement with Euroclear France, the French central securities depository (CSD), to effectively outsource its collateral management.
This is the first triparty collateral management service for the French market and will collateralise exposures arising from domestic credit operations conducted by the French central bank.
The system means that when the central bank grants credit to the local market the collateral that it
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