Back in 2014, VPS and Clearstream signed a Letter of Intent, aiming at developing new collateral management services for Norway. The Letter of Intent gave us the opportunity to participate as an Associated Member in the Liquidity Alliance which was established in 2013. The Liquidity Alliance is an association of market infrastructures that is using Clearstream’s Global Liquidity Hub, and whose aim is to create a sustainable, cross-border industry approach to address current and future regulatory and operational requirements related to liquidity management and collateral management.
When launching the blockchain initiative on 18 January 2017, VPS and the 3 other CSDs issued a press release to the market containing details on the project.
Press Release from Liquidity Alliance 18 January 2017 (pdf, 171 KB)