Core Insights - Cboe Global Markets has made significant progress in developing its Securities Financing Transactions (SFT) clearing service, with BNY acting as the first Agent Lender, targeting UCITS clients [1][2] - The new title transfer model with a pledge-back feature allows UCITS and other beneficial owner lenders to access centrally cleared SFTs without posting margin or contributing to the CCP's default fund, enhancing market liquidity and efficiency [1][2] - The collaboration aims to drive market innovation, transparency, and resilience, while also optimizing collateral efficiency and empowering UCITS participants [2] Group 1 - Cboe Clear Europe has launched a centrally cleared triparty model for UCITS-compliant clearing, transforming the traditional bilateral process for SFTs in European equities and ETFs [2] - The introduction of central clearing to SFTs offers substantial capital optimization opportunities, including reductions in Risk-Weighted Assets (RWA) for certain clearing participants [2] - Cboe Clear Europe plans to expand its SFT clearing service to cover other lendable securities and new jurisdictions within the next year [2][3] Group 2 - The integration of BNY as a Tri-Party Collateral Agent enhances collateral efficiency and liquidity through Cboe's Global Collateral Platform [2] - The scalable technology platform of Cboe Clear Europe is designed to empower participants and strengthen the securities lending market infrastructure [3] - Cboe Global Markets provides trading, clearing, and investment solutions across various asset classes, including equities, derivatives, and FX in multiple regions [4]