Euroclear’s Collateral Highway marshalled an average daily figure of €1.06trn of collateralised transactions over the course of 2015.

The figure recorded by the post-trade services group represents a 20% uptick year-on-year and the strongest growth yet for the platform.

Set-up in 2012, the Collateral Highway sources and mobilises collateral across borders and time zones, tackling the problem of fragmented pools locked away in different entities and locations.

Stricter regulation and monetary policies creating demands for greater liquidity have driven the adoption of the platform, which counts BNP Paribas and Standard Chartered as members.

Euroclear, now recognised as the world’s largest securities settlement system, also said it settled a record €674.7trn of transactions during 2015, a 6% rise year-on-year.

The Belgium-based central securities depository (CSD) now holds €27.5trn of assets under custody.

Tim Howell, chief executive, said Euroclear had delivered “another robust operating performance in 2015”, benefitting from continued investments in both traditional products and new services such as the Collateral Highway.

Last October the group pushed back the date of moving its Belgian, French and Dutch CSDs to the TARGET2-Securities (T2S) platform.

Today, Howell said the company remains committed to T2S and has implemented a range of measures taken to secure the delivery of the project.

Meanwhile, later this year, Euroclear is set to launch Collateral Margin Utility, its joint venture with the Depository Trust & Clearing Corporation (DTCC).