Clearstream CmaX (Triparty Collateral)
CmaX is Clearstream's triparty collateral management platform, automating collateral allocation, optimisation, margining and substitution across repo, securities lending and OTC derivative exposures. Clients instruct it over SWIFT colr.* messages and Xact File Transfer feeds, and it also has a live REST surface on the Clearstream API Platform: an unauthenticated GET to https://api-t2s-test.clearstream.com/cmax/v1 returned HTTP 403 on 2026-09-05 naming the required OAuth scopes `allow` and `cmax-api`. The operations behind that prefix are documented only in the registration-gated Deutsche Borse Digital Business Platform catalogue.