Repo

Basel III presents new challenges to collateral trading activities and collateral management operations. In part II of a series, GCMS’ Saheed Awan explores the impact Basel III and central clearing of OTC derivatives will have on collateral trading activities and he calls for the restricted view of collateral management to be expanded to support efforts to achieve greater efficiency through improved and centralised processing. 

Regulators and bank supervisors have become investment advisors!

The Wholesale Markets Brokers’ Association (“WMBA”) today announces the launch of market making across a derivative curve settling on the Repurchase Overnight Index Average (“RONIA”), an initiative recognised by the Money Market Liaison Group. RONIA is an overnight, sterling-secured money market benchmark which was launched by WMBA in mid-2011. 

FCMs to Use MarginEdge(SM), Company's Derivatives Margin Management Service

BNY Mellon, the global leader in investment management and investment services, will begin allowing futures commission merchants (FCMs) to post a wide range of collateral, including corporate bonds, for futures and cleared swaps margins at CME Clearing.   FCMs can post the collateral via the CME IEF4 program using MarginEdge(SM), BNY Mellon's global derivatives margin management service.

-New Benchmark Index Tracking Real Transactions with Accuracy and Transparency

-Exclusive Product with Already Strong Customer Demand

-New Benchmark Index Tracking Real Transactions with Accuracy and Transparency

-Exclusive Product with Already Strong Customer Demand

4sight Financial Software, a leading provider of software and consultancy to the Securities Finance and Collateral Management markets, has hired Antonio Neri as executive director. Antonio will head up the sales, pre-sales, marketing and account management team globally.

Prior to joining 4sight, Antonio was formerly Head of EMEA Sales at Lombard Risk Management. He brings with him many years of experience in collateral management and OTC derivatives valuation systems for the financial markets.

NYSE Liffe U.S., the innovative U.S. futures exchange of NYSE Euronext (NYX) today announced that Harvey Flax has been appointed to the newly created position of  Business Manager, GCF Repo IndexTM futures. Mr. Flax will be responsible for leading the launch and development of the DTCC GCF Repo IndexTM futures products trading exclusively on NYSE Liffe U.S. and cleared on NYPC. Based in New York, he will report to Lynn Martin, chief operating officer, NYSE Liffe U.S.

Mediterranean Bank joins Euro Repo and GC Pooling markets

4sight Financial Software has recently added new functionality to its Xpose Collateral Management system. The software is currently used by eight of 4sight’s clients worldwide and provides a multi-product collateral management system for Securities Lending, Repo, Exchange Traded and OTC Derivatives collateral.

The new features include:

• Additional collateral optimisation and allocation tools

• Global trading and collateral inventory management with a single user-driven view of all global exposures

Banco de Investimento Global joins Euro Repo and GC Pooling markets