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!

Itaú BBA has selected 4sight’s Securities Finance and Collateral Management solution to support its US-based securities lending and repo business, Itaú BBA USA Securities.

Markit, a leading, global financial information services company, today announced the expansion of its content and analytical services to include US Dollar tri-party Repo transactions.

Markit Securities Finance has integrated aggregate tri-party US Dollar Repo data and position updates from BNY Mellon into the reports and analysis provided to clients including banks, insurance companies, fund managers and corporations. The data includes a two-year history and represents outstanding positions in excess of US$ 1 trillion.

Peter Reitz steps down from the management team of both Eurex subsidiaries/Eurex Repo and Eurex Bonds extend management
Eurex Group today announced management changes at both Eurex Repo GmbH and Eurex Bonds GmbH.

Peter Reitz, who has served as managing director at both companies since 2006, left both firms. However, he will continue to bear overall responsibility for the two subsidiaries on the Eurex Executive Board.

Unique loss allocation arrangements designed in close collaboration with leading Fixed Income market participants

LCH.Clearnet Ltd, the multi-national clearing house’s UK-based CCP, has put in place best-in-class systemic risk mitigation for bonds and repo cleared through its RepoClear service by implementing formal loss allocation arrangements.  LCH.Clearnet Ltd’s loss allocation arrangements, which are unique to the bond and repo market, were designed in close collaboration with leading fixed income market participants.

The European Securities and Markets Authority (ESMA) has today published guidelines on Exchange-Traded Funds (ETFs) and other UCITS issues. 

Full news release: http://www.esma.europa.eu/news/ESMA-publishes-ETF-guidelines-and-consults-repo-arrangements?t=326&o=home

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