Northern Trust has appointed Barney Binder as global head of collateral. Based in London, he reports to Nadia Ivanova, head of business services for the asset servicing business. Binder joins from HSBC, and has also worked at Morgan Stanley.
Category: Collateral
Citi invests in Transcend
Transcend, a U.S.-based provider of liquidity, funding, and collateral optimisation solutions, has onboarded Citi as its latest investor. The investment was made through Citi’s strategic investments arm. Citi’s funding will support Transcend’s ongoing global roll-out of its solutions. Citi as the third global bank to invest in the fintech firm. Additionally, a long-term business agreement…
Pirum upgrades recalls service for T+1
Pirum, the UK-based fintech focused on securities finance, has launched a borrower automation solution with its Recalls Manager service, enabling full automation of the recall lifecycle with its first clients well ahead of the introduction of T+1 settlement in the US, Canada and Mexico in May 2024. Pirum is going live with multiple agent lenders…
Clearstream and TMX to launch CCMS
TMX Group Limited, owner of the Toronto Stock Exchange, and Clearstream Banking, the ICSD owned by Deutsche Börse Group, plan to launch an automated collateral management service in Canada, which will include the introduction of Canada’s first domestic triparty repo capability. Targeted for launch in the third quarter of 2023, the initial phase of the…
More users join Broadridge’s DLR
DRW, Société Générale and another bank have executed intraday repo transactions on Broadridge’s Distributed Ledger Repo (DLR) platform. These latest transactions follow DLR’s first intraday repo transaction in April 2023 and expand the user network.
Komainu launches collateral management service
Komainu, the C.I.-based digital asset custody service provider that is backed by, amongst others, Nomura, has launched a collateral management service, Komainu Connect. The offering is live with a selection of clients, enabling leverage of their digital assets in collateralisation trades whilst they remain in secure, regulated custody, segregated and verifiable on chain. Komainu Connect…
UBS executes first intraday repo on DLR
UBS and an Asian bank have executed the first cross-border intraday repo transaction on Broadridge’s blockchain-enabled Distributed Ledger Repo (DLR) platform. The platform provides a utility where market participants can agree, execute, and settle repo transactions, providing flexible settlement cycles based on counterparties’ needs. The DLR Repo platform significantly increases settlement velocity and collateral mobility,…
Clearstream launches Collateral Mapper
Clearstream has launched a new data-based solution to optimise collateral management: the Collateral Mapper. This provides clients with an automated and complete view of their collateral positions. It summarises complex sets of reports on collateral usage in an intuitive dashboard and evaluates the collateral potential of an equity portfolio. It also identifies the spare capacity…
Pirum extends connectivity with BNY Mellon
Pirum, the UK-based fintech, has extended its connectivity with BNY Mellon through its collateral management platform, CollateralConnect, to allow mutual clients to self-direct triparty collateral allocations using its optimisation algorithm. By leveraging Pirum’s existing market-wide connectivity, the platform now offers a full front-to-back solution to support enterprise-wide optimization across fixed income, securities finance and derivatives.…
Clearstream & Vermeg collaborate on ECMS
Clearstream has joined forces with Vermeg, a fintech focused on collateral management & asset servicing, regulatory reporting and digital transformation. The partnership will deliver an STP collateral management solution connected to the Eurosystem Collateral Management System (ECMS). The ECB is introducing ECMS to unify the management of collateral of national central banks across the Eurozone.…