BNP Paribas Securities Services has upgraded its triparty collateral management service to support synthetic securitisation and collateralised note structures, bringing greater operational efficiency and protection to those structures. The service will enable the proceeds of notes issuance to be transformed through securities finance transactions – or a cash loan secured with securities – efficiently and…
Category: Collateral
State Street adds convertibles for P2P lending
State Street has expanded its peer-to-peer securities finance product, Direct Access Lending, which enables direct, principal loans between its lending and borrowing clients. It now enables borrowers to post U.S. convertible bonds as collateral to facilitate the participation of new clients and strategies. The same operational support provided for equity-for-equity loans in Direct Access Lending…
Northern Trust launches UMR solution
Northern Trust has launched an automated solution for initial margin calculation to help asset manager and asset owner clients comply with global regulations governing trading of OTC derivatives. The solution, developed in advance of the deadline for implementation of Uncleared Margin Rules (UMR), is part of Northern Trust’s integration of Acadia’s margin management solutions.
State Street goes live with Acadia
State Street’s Collateral+ business is now operational with Acadia’s Initial Margin Exposure Manager (IMEM) and Margin Manager (MM) service. This integration provides automated dispute management for initial margin agreements and electronic margin call messaging across multiple products.
State Street goes live with DTCC’s MTU
State Street’s Collateral + business has gone live with DTCC’s Margin Transit Utility (MTU), which has been designed for simplifying the transfer of collateral among market participants. By leveraging MTU, State Street’s Collateral+ business will now be able to more efficiently validate, enrich, settle, report and monitor third party collateral while connecting to and sharing…
State Street hires Sam Edwards to head AsPac collateral management
State Street has hired Sam Edwards as head of collateral management for Asia Pacific. Based in Hong Kong, Edwards will report globally to Staffan Ahlner, global head of collateral management, and regionally to Michele Hardeman, head of global markets, Asia Pacific. Edwards joins State Street from Credit Suisse, where he was most recently head of…
UBS joins Broadridge’s repo platform
UBS has joined the distributed ledger repo (DLR) platform launched by Broadridge Financial Solutions earlier this year. DLR provides a single platform where market participants can agree, execute and settle repo transactions. Under DLR, collateral can be detached from the trade agreement, while the cash remains off-chain. DLR allows for the immobilisation of the underlying…
Laide Majiyagbe joins BNY Mellon to head financing & liquidity
BNY Mellon has appointed Laide Majiyagbe as head of financing and liquidity, assuming oversight of the securities finance, liquidity services and collateral segregation businesses. In this newly created role, Majiyagbe will oversee the strategic direction for BNY Mellon’s financing, collateral and short-term liquidity offering. She joins BNY Mellon from Goldman Sachs, where she spent 14…
BNY Mellon adds FICC cleared repo to LiquidityDirect portal
BNY Mellon has made FICC sponsored cleared repo available through its LiquidityDirect short-end investment portal. Institutional clients can now seamlessly invest cash in cleared repo through LiquidityDirect. The addition of cleared repo to LiquidityDirect broadens the range of short-term investments on the platform to include a secured, centrally cleared alternative that provides counterparty diversity and…
State Street plans ESG-aware commingled cash collateral service
State Street plans to roll out its agency lending program’s first ESG-aware commingled cash collateral reinvestment strategy. The agency lending team has partnered with State Street Global Advisors, its asset management business, to provide securities lending clients with a commingled cash collateral reinvestment strategy that follows short-term investment guidelines, while considering R-Factor, a proprietary ESG…