BNY Mellon has facilitated better investor utilisation of Chinese fixed income assets following the introduction of the bonds as eligible collateral on BNY Mellon’s triparty platform through Hong Kong’s Bond Connect. BNY Mellon’s new solution enables clients to deploy these assets as collateral. Once the assets are within the bank’s triparty platform, clients can use…
Category: Collateral
State Street launches peer-to-peer repo program
State Street has launched a new peer-to-peer repo program for the buy-side. The service aims to deliver competitive financing costs across a broader range of collateral types, as well as yield enhancement opportunities compared to traditional repo markets. State Street guarantees the payment obligations of cash borrowers to cash lenders within the program in the…
Broad Reach deploys Arcesium’s treasury management solution
Broad Reach Investment Management, a UK-based alternative investment firm, has chosen Arcesium’s modular Treasury Suite to scale its treasury operations and management functions. Arcesium’s treasury technology will add transparency and control into Broad Reach’s collateral management workflows, providing an independent, holistic view into their data. Broad Reach can further optimise their multi-asset collateral allocation through…
BNP Paribas expands IM services to APAC
BNP Paribas Securities Services is expanding its collateral management services in APAC to help firms in the region manage initial margin requirements arising from their non-cleared OTC derivatives positions.
HQLAx secures new funding for collateral platform
HQLAᵡ, the Luxembourg-based fintech provider, has secured EUR14.4m Series B funding from BNY Mellon, Goldman Sachs, BNP Paribas Securities Services, Citigroup and its existing shareholder, Deutsche Börse. The funding will be used to accelerate the core premise of the HQLAᵡ platform – helping the industry address European collateral fragmentation by extending its connectivity to leading…
J.P. Morgan deploys DLT for first intraday repo trade
J.P. Morgan has completed a live, blockchain-based intraday repo transaction. The transaction was conducted between J.P. Morgan’s broker/dealer and banking entity, using an in-house developed blockchain application which supported instantaneous settlement and maturity of the transaction in hours, as opposed to days. Using blockchain enables borrowers and lenders to execute shorter-term, intraday repo transactions with…
Fidelity launches digital asset collateral service with BlockFi
Fidelity Digital Assets, a subsidiary of Fidelity Investments, has launched a new service that enables clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction. The new capability marks Fidelity’s entrance into the digital asset financing space, strengthening and broadening Fidelity Digital Assets’ existing custody offering, which is integrated…
State Street adds to collateral management team
State Street has appointed Staffan Ahlner as global head of Collateral+, a part of the funding and collateral solutions group. Ahlner, who previously led BNY Mellon‘s global collateral management business, will manage State Street’s Collateral + team to build on the company’s core collateral management capabilities and develop future collateral management solutions. Ahlner will report…
BNY Mellon launches margin messaging through AcadiaSoft
BNY Mellon has launched MarginConnect, a margin messaging capability that gives greater control to buyside managers over the collateralisation of non-cleared derivatives. The service provides a direct connection to AcadiaSoft, BNY Mellon’s collateral management solutions partner. With this link, clients are able to generate collateral instructions within the AcadiaSoft ecosystem without having to separately create…
HSS partners with AcadiaSoft for IMS
HSBC Securities Services will partner with AcadiaSoft to deliver a full end-to-end independent Initial Margin Service for its clients who are preparing for Phase 5 and Phase 6 regulatory initial margin. This functionality will enable HSS to calculate initial margin in compliance with the ISDA standard initial margin model (SIMM) independent of the clients’ counterparty.…