The Athens Derivatives Exchange Clearing House (ADECH) and the Central Securities Depository (CSD) says it will be possible from 1 December 2004 to pledge Hellenic Republic Bonds as collateral for derivatives positions.
“The procedure of pledging bonds through the Dematerialized Securities System (DSS) will be similar to that of pledging stocks, which is already possible in the derivatives market,” says a spokeswoman for EFG Eurobank in Athens.
In addition, ADECH announced that the margin requirements for Stock Reverse Repo contracts and Repurchase Agreements were reduced from today. Details of the new margins are available at the web site of the Athens Derivatives Market.