The American Securitisation Forum ("ASF") has issued a set of recommended "minimum standards and best practices" for asset backed securities (ABS) syndicates. The standards are the second set the ASF has developed. The first was a monthly investor report template
SunGard Futures Systems says that Chicago based futures commission merchant (FCM) Advantage Futures LLC has gone live on SunGard's GMI to manage back office processing and accounting of exchange traded derivatives and futures. SunGard says Advantage Futures, a newly formed
HBOS Treasury Services have recruited Jamie Smith to help develop and market their collateral trading business. He reports to Mick Chadwick, Head of Collateral Trading for HBOS. Prior to joining HBOS Smith spent over twenty years at Midland HSBC Global
State Street says it has been appointed by the Retirement Systems of Alabama to provide a full range of investment services. State Street will provide custody, fund accounting, master record keeping, global securities lending, cash management and performance measurement services
Deutsche Brse has just had its best ever second quarter and half year periods. Sales were up 71 per cent in the first quarter to Euros 351.9 million and by the same amount to Euros 702.4 million in the first
EuroMTS is to launch an electronic inter dealer market for Israeli fixed income securities, based on its Telematico trading system. The announcement follows a meeting yesterday evening in Jerusalem between Benjamin Netanyahu, Israel's Finance Minister and Gianluca Garbi, Chief Executive
BNP Paribas Securities Services says its Madrid operation has been chosen to support CM Capital Markets Bolsa, a Spanish IFA poised to launch an electronic fund distribution platform or fund supermarket. The new platform will provide access to more than
JP Morgan Investor Services says Royal & SunAlliance USA (RSA USA) has appointed it custodian and securities lending agent for all of its US insurance assets. The mandate follows an RFP process, but consolidates all of RSA USA's assets with
PFPC says the Eaton Vance Funds have renewed their existing agreement with PFPC to provide transfer agency services for retail mutual fund shareholders. Total assets serviced by PFPC for the Eaton Vance Funds are approximately $27 billion, representing over one