Asset backed finance (ABS) is increasingly popular among private equity houses, because it permits them to reduce the burden of expensive senior debt and improve the liquidity of companies that have been subject to a Leveraged Buyout. Or so says
The MTS Group says the first 50 year OAT issued by Agence France Trsor is listing on EuroMTS, MTS France and BondVision from 1 March. 29 European Primary Dealers and 1 Single Market Specialist of French bonds on EuroMTS as
The CSD in Poland, the National Depository for Securities (NDS), is seeking comments on the organization and pricing of a new intra day securities lending service. According to Darius Domaradzki, head of custody at HVB owned Bank BPH in Warsaw,
German Landesbank HSH Nordbank and Barclays have resolved out of court a law suit HSH brought against Barclays over collateralised debt obligations (CD0s) the British bank sold to the German bank. HSH Nordbank, the state bank for the city of
The Ministry of Finance and Economy(MOFE) in Korea has proposed waiving withholding tax on manufactured dividends used in securities lending transactions between foreign counterparties, irrespective of whether the borrower holds the borrowed securities on the dividend record date or not.
The Hong Kong authorities who were at the forefront of the offensive against securities lending two years ago, at the bottom of the bear market, are relenting. The Stock Exchange of Hong Kong has added 15 new securities to the
German regulators have alerted prosecutors to possible illegal activity by Citigroup Inc., during a large bond trade last year. German regulatory agency BaFin opened an investigation in October into an August transaction in which Citigroup Global Markets sold some 11.8
The Bank of New York has been appointed by The Hartford Mutual Funds as a third party securities lending agent. In addition, the bank has been awarded cash collateral re investment business associated with other Hartford securities lending agents.
EquiLend is expanding its securities lending support platform to cover the US Treasury and other public agency securities markets. Since the Equilend platform was launched in 2002, member users have used it primarily to conduct bi lateral securities lending transactions