Securities Finance

MTS Launches EU Accession State Bond Index

MTSNext has launched a EuroMTS New EU Index (EMTXn), which it says is the first real time index for euro denominated government benchmark bonds issued by the new member states of the European Union. The EMTXn is based on real

JPMorgan, Korea First Form Structured Financing Partnership

JPMorgan and Korea First Bank have consummated their recently forged back up servicing business alliance by announcing JPMorgan's signing of the Samsung Card Co. Ltd, Credit Card Receivables Securitisation deal. Arranged by Merrill Lynch, the Samsung deal gave JPMorgan the

ICAP Begins EONIAS Electronic Auto-Trading

Interdealer broker ICAP plc has begun electronic auto trading of short term interest rate swaps called EONIAS (Euro Overnight Index Average Swaps). EONIAS have been traded on ICAP's i Swap system, since the 1st of September. i Swap is based

Fitch And Moody's Upgrade Romania To BB And Ba1

Fitch Ratings has upgraded Romania's long term foreign currency and local currency sovereign ratings from 'BB' to 'BBB ' and from 'BB+' to 'BBB' respectively. At the same time, the Short term rating and Country Ceiling have been upgraded from

ICAP Claims Leadership Of European Repo Market

Inter dealer broker ICAP has claimed leadership of electronic broking in the European repo market. The claim came as ICAP published data showing overall volumes on its electronic broking platforms reached a record level of US$45.9 trillion in the third

ISLA Admits Borrowers To Membership

Since 1 September the International Securities Lending Association (ISLA) has admitted borrowers as well as lenders to membership. Since its inception in 1989 ISLA has been an association for the securities lending industry, but to date its membership has been