ISMA says that many repo transactions remain mismatched for long periods of time, which is common practice in speculative repo trading in the more highly developed US market. Currently some firms confirm only the first leg of buy sell back
Norwich Union, the UK's largest insurer, has agreed to sell the Norwich Union Mortgage Club (NUMC) to Bankhall, one of the UK's leading suppliers of intermediary services. The sale is expected to be completed by the end of the first
EuroMTS claims liquidity has improved markedly across benchmark Treasury bill issues, following the introduction of the EuroBenchmark Treasury Bills Market for French, German, Italian, and Spanish securities with volumes on the market surpassing EUR500 million in the first two weeks
HSBC said it has added William E. Smith and Brendan McCarthy to its securities lending team. Smith has been named Managing Director and Head of Securities Lending and McCarthy joined as Head of Sales & Marketing for Securities lending. Smith
The Pan Asian Securities Lending Association (PASLA) held its annual conference in Hong Kong last week, co hosted for the first time with PASLA's sister U.S. organization, the Risk Management Association (RMA). The conference was well attended by market practitioners
Interest rate convergence between Poland, Hungary and the EU has reversed, according to a California based independent investment research firm. Investors are generally unaware of the negative impact such a reversal will have on assets in Poland and Hungary, says
Barclays Capital is making US Treasury TIPS and STRIPS available on BARX (Barclays Automatic Real time Execution), the firm's single dealer electronic trading platform on the Bloomberg Professional service. The BARX platform is aimed at professional investors and allows users
Signalling their intention to be a significant player in the mortgage backed securities market Fimat USA, Inc. the US subsidiary of Fimat Group has joined the Mortgage Backed Securities Clearing Corporation (MBSCC), a division of the Fixed Income Clearing Corporation.
The Korean Securities Depository said today that, as of April 6, partial returns of borrowed securities on loans would be allowed unless opposed by the lender. Allowing the partial return of borrowings will enhance the efficiency of Korean securities lending
Ordina and Fortis Bank Information Banking have teamed up to provide outsourcing activities for securities transactions. This follows news last week that Ordina bought the back office and IT operations of Staalbankiers. In this partnership, Fortis Bank's global brokerage, clearing