Securities Finance
Forecast Cash Properly And Enjoy Higher Yields, Consultancy Tells Corporate Treasurers
US companies that are able to forecast their cash needs enjoy significantly greater investment yields than firms who have no forecasting methodology. Or so claim there authors of the 2004 Corporate Liquidity Survey, published on Friday by consultants Treasury Strategies.
Five US Regulators Announce Guidelines To Contain Structured Finance Risk
Five US supervisory bodies have proposed guidelines for institutional investors to use as a road map in identifying and containing risks inherent in complex structured finance activities. The Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the
Bond Market Association To Respond To SEC Consultation On Structured Finance
The Bond Market Association says it will be replying to the Securities and Exchange Commission, the Department of the Treasury and bank regulatory agencies on the proposed guidance issued yesterday to financial institutions involved in complex structured finance activities. "We
Repo Market Growth Likely In Poland After Parliament Adopts Collateral Act
The Polish Parliament has voted to adopt the Financial Collateral Act which establishes basic ground rules for both collateral and cash providers in financing transactions, paving the way for the development of the repo market there. The growth of a
European Repo Committee Urges Members To Confirm Both Legs Of Repo Transactions
The European repo committee has urged all firms actrive in the European repo markets to confirmation of second leg of buy sell back transactions. At its most recent meeting, the committee noted that some firms currently only confirm the first
ISMA Puts Spotlight On Unmatched Repo Transactions
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 Agrees To Sell Mortgage Club To Bankhall
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
MTS Says EuroBenchmark Treasury Bills Market Is Boosting Liquidity
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 Hires Two New Senior Members For Sec Lending Team
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