The Oklahoma Teachers' Retirement System is looking for new custodian and fresh securities lending agents, according to a report in Operations Management. An RFP will be issued shortly. Northern Trust has been the incumbent custodian since 1999. An Oklahoma official
The Ministry of Finance (MOF) in Japan is considering the issue of 5 to 6 year fixed rate retail JGBs from the beginning of 2005. If issued, total sales of retail JGBs, combined with those of the already launched 10
The International Securities Market Association (ISMA), Chisholm Roth and the ISMA Centre at the University of Reading says the distance learning version of their International Fixed Income and Derivatives (IFID) qualification is selling well in the UK, USA, France, Germany,
In the Philippines, the Senate has passed a bill to temporarily abolish Stamp Duty on secondary trades, but exempt securities lending and borrowing transactions from the tax altogether. The President is expected to sign the legislation into law this month.
An informal survey of US institutional investors by Barclays Capital found a consensus around the idea that the Fed will tighten interest rates later rather than sooner and that inflation will be higher in 2004. The surveys also identified a
A new report from Moody's predicts that that Canadian structured finance issuance in 2004 will be about 5% higher than 2003, or between $C12 billion and $C13 billion. Most of the projected growth will come from commercial mortgage backed securities
The Ministry of Finance (MoF) in Japan says the new Primary Dealer System for placing and trading new issues of JGBs will be introduced "gradually" from October this year. Before then the first index linked JGBs wil be issued, perhaps
The Bank of New York says Clark County, Nevadahas appointed the bank to provide it with securities lending services. This appointment expands a $2 billion custody relationship that Clark County has already with Bank of New York subsidiary, BNY Western
The Delaware district court has spurned a submission by eSpeed, the electronic bond market, for an injunction against rivals BrokerTec for infringing its patent on electronic trading technology. The case is coming to trial in February 2005. The judge said
Eurex Bonds, the electronic fixed income platform, turned over Euros 11.7 billion (single counting) in December. Eurex Bonds turned over a total of Euros 181.6 billion in 2003, roughly a 34 per cent increase on the 2002 turnover. The Eurex