Norwich Union's Portfolio Bond Boasts Strong Sales
Norwich Union's Portfolio Bond Boasts Strong Sales
Securities Finance
Oklahoma Teachers Pension Fund Scouting For Third Party Lenders
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
Japan May Issue Short Dated Fixed Rate JGBs To Retail Investors
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
ISMA Says Its New Professional Financial Markets Qualification Is Selling Like Hot Cakes
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,
Philippines Scraps Stamp Duty On Securities Lending And Borrowing
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.
US Investors Want Inflation-Proofed Bonds As Yields Set To Rise, Says Barclays Capital Survey
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
Canadian ABS And MBS New Issuance To Hit C$12-13 Billion In 2004, Predicts Moody's
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
JGB Market Shake-Up In Japan To Start In The Spring
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
Bank of New York Wins Securities Lending Mandate From Clark County, Nevada
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
ESpeed Fails To Get Court Injunction Against BrokerTec
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