Securities Finance

This move is part of a broader strategy to modernise financial market infrastructure while maintaining the safety and efficiency of existing systems. 

BBH’s Infomediary Data Solutions platform has been integrated to manage data connectivity and custodian communication via Swift. 

This achievement, recognised by TMX Group, marks Canada’s first domestic triparty collateral management service, enhancing liquidity, minimising exposure risk and optimising market efficiency. 

The new service allows firms to use traditional and digital assets as collateral, with a view to streamlining operations, enhancing portfolio management and reducing counterparty risk. 

HSBC, along with Bank of China Hong Kong, Standard Chartered, and Hang Seng Bank, participated in the inaugural offshore RMB liquidity mechanism, facilitating transactions for institutional investors in Hong Kong and abroad. 

Originally set for 14 February 2025, the deadline has now been extended to 17 February 2026, giving institutional investment managers additional time to comply. 

US-based electronic broker-dealer Interactive Brokers has adopted Pirum's platform to enhance corporate action efficiency and mitigate operational risks. 

This week’s securities finance round-up features HSBC, Citi, Deutsche Bank, HQLAᵡ, LCH, Financial Conduct Authority, Japan Securities Clearing Corporation. 

Under the mandate, MUFG Investor Services will provide securities lending services for Mississippi’s $34 billion PERS pension system. 

The US Securities and Exchange Commission on the 2 January 2025 released an order approving FINRA’s proposed rule change.