Citi connects to ICE Clear Europe through newly expanded Baton network
With the Baton network, Citi will automate its collateral management as it becomes first FCM to connect to ICE Clear Europe.
With the Baton network, Citi will automate its collateral management as it becomes first FCM to connect to ICE Clear Europe.
Clients will now gain direct connectivity to BNY Mellon, Clearstream, Euroclear and JP Morgan, via SWIFT, for sending and receiving collateral instructions.
New head joins from Credit Suisse and brings almost two decades of experience in securities finance, liquidity and financial resource management.
Custodian invests in widely backed collateral mobility platform and will also connect its agency securities lending business to HQLAx.
New service enables the bank to improve operational and credit risk strategies, and reduce its internal infrastructure and support costs.
The solution will target certain banks and buy-side firms that will be required to establish tri-party collateral management arrangements for the first time.
The newly created role will focus on the strategic direction of BNY Mellon’s financing, collateral and short-term liquidity offering.
The hedge fund will utilise Arcesium’s modular Treasury suite to scale its treasury functions and bring new controls into its collateral management workflows.
The joint initiative will work on developing an automated collateral management solution for the domestic Canadian market.
The bank’s initial margin service will enable APAC-based firms to outsource their initial margin models and processes ahead of the incoming UMR rules.