News and Notes

J.P. Morgan, London Stock Exchange

Jul 16, 2013 New York — J.P. Morgan today announces that its Collateral Management business has selected London Stock Exchange Group (LSEG) to provide settlement, custody and asset servicing services…

EMCF and EuroCCP to merge

July 18, 2013

EMCF, EuroCCP

ABN AMRO Clearing Bank, BATS Chi-X Europe, DTCC and NASDAQ OMX Sign Landmark Agreement to Create New CCP, EuroCCP N.V. The owners of EMCF – ABN AMRO Clearing Bank and…

ESMA consults on non-EU counterparties OTC derivatives

July 18, 2013

he European Securities and Markets Authority (ESMA) has launched a consultation on draft regulatory technical standards (RTS) aimed at implementing the provisions of the European Markets Infrastructure Regulation (EMIR) related…

European organisations aim to boost triparty repo settlement interoperability by 2015

July 15, 2013

Clearstream, Eurex Clearing, Euroclear, ICMA

(Frankfurt, Germany) The ICMA European Repo Council has today signed a Memorandum of Understanding with Clearstream, Euroclear and Eurex Clearing, which engages the three post-trade infrastructure providers in a joint…

ESMA begins detailing central clearing of OTC derivatives

July 15, 2013

The European Securities and Markets Authority (ESMA) has launched a Discussion Paper to prepare the regulatory technical standards (RTS) which will implement provisions of the European Markets Infrastructure Regulation (EMIR)…

US proposes 5% leverage ratio for large banks

July 10, 2013

FDIC, Federal Reserve, OCC

The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) on Tuesday proposed a rule to strengthen the leverage ratio…

OneChicago trading volumes up 80% over June 2012

July 5, 2013

Reported by Securities Lending Times: OneChicago’s trading volume for Q2 2013 has increased 80 percent year-on-year with volume of 780,133 for June 2013. Open interest stood at 586,014 contracts on…

Bloomberg: EU Accuses 13 Banks of Hampering CDS Competition

July 2, 2013

European Commission, Markit

Reported by Bloomberg: Thirteen of the world’s biggest investment banks were accused by the European Union of colluding to curb competition in the $10 trillion credit derivatives industry. The EU…

OCC seclending volume down 5% from June 2012

July 1, 2013

Securities Lending: OCC’s securities lending CCP activities saw a 5 percent decline in new loans from June 2012 with 114,816 transactions last month. Year-to-date stock loan activity is up 28…

Olivetree selects SunGard ASTEC for seclending data

July 1, 2013

Olivetree, SunGard ASTEC

Olivetree Financial Group, a leader in evidence-based finance, has selected SunGard’s Astec Analytics to provide the users of its OTAS platform with faster, more comprehensive securities lending data. This improvement…

Bloomberg: SIX to run Swiss repo market

July 1, 2013

SIX

Reported by Bloomberg: SIX Group, operator of the Swiss stock exchange, will run the nation’s market for repurchase agreements, or repos, from May 2014 instead of Deutsche Boerse AG (DB1)’s…

SLT: BNY Mellon receives key collateral patent

June 27, 2013

Reported by Securities Lending Times New York 26 June 2013 BNY Mellon has been awarded a US patent for a process enabling the secure management of collateral between counterparties via…

Eurex Clearing Prisma upgrades portfolio margining

June 27, 2013

Eurex Clearing, Europe’s leading clearing house, has launched its next-generation risk management system, Eurex Clearing Prisma, into production. Eurex Clearing Prisma applies a portfolio methodology compared to traditional product-by-product based…

BNP Paribas rolls out Collateral Access

June 27, 2013

collateral management

BNP Paribas Securities Services (BNP Paribas), a global custodian with over USD 7 trillion assets under custody, boosts its collateral management solution by launching Collateral Access, a fully integrated and…

IOSCO Publishes Principles for the Regulation of Exchange Traded Funds

June 25, 2013

There is increasing interest in ETFs worldwide as evidenced by the significant amount of money invested in these types of products. The dynamic growth of ETFs has also drawn the…

Basel Committee publishes Basel III assessment for Switzerland

June 25, 2013

Basel Committee on Banking Supervision

This report presents the findings of the Basel Committee’s RCAP Assessment Team for Switzerland, covering the capital standards under the Basel framework. The team was led by Mr Stephen Bland…

ICAP invests in Enso Financial

June 21, 2013

Enso, ICAP

Interdealer broker Icap has made a strategic investment in Enso Financial Management (EFM), an early-stage provider of portfolio reporting and data analytics services to hedge funds and asset managers. Financial…

Eurex Clearing's Securities Lending CCP expands coverage

June 18, 2013

Since 7 June, our service for the securities lending industry covers blue chips equity indexes from Belgium, France and the Netherlands complementing our service offering for German and Swiss equities,…

J.P. Morgan launches Collateral Central tracking service

June 17, 2013

J.P. Morgan, JPMorgan

As reported by the Financial Times: “JPMorgan Chase will on Monday unveil its attempt to capture a slice of the growing business of managing the billions of dollars worth of…

JPMorgan and LSE partner on new European CSD

June 17, 2013

JPMorgan, LSE

As reported by Financial News: 17 Jun 2013 JP Morgan is teaming up with the London Stock Exchange Group as part of its move to launch a central securities depository,…

LSE's MTS to allow buy-side trading of interest rate swaps

June 17, 2013

LSE, MTS

MTS, Europe’s premier fixed income trading venue, is set to launch MTS Swaps, a new platform that will give buy-side institutions the ability to trade interest rate swaps electronically. The…

EACH urges regulators to exempt CCPs from the bail-in provisions of the banking recovery & resolution framework proposal

June 14, 2013

CCPs, EACH

Inclusion of CCP cleared contracts in the bail-in provisions would be counter to a number of the provisions in EMIR In its regular monthly meeting on June, 7, 2013, EACH…

Citi OpenCollateral gets a win

June 11, 2013

Citi has delivered collateral management and middle office services to one of Europe’s leading asset managers, enabling it to centrally clear OTC derivatives for the first time. A significant regulatory…

OneChicago trades 1 million SSF contracts in May 2013

June 4, 2013

This is equivalent to 100 million shares and a new record for the exchange.

ESMA proposes adjustments to EU short selling rules

June 4, 2013

ESMA issued a press release yesterday with recommendations for improving the EU’s short selling regulations. Steven Maijoor, ESMA Chair, said: “ESMA’s review has found that the introduction of the Short…

Clearstream offers new repo agreement to the market

June 4, 2013

Reported by Securities Lending Times Luxembourg 31 May 2013 Clearstream has designed a new legal master agreement for triparty repo transactions, with the aim of bypassing tedious individual agreements. The…

BNYM includes MBS in bilateral margining capabilities

June 4, 2013

NEW YORK, June 3, 2013 /PRNewswire/ — BNY Mellon, the global leader in investment management and investment services, has enhanced its DM Edge(R) product by expanding its bilateral margining capabilities…

OCC seclending volume up 46% over May 2012

June 3, 2013

Securities Lending: OCC’s securities lending CCP activities saw a 46 percent increase in new loans over May 2012 with 121,016 transactions last month. Year-to-date stock loan activity is up 40…

4sight adds Collateral Substitution Automation to its Collateral Optimisation Solution

May 29, 2013

4sight Financial Software has added new features to its Collateral Optimisation system. This allows users to automate collateral recalls and substitutions based on: Corporate actions Changes in collateral credit rating…

Aviva Investors France gets BNP Paribas for collateral administration

May 29, 2013

BNP Paribas Securities Services has been mandated by Aviva Investors France for the administration of collateral for its sale and repurchase agreements. BNP Paribas will support Aviva to develop its…

OCC to restrict exercises to net long positions

May 24, 2013

CHICAGO (May 23, 2013) – OCC announced today that its Board of Directors approved the adoption of a policy that would require clearing members to restrict exercises in certain accounts, including market…

Calypso Technology Opens Office in Beijing

May 24, 2013

Beijing, May 23, 2013 — Calypso Technology, Inc., the leading integrated treasury and capital markets software provider, today announced it has opened an office in Beijing, to service both the domestic…

Eris Exchange Announces A Single Day Trading Volume Record

May 21, 2013

CHICAGO, May 15, 2013 /PRNewswire via COMTEX/ — Eris Exchange, a US-based futures exchange offering swap futures as a capital-efficient alternative to traditional OTC interest rate swaps, today announced that…

Pershing and BNY Mellon Combine Bank and Brokerage Custody into a Single Service Offering

May 17, 2013

May 16, 2013 Service to benefit advisors serving ultra/high-net-worth investors JERSEY CITY, N.J. – Pershing LLC, a BNY Mellon company, today announced that Pershing Advisor Solutions and BNY Mellon’s Wealth…

Lombard Risk announces record results for year ending 31 March 2013

May 14, 2013

London, UK – 14th May 2013: Lombard Risk Management plc (Lombard Risk), a leading provider of integrated collateral management and regulatory compliance solutions for the financial services industry, is pleased…

Euroclear partners with DTCC; Clearstream to follow

May 13, 2013

Clearstream, DTCC, Euroclear

As reported by Securities Lending Times Euroclear and The Depository Trust & Clearing Corporation (DTCC) have signed a MoU to create a joint collateral processing service that hopes to significantly…

BNYM report says Big Data next step in financial analytics

May 13, 2013

NEW YORK and LONDON, May 9, 2013 — New analytical approaches combined with the arrival of torrents of big data have the potential to shape a healthier and more prosperous…

FT: Dual-track Libor replacement lined up

May 13, 2013

Martin Wheatley, the UK regulator leading efforts to reform the London Interbank Offered Rate, told the Financial Times that a parallel system would provide continuity for holders of $350tn in…

BNY Mellon Launches Intraday Liquidity Analytics

May 13, 2013

Helps clients monitor daylight overdrafts, respond to intraday liquidity transparency requirements under Basel III Increases visibility and control, helps clients manage global liquidity and risk more effectively across their enterprise…

Quadriserv, Inc. Announces Expansion of Relationship With SunGard In Support Of Securities Lending Initiatives

May 8, 2013

SunGard to Assume Key Operational and Technological Functions; Senior SunGard Executive Joins Quadriserv’s Reconstituted Board of Directors May 8, 2013 Quadriserv, Inc., founded with a mission to bring efficiency, price…

SIX Securities Services: collateral management at risk of becoming a commodity

May 8, 2013

SIX Securities Services

75% of financial institutions believe collateral management has become, or is at risk of becoming, a commodity SIX Securities Services – the post-trade services provider – released data from a new…

BNP Paribas and Clearstream's collateral management collaboration goes live

May 8, 2013

BNP Paribas, Clearstream

A collateral management service developed for customers of both Clearstream and BNP Paribas Securities Services has now launched across multiple markets and for both fixed income and equities. The live…

State Street upgrades financial reporting and collateral services

May 8, 2013

BOSTON — State Street Corporation (NYSE: STT), announced today enhancements to its financial reporting and collateral services which will help clients comply with regulations, manage risk and automate their disclosure…

ICMA report on the systemic importance of collateral, repo and the FTT

May 7, 2013

The systemic importance of collateral and the role of the repo market – ICMA European Repo Council paper highlights the disruptive impact of the proposed FTT on the widespread use…

REGIS-TR sign KAS BANK as first participant reporting on behalf of market participants

May 6, 2013

REGIS-TR, the European Trade Repository owned by Clearstream (Deutsche Börse Group) and Iberclear (BME) recently signed KAS BANK as their first participant acting as third party reporting on behalf of…

OCC Securities Lending volumes rise 53% year over year

May 1, 2013

OCC’s securities lending CCP activities saw a 53 percent increase in new loans over April 2012 with 121,910 transactions last month. Year-to-date stock loan activity is up 38 percent from…

ISDA Publishes 2013 Operations Benchmarking Survey

April 26, 2013

SINGAPORE, April 25, 2013 – The International Swaps and Derivatives Association, Inc. (ISDA) today released its 2013 Operations Benchmarking Survey at its 28th Annual General Meeting in Singapore. The ISDA…

Euroclear Bank and Standard Chartered broaden collateral pool

April 26, 2013

Euroclear, Standard Chartered