News and Notes

Financial Services Commission, Korea

From the Financial Services Commission: Short selling is one of investment techniques that investors sell either securities they do not own or ones they borrowed. Short selling can contribute to…

Federal Reserve offers 28-day term deposits with full allotment at 26 basis points through its Term Deposit Facility

November 13, 2013

On November 18, 2013, the Federal Reserve will conduct a fixed-rate offering of term deposits with full allotment of tenders through its Term Deposit Facility (TDF). The Federal Reserve will…

Clearstream GSF up 5% in October 2013 year over year

November 12, 2013

8 November 2013 In October 2013, the value of assets under custody held on behalf of customers registered an increase of 6 percent to a record EUR 11.8 trillion (compared…

Russia's NSD Repository Processes More than 6,400 Messages during First Three Days of Mandatory Reporting

November 12, 2013

National Security Depository, NSD, Russia

Starting 5 November 2013, Russian market participants must submit to the repository information about repos and currency swaps concluded in the OTC market on the basis of master agreements. On…

AgFe acquires Autumn Capital

November 10, 2013

London, 8 November 2013 AgFe has acquired the business of Autumn Capital Partners (“Autumn”). Autumn provides investment advice and technology solutions related to investments in cash equivalent and short-dated fixed…

OCC seclending up 26% year over year

November 4, 2013

OCC

Securities Lending: OCC’s securities lending CCP activities saw a 26 percent increase in new loans from October 2012 with 97,472 transactions last month. Year-to-date stock loan activity is up 28…

Federal Reserve and other central banks convert temporary bilateral liquidity swap arrangements to standing arrangements

October 31, 2013

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank announced on Thursday that their existing…

Wolters Kluwer Financial Services Adds Securities Lending Functionality to GainsKeeper FundTax™

October 29, 2013

Wolters Kluwer Financial Services yesterday launched automated securities lending functionality for its GainsKeeper FundTax™ REIT solution. The enhanced module eases the burden of manually tracking securities lending for REIT’s and…

BNY Mellon releases new Liquidity Aggregator tool

October 29, 2013

BNY Mellon, the global leader in investment management and investment services, has added to its arsenal of risk and collateral management-related services with the introduction of the Liquidity Aggregator, available…

Tim Keenan Appointed Global Product Manager of BondLend

October 28, 2013

NEW YORK (Monday, October 28, 2013)—Tim Keenan has been appointed global product manager of fixed income securities finance trading platform BondLend, effective immediately. He will be based in New York.…

Omgeo Partners with TriOptima and AcadiaSoft to Streamline Collateral Management Processes

October 23, 2013

AcadiaSoft, Omgeo, TriOptima

Hong Kong, Singapore, London, New York and Boston, MA – 23 October 2013 Omgeo links to leading providers to facilitate straight through processing Omgeo, the global standard for institutional post-trade…

BNYM and CIBC merge securities lending desks

October 23, 2013

NEW YORK and TORONTO, Oct. 22, 2013 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, and CIBC Mellon, its long-established Canadian joint venture with Canadian…

DataLend Passes $10 Trillion in Securities Lending Inventory Value

October 21, 2013

NEW YORK (Tuesday, October 15, 2013)—DataLend, the securities finance market data provider launched in January 2013, has surpassed $10 trillion in total inventory value covering nearly 40,000 unique securities worldwide.…

EquiLend and BondLend to Launch New Securities Finance Trading Platform

October 21, 2013

NEW YORK (Wednesday, October 16, 2013)—EquiLend and BondLend have kicked off the development of a new consolidated and streamlined securities finance trading system covering the full pre-trade to trade execution…

CACEIS launches Collateral Express, an integrated collateral management product

October 16, 2013

With the implementation of regulations such as EMIR, Dodd-Frank and Basel III giving rise to the systematisation of collateral and greater demands on quality and liquidity, CACEIS has honed its…

CPSS and IOSCO issue a consultative document on quantitative disclosure by central counterparties

October 16, 2013

CPSS, CPSS-IOSCO, IOSCO

The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative document on the Public quantitative disclosure…

Lombard Risk posts financial results

October 15, 2013

London, UK – 15th October 2013: Lombard Risk Management plc (LSE: LRM), a leading global provider of collateral management, liquidity and regulatory reporting and compliance solutions for the financial services…

SEC launches market data website

October 14, 2013

sec

Washington D.C., Oct. 9, 2013 — The Securities and Exchange Commission today unveiled a dynamic new website to provide investors and others with the ability to interactively explore a range…

Switzerland's SIX to self-regulate short selling

October 14, 2013

SIX

In Switzerland, there are no provisions to regulate short selling in terms of laws or stock exchange regulations. In 2008, an announcement was made by the then Swiss Federal Banking…

Markit and SL-x tie up

October 9, 2013

Markit, SL-x

SL-x, a new securities lending trading venue and data firm Markit have teamed up to enable joint customers to move between the recently enhanced Markit Securities Finance web portal and…

Dubai Commodities Clearing Corporation and Clearstream cooperate in collateral management

October 9, 2013

Clearstream, Dubai Commodities Clearing Corp

8 October 2013 Clearstream and the Dubai Commodities Clearing Corporation (DCCC), the central counterparty (CCP) of the Dubai Gold & Commodities Exchange (DGCX), have agreed to cooperate on collateral management…

US Office of Financial Research publishes on securities lending

October 8, 2013

Office of Financial Research, US Office of FInancial Research

The following are excerpts from the US Office of Financial Research recent report, “Asset Management and Financial Stability,” September 2013. Inadequate risk management relating to reinvestment of cash collateral for…

Clearstream GSF up 4% year over year

October 8, 2013

7 October 2013 In September 2013, the value of assets under custody held on behalf of customers registered an increase of 5 percent to EUR 11.7 trillion (compared to EUR…

OCC seclending up 21% year over year

October 1, 2013

OCC

Securities Lending: OCC’s securities lending CCP activities saw a 21 percent increase in new loans from September 2012 with 87,792 transactions last month. Year-to-date stock loan activity is up 28 percent…

BNY Mellon Launches the Collateral Universe

September 26, 2013

BNY Mellon CSD receives Securities Settlement System status New Collateral Aggregator offering unveiled NEW YORK and LONDON, September 26, 2013 — BNY Mellon, the global leader in investment management and…

Eurex Clearing to act as CCP for SL-x Trading’s innovative European securities lending platform

September 23, 2013

Eurex Clearing: Eurex Clearing, one of the world’s leading clearing houses, and SL-x Trading Europe (SL-x) have signed an agreement whereby Eurex Clearing will act as clearing house for securities…

ESMA Trends, Risks, Vulnerabilities Report: market conditions improve, as systemic risks persist

September 23, 2013

The European Securities and Markets Authority (ESMA) published today its Trends, Risks, Vulnerabilities (TRV) Report (Ref. 2013/1138) and a Risk Dashboard for the second quarter of 2013. The TRV examines…

SunGard paper: General Collateral: Is GC lending on Its way to extinction?

September 18, 2013

SunGard has published a white paper looking at the possible elimination of GC lending. From the Introduction: In the post crisis world of securities lending, there has been a well-documented…

SunGard adds reporting services to Astec Analytics

September 18, 2013

SunGard’s Astec Analytics has introduced reporting services as the latest addition to its solution suite to provide customers with the ability to generate reports with detailed information on their borrowing…

Australian Securities Exchange Goes Live with Calypso Technology

September 18, 2013

Australian Securities Exchange, Calypso

Sydney, September 17, 2013 — Calypso Technology, Inc., the leading integrated capital markets software provider, announced today that the Australian Securities Exchange (ASX) has cleared its first OTC derivatives transaction on…

SIX releases collateral management survey results of managers in the UK, France and Germany

September 18, 2013

SIX

Post-trade services provider SIX Securities Services today launches a new study revealing current attitudes to collateral management. ‘Collateral Management: How Collateral Values Can Prevent The Next Crisis’ highlights the views…

FTSE Global Markets: SL-x going live soon

September 17, 2013

SL-x, a new electronic securities lending platform, is gearing up to go live in the final quarter of this year. Designed to offer automated matching, negotiated trades and CCP access…

Omgeo Announces 17 Percent Growth of Omgeo CTM Community in 2013

September 16, 2013

Multi-year project to migrate customers to central matching capabilities of Omgeo CTM completes successfully New York/Boston/London/Hong Kong/Singapore — 16 September 2013 — Omgeo, the global standard for institutional post-trade efficiency,…

Olivetree selects Markit for securities finance data

September 16, 2013

Reported by Securities Lending Times: Olivetree Financial Group and Markit will provide their joint customers with securities lending data through Olivetree’s OTAS platform. OTAS provides equity analytics and trading indicators…

Calypso Technology Opens Office in Dubai

September 16, 2013

San Francisco, September 16, 2013 — Calypso Technology, Inc., the leading integrated capital markets platform provider, announced that they have opened an office in Dubai, United Arab Emirates. This expansion…

Clearstream GSF up 1% in August year over year

September 16, 2013

In August 2013, the value of assets under custody held on behalf of customers registered an increase of 4 percent to EUR 11.6 trillion (compared to EUR 11.2 trillion in…

ESMA short selling ban powers seen as illegitimate

September 13, 2013

Court of Justice of the European Union, ESMA

Court of Justice of the European Union Advocate General Jääskinen considers that Article 28 of the Short Selling Regulation should be annulled. The emergency powers granted by that article to…

Reuters: Italian banks may face funding challenge after LCH rule change

September 13, 2013

British clearing house LCH.Clearnet has dropped a guarantee on Italian government bonds’ repo transactions, potentially hurting an important funding channel for Italian banks while many still grapple with capital shortfalls.…

Singapore Exchange and Clearstream to launch collateral management service

September 12, 2013

Clearstream, Singapore Exchange

SGX and Clearstream have signed a Letter of Intent to explore the launch of a collateral management service which enables customers to more easily and efficiently use assets held at…

Dubai Commodities Clearing Corporation joins Euroclear's Collateral Highway

September 11, 2013

Dubai Commodities Clearing Corp, Euroclear

As reported by FTSE Global Markets: Scheduled for full operation in early 2014, the deal with Euroclear will enable clients of DCCC and DGCX to use CCP-eligible securities held in…

AcadiaSoft partners with IBM Algo Collateral

September 11, 2013

Norwell, MA – September 10, 2013 – AcadiaSoft, Inc (“AcadiaSoft”), is pleased to announce connectivity between its electronic messaging solution, MarginSphere®, and IBM ® Algo Collateral ® providing full two…

BNY Mellon selected by NASDAQ OMX as settlement bank for CCP clearing

September 11, 2013

BNY Mellon, NASDAQ OMX

BNY Mellon, the global leader in investment management and investment services, has been selected by NASDAQ OMX as one of its settlement banks for its central counterparty (CCP) clearing service…

Lombard Risk upgrades COLLINE

September 10, 2013

London, UK – 10 August 2013: Lombard Risk Management plc (Lombard Risk), a leading provider of integrated collateral management, regulatory compliance and reporting solutions for the financial services industry, announces…

Reuters: ECB will accept more ABS as collateral

September 10, 2013

European Central Bank

ECB says could offer leniency in ABS loan reporting FRANKFURT, Sept 9 | Mon Sep 9, 2013 4:00am EDT (Reuters) – The European Central Bank said on Monday it could…

Commerzbank and Clearstream launch TradeCycle for OTC derivatives

September 10, 2013

Clearstream, Commerzbank