In partnership with Citigroup
Citi explores the key challenges and strategies available in the market for optimal collateral management with respect to costs arising from technology and human capital needs.
Tag : collateral management
The use of collateral in securities lending programmes is shifting from cash to reverse repurchase agreements.
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The global move towards central clearing, and the posting of margin on uncleared OTC derivatives, sees asset managers increasingly looking to outsource collateral management.
The supply of securities is now healthy, particularly in equities, but demand to borrow them remains relatively weak, says the bank’s global head of financing and markets products.
Company veteran Michael Schroeder has relocated from New York to take up the post.
Asset managers are also increasingly seeking derivatives-processing services, according to HSBC and JP Morgan.
Mike Brager, COO at State Street Global Services in Hong Kong, is overseeing a new office in Sydney for collateral management and derivatives processing.
Collateral management head Karl Wyborn says the transaction is a breakthrough that changes the game in Japan.
BNY Mellon adds David Brown to its broker-dealer sales team for collateral management and securities clearance.
Sandie OÆConnor of JP Morgan is positive on the prospects for collateral management, securities lending and transition management, despite a third-quarter drop in revenue for the bank's worldwide securities services unit.
TaiwanÆs GreTai Securities Market appoints JP Morgan as sole clearer for foreign government bonds.