Triparty Required Value

Transcend Secures Investment from Citi to Accelerate Global Deployment of Enterprise-wide Inventory Optimization Solutions

Retrieved on: 
Wednesday, November 15, 2023
MIT Blackjack Team, Growth, Citigroup, Security (finance), Cryptocurrency, Triparty Required Value, Transcend

NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Transcend, a leading provider of liquidity, funding, and collateral optimization solutions, welcomes Citi as their latest investor.

Key Points: 
  • NEW YORK, Nov. 15, 2023 /PRNewswire/ -- Transcend, a leading provider of liquidity, funding, and collateral optimization solutions, welcomes Citi as their latest investor.
  • Citi's funding will continue to support Transcend's global roll-out of its solutions including its groundbreaking optimization technology.
  • Citi is the third global bank to invest in Transcend, which was formed in 2013 by Bimal Kadikar, along with other institutional investors.
  • "Transcend is excited to welcome Citi as an investor and a client," said Bimal Kadikar, Founder and CEO of Transcend.

GLMX and LCH SA Complete Integration to Provide Access to Sponsored Clearing for European Repo

Retrieved on: 
Wednesday, November 1, 2023
LCH SA, Classic, LCH, Partnership, Financial services, Security (finance), Euro, Triparty Required Value

GLMX, founded in 2010, is the global leader for dealer to buy-side securities finance trading with more than $1.7 trillion in daily balances.

Key Points: 
  • GLMX, founded in 2010, is the global leader for dealer to buy-side securities finance trading with more than $1.7 trillion in daily balances.
  • "Central clearing reduces capital costs, mitigates credit risk and generates liquidity, which are essential characteristics for securities finance participants.
  • The importance of central clearing will continue to grow in light of the current global regulatory landscape," said GLMX CEO, Glenn Havlicek.
  • "Our connection to LCH SA's powerful central clearing capability is an important step as GLMX establishes itself as the nexus of deep liquidity pools for our rapidly growing European buy- and sell-side network."

BNY Mellon and Euroclear Reveal True Extent of Fragmentation in the Collateral Marketplace

Retrieved on: 
Wednesday, November 10, 2021
Newsroom, Efficiency, BK, T+1, Industry, CEO, BNY Mellon, Investment, Collateral management, Twitter, NYSE, PricewaterhouseCoopers, Triparty Required Value, Bank, Security (finance)

The paper, Bridging the Collateral Divide , shares for the first time an analysis of the collateral businesses of the world's two largest collateral infrastructure providers.

Key Points: 
  • The paper, Bridging the Collateral Divide , shares for the first time an analysis of the collateral businesses of the world's two largest collateral infrastructure providers.
  • The analysis sheds light on a number of issues in the collateral marketplace that have long been suspected but not empirically verified until now.
  • Among the standout observations:
    BNY Mellon and Euroclear had numerous collateral provider clients in common.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

Hazeltree Helps its Phase 5 and 6 UMR Clients to Get “Regulation Ready”

Retrieved on: 
Thursday, September 23, 2021
Triparty Required Value, Distinction, Compliance, OTC, AANA, Product management, A Comprehensive Guide to Moderne Rebellion, Treasury, Industry, UMR, GLOBE, Security (finance)

Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.

Key Points: 
  • Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.
  • Phase 5 of UMR was the largest to date; Phase 6 is expected to be even larger, covering firms with AANA over $8 billion.
  • Hazeltree recently released Hazeltree AANA Estimator that allows clients to monitor their AANA on a daily basis and prepare for potential compliance with the complicated rules around UMR.
  • As our Phase 5 clients experienced, complying with UMR is a long process, and requires preparation, said Sameer Shalaby, Hazeltrees President and Chief Executive Officer.

Hazeltree Helps its Phase 5 and 6 UMR Clients to Get “Regulation Ready”

Retrieved on: 
Thursday, September 23, 2021
Triparty Required Value, Distinction, Compliance, OTC, AANA, Product management, A Comprehensive Guide to Moderne Rebellion, Treasury, Industry, UMR, GLOBE, Security (finance)

Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.

Key Points: 
  • Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.
  • Phase 5 of UMR was the largest to date; Phase 6 is expected to be even larger, covering firms with AANA over $8 billion.
  • Hazeltree recently released Hazeltree AANA Estimator that allows clients to monitor their AANA on a daily basis and prepare for potential compliance with the complicated rules around UMR.
  • As our Phase 5 clients experienced, complying with UMR is a long process, and requires preparation, said Sameer Shalaby, Hazeltrees President and Chief Executive Officer.

Hazeltree Helps its Phase 5 and 6 UMR Clients to Get “Regulation Ready”

Retrieved on: 
Thursday, September 23, 2021
Triparty Required Value, Distinction, Compliance, OTC, AANA, Product management, A Comprehensive Guide to Moderne Rebellion, Treasury, Industry, UMR, GLOBE, Security (finance)

Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.

Key Points: 
  • Phased in over several years, the UMR regulation started with Phase 1 in 2016 and will wrap up with Phase 6 in September 2022.
  • Phase 5 of UMR was the largest to date; Phase 6 is expected to be even larger, covering firms with AANA over $8 billion.
  • Hazeltree recently released Hazeltree AANA Estimator that allows clients to monitor their AANA on a daily basis and prepare for potential compliance with the complicated rules around UMR.
  • As our Phase 5 clients experienced, complying with UMR is a long process, and requires preparation, said Sameer Shalaby, Hazeltrees President and Chief Executive Officer.

Welcome to the Tri "Party": Broadridge Launches Sponsored General Collateral Service

Retrieved on: 
Friday, September 10, 2021

The Broadridge functionality expands the current fixed incomefootprint developed for the FICC's Sponsored Service which began with Sponsored Repo in 2018.

Key Points: 
  • The Broadridge functionality expands the current fixed incomefootprint developed for the FICC's Sponsored Service which began with Sponsored Repo in 2018.
  • "Sponsored GC represents a fantastic opportunity to expand our post-trade capabilities into new asset classes," said Vijay Mayadas, President of Capital Markets at Broadridge.
  • The Sponsored GC Service expands the arsenal of instruments available under sponsored programs with keen interest from firms that are cash providers and with holdings in MBS, which are now eligible with sponsored GC expansion.
  • Sponsored Repo saw strong growth across a diverse list of Broadridge clients as far back as 2018, both globally and regionally.

BNY Mellon First Bank to Add Agency MBS Cleared Repo to Sponsored Member Program

Retrieved on: 
Tuesday, September 7, 2021

"BNY Mellon has been a market leader in developing US Treasury-backed sponsored cleared repo, so it is fitting that we are one of the first sponsors to offer GC cleared repo to clients via FICC's Sponsored GC Service," says Mark Haas, Head of Principal Securities Finance at BNY Mellon.

Key Points: 
  • "BNY Mellon has been a market leader in developing US Treasury-backed sponsored cleared repo, so it is fitting that we are one of the first sponsors to offer GC cleared repo to clients via FICC's Sponsored GC Service," says Mark Haas, Head of Principal Securities Finance at BNY Mellon.
  • "Agency MBS is one of the largest fixed-income asset classes in the world, so bringing these securities into the realm of cleared repo is yet another significant enhancement to our sponsored member program, following previous refinements such as dynamic margining, term and forward-settling repo and the ability to access cleared repo via our market-leading LiquidityDirect portal."
  • Beyond its role as a sponsor, BNY Mellon will also provide the underlying clearance infrastructure for the new FICC Sponsored GC Service.
  • Since BNY Mellon launched its sponsored member program at FICC in June 2017, the sponsored cleared repo market has gone from strength to strength.

BNY Mellon Triparty Now Accepts Chinese Bonds as Collateral

Retrieved on: 
Tuesday, April 13, 2021
Finance, Money, Economy, Financial markets, BNY Mellon, Brokerage firms, Broker-dealer, Mellon, Collateral management, Triparty Required Value, Pirum

Further, the platform is entirely custody agnostic meaning that clients are able to utilize BNY Mellon as triparty agent without custodying assets at the firm.\nIn the first trade, which printed last week, a broker-dealer client was able to collateralize Chinese government securities through BNY Mellon\'s triparty solution.

Key Points: 
  • Further, the platform is entirely custody agnostic meaning that clients are able to utilize BNY Mellon as triparty agent without custodying assets at the firm.\nIn the first trade, which printed last week, a broker-dealer client was able to collateralize Chinese government securities through BNY Mellon\'s triparty solution.
  • Under the transaction, BNY Mellon accessed the client\'s bonds, which were under custody at HSBC, and reflected the assets in BNY Mellon triparty, enabling the client to use the collateral for financing and other purposes.\n"Enabling clients to collateralize Chinese bonds through triparty is a service that has the potential to revolutionize the global collateral landscape," says Natalie Wallder, Asia Pacific Head of Clearance & Collateral Management at BNY Mellon.
  • Having the ability to utilize Chinese stocks, and now bonds, as collateral promises to be transformative for clients.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

BNY Mellon Announces Redemption of 2.050% Senior Notes Due 2021

Retrieved on: 
Tuesday, March 23, 2021
BNY Mellon, Economy of New York City, Mellon Financial, Mellon, Companies, Finance, Triparty Required Value

NEW YORK, March 23, 2021 /PRNewswire/ --The Bank of New York Mellon Corporation ("BNY Mellon") today announced that it will redeem all of the issued and outstanding 2.050% Senior Notes due May 3, 2021 (CUSIP 06406FAB9) (the "Notes").

Key Points: 
  • NEW YORK, March 23, 2021 /PRNewswire/ --The Bank of New York Mellon Corporation ("BNY Mellon") today announced that it will redeem all of the issued and outstanding 2.050% Senior Notes due May 3, 2021 (CUSIP 06406FAB9) (the "Notes").
  • The redemption date for the Notes is April 3, 2021 (the "redemption date").
  • The redemption price for the Notes will equal 100% of the principal amount of the Notes plus any accrued and unpaid interest thereon to, but excluding, the redemption date.
  • BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).