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Glossary

Collateral

Assets pledged by a borrower to secure a loan or other credit and subject to seizure in the event of default.

Collateral News

Industry
CASLA: The role of data in securities finance has fundamentally changed

Market participants at this year’s 15th Annual Conference on Canadian Securities Lending discussed the role of data and the current performance of the market

Industry
RBC, TMX and Clearstream collaborate in triparty pledge solution

The move is seen as an important expansion of the Canadian Collateral Management Service into facilitating triparty pledge transaction in securities lending

People moves
Scotiabank welcomes Warrier

She joins from Citigroup, where she oversaw sales and capital introduction for the North American prime services division

Industry
ISLA Americas announces co-chairs for Miami conference

Taking place in Miami from 13 to 16 October, the event will be co-chaired by Morgan Stanley’s Kathleen Duggan and J.P. Morgan’s Rebecca Goldenberg

People moves
Broadridge adds Joshi as Head of Securities Finance and Collateral Management

In her new role, Tina Joshi will lead client delivery, business development, and operational management for Broadridge’s complete securities finance solution portfolio

Regulation
ECMS gets the green light for go-live

After migration is completed over the weekend, ECMS operations are expected to start on 16 June at 07:00 CET

Technology
Baton connects with FICC and NSCC

As firms are preparing for the US Treasury clearing mandate, Baton is now providing clients with direct connectivity to DTCC’s clearing houses

Repo
LSF becomes Euroclear direct member

In addition to the new membership, the Liquidity and Sustainability Facility has defined for Euroclear a standardised Africa GC triparty repo basket