A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
Based in London, Michael Summerhayes brings more than 25 years of securities lending experience, with a background spanning operations, collateral management, and trading
The testing was conducted through the CNB Lab innovation hub and covered the full issuance process, including contractual and rule changes, as well as portfolio management
The DMO says it intends to cancel any additional stock created under the operation once it is returned, although it will make a further announcement where relevant
The addition of USDM1 expands the range of assets available through Membrane's platform for collateralised financing, alongside stablecoins and tokenised fund interests
This was driven by a 28 per cent YoY rise in GC Pooling average daily TAV to €294.8 billion, and a 1 per cent YoY increase in special repo average daily TAV to €239.5 billion
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