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SSS appoints Andrew Leone as managing director
13 September 2021 US
Reporter: Carmella Haswell

South Street Securities (SSS) announces the hire of Andrew Leone, the firm’s managing director of equities finance

Clearstream sees volume boost for August
10 September 2021 Luxembourg
Reporter: Jenna Lomax

Clearstream’s monthly figures for August 2021 show its global securities financing business generated a 4 per cent YoY rise in volume outstanding to €552.3 billion

CloudMargin readies its clients for UMR Phases 5 and 6
10 September 2021 UK
Reporter: Jenna Lomax

CloudMargin is assisting clients whose firms have just fallen under the scope of Uncleared Margin Rules Phase 5

Laura Klimpel discusses DTCC’s proposed clearing service for SFTs
09 September 2021 US
Reporter: Maddie Saghir

“Settlements would be allowed to pair off daily against new activity, with NSCC calculating and processing price differential payment amounts that are created by the daily pair off and processed through DTCC,” says Laura Klimpel

Acadia onboard over 300 Phase 5 Initial Margin firms
09 September 2021 US
Reporter: Carmella Haswell

Over 300 of an estimated 330 counterparty groups, covered by Phase 5 of the Initial Margin (IM) rollout under the Uncleared Margin Rules (UMR), have been successfully onboarding to AcadiaPlus

FinOptSys hires Elizabeth Rotem
09 September 2021 US
Reporter: Carmella Haswell

Elizabeth Rotem is appointed director of business development and will not only lead FinOptSys new product development, but also aid in global sales, strategy and the expansion efforts of the firm

Securities lending associations establish working group for global collaboration
09 September 2021 Global
Reporter: Bob Currie

All recognised securities lending associations, and other financial market associations with an interest in securities lending, are welcome to join the group, which will convene quarterly through virtual meetings

RBL Bank chooses Adenza’s Calypso Treasury solution for repo operations
08 September 2021 India
Reporter: Jenna Lomax

RBL Bank, the India-based private sector bank, has chosen the Calypso Treasury solution for its repo operations, FX, fixed income, money market, equity and mutual funds

ISLA releases adoption guide for its Clause Library and Taxonomy
08 September 2021 UK
Reporter: Bob Currie

The International Securities Lending Association (ISLA) will be launching its ISLA Clause Library and Taxonomy during September. Today, it has published a step-by-step guide of how firms can integrate this into their daily working practices

David Brown joins Margin Reform
08 September 2021 UK
Reporter: Maddie Saghir

Brown will cultivate and deepen relations with existing clients and develop new relationships in the collateral, legal and margin domains across derivatives, repo and securities lending

DTCC’s FICC launches sponsored GC service
07 September 2021 US
Reporter: Bob Currie

Initial trades on FICC’s sponsored GC service executed by Federated Hermes, BNY Mellon and J.P. Morgan Securities, enabling centrally cleared repo transactions to settle on BNY Mellon's tri-party platform

Global PSSL launch revised principles with 17 opening signatories
07 September 2021 UK
Reporter: Carmella Haswell

Global PSSL has launched its revised and updated principles on sustainable securities lending, which have 17 opening signatories