Glossary | Securities Finance Times

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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
BrokerTec reports 16% YoY rise in US repo ADNV for November

Both the US election and the Bank of England’s rate cuts were key drivers for the month’s US and EU repo figures

Regulation
ECB phases out crisis-era measures for Eurosystem collateral framework

Certain temporary asset types will no longer qualify as eligible collateral, while new asset types will be added to the general collateral framework

People moves
BNP Paribas selects Geggus to head Triparty Collateral Services

Andrew Geggus will take on the role in addition to his current position as global head of Agency Securities Lending

Regulation
FSCA licences Strate as trade repository

South Africa’s central securities depository and central collateral platform can now collect and maintain records of trades

Technology
BNY introduces CollateralOne for buy side offering

By connecting its LendingLite service with the CollateralOne for buy side platform, BNY aims to help clients generate incremental revenue from lending

Industry
CFTC recommends expansion of non-cash collateral through DLT

The recommendation, providing a legal and regulatory framework for market participants, was approved without objection

Industry
Cboe Clear Europe secures regulatory approval to launch SFT clearing

The pan-European clearing house is set to introduce a “first-of-its-kind” service for European SFT transactions in cash equities and ETFs

Industry
Northern Trust launches collateral management solution with CloudMargin

The solution is designed to help institutional investors manage their collateral more efficiently while meeting the demands of continual market change