The Hong Kong-based international bank executed the repo trade with The Bank of East Asia, with digital native green bonds issued by the Hong Kong government used as collateral to secure the transaction against transfer of HKD liquidity
Seibold brings more than 30 years of industry experience to the role, where he previously held senior positions across financial services, data, trading and post-trade platforms
The announcement builds on the existing partnership between the organisations, with the central counterparty already using Euroclear Bank as an eligible securities settlement location
According to the Association, adding BCI “completes the representation from the largest pension plans in Canada”, a group informally known as the Maple 8