Six ups range of currencies for international repo services
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Six ups range of currencies for international repo services 01 October 2012Zurich Reporter: Jenna Jones
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Six Securities Services has begun to offer international repo services for an additional five currencies, bringing its total offering to 10.
The international repo service is a real-time service that is designed to enhance market liquidity. The service allows clients to refinance their transactions, establish arbitrage services and select high quality collateral while leaving them free to choose their preferred counterparty.
The new currencies are the New Zealand dollar, the Australian dollar, the Swedish krona, the Danish krone and the Norwegian krone.
The service already offers the euro, sterling, the US and Canadian dollars, and the Japanese yen.
The CEO of Six Securities Services, Thomas Zeeb, said: “Choice and flexibility are key elements of our internationalisation strategy and it is with this in mind that we continue to expand our markets, our services and now, in the case of international repo, our range of currencies.”
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