US triparty repo collateral drops $68 billion 31 October 2013New York Reporter: Georgina Lavers
Image: Shutterstock
The New York Federal Reserve bank released its monthly triparty repo data for the US for September, which revealed a decrease among most asset classes.
As of 9 September 2013, total collateral in the US triparty repo market decreased by $68 billion, a decrease of 0.4 percent.
“The amount of collateral decreased for almost every asset class, with corporates non investment grade leading the decrease by $1.5 billion, or 8.6 percent,” said Todd Zerega and Cátia Kossovsky from law firm Reed Smith.
“Haircuts remained relatively stable, with the median haircut remaining constant for all collateral types in September.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Securities Finance Times
Image: Shutterstock 