US triparty repo collateral drops $68 billion
31 October 2013 New York
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.”
The statistics are available here.
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.”
The statistics are available here.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
