Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. GPFA targets membership growth
Industry news

GPFA targets membership growth


01 September 2020 Ontario
Reporter: Drew Nicol

Generic business image for news article
Image: mythja/Adobe.com
The newly-formed alliance of beneficial owners seeking lend and borrow assets directly, known as the Global Peer Financing Association (GPFA), says it has “received a significant number of enquiries” from other asset owners wishing to join.

GPFA was launched by four North American pension funds in July with the aim of promoting the use of peer-to-peer trading, which the group says is an “underutilised tool” for beneficial owners involved in securities lending.

The California Public Employees' Retirement System (CalPERS), the Healthcare of Ontario Pension Plan (HOOPP), the Ohio Public Employees Retirement System (OPERS), and the State of Wisconsin Investment Board (SWIB) came together to create the non-profit association alongside sponsorship from eSecLending, Osler, Hoskin & Harcourt and Credit Benchmark.

In a blog post, GPFA chair Robert Goobie, who also serves as assistant vice president collateral management, fixed income and derivatives at HOOPP, says: “It is clear that there is enthusiasm for this project and we are excited and energised by the positive feedback we have received from our pension fund peers, as well as from other market participants such as sovereign wealth funds, insurance companies, mutual funds, asset managers, other market associations, hedge funds, technology companies, custodian banks and broker dealers.”

He continues: “In this very low-yield environment and volatile market, the need for collaboration and information sharing to generate alternative sources of alpha and liquidity has never been more necessary.”

The association acknowledges that many of its potential members are “at a different stage of development” when it comes to peer-to-peer trading, but says it stands ready to assist firms in developing this aspect of their securities finance business.

“This will require a robust conversation amongst all stakeholders, from lenders to borrowers and potentially administrative partners,” Goobie explains. “We are interested in establishing partnerships with other likeminded individuals or associations from all areas of the market.”
← Previous industry article

OCC securities lending volume dips in August
Next industry article →

Exclusive: Introducing Raising Castle
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
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ eSecLending

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Custodian
→ Hedge
→ Liquidity
→ Yield

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →