BNY Global Collateral Platform goes live in the Philippines
25 March 2025 Philippines
Image: a_medvedkov/stock.adobe.com
The BNY Global Collateral Platform has now gone live in the Philippines, the company has confirmed.
Both local and international market participants can finance their Philippine inventory, including equities and fixed income, under standard pledge or title transfer arrangements.
Alexander Mount, product owner at Global Collateral, BNY, comments: “This further strengthens our offerings in APAC in addition to Taiwan, Indonesia, Malaysia, and Korea launched in recent years.”
This development is in response to emerging trends in funding and collateral markets, such as increased interest in a broader array of markets across APAC, according to Gesa Johanssen, executive platform owner at Global Collateral, BNY.
He adds: “Access to the Philippine market will enable clients to further diversify their asset financing pool and benefit from seasonal funding activities, providing growth opportunities and optionality for the underlying desks.”
Moreover, BNY says the product will help to support clients with the anticipated increase in SBL activity associated with the recent transaction tax reduction.
Both local and international market participants can finance their Philippine inventory, including equities and fixed income, under standard pledge or title transfer arrangements.
Alexander Mount, product owner at Global Collateral, BNY, comments: “This further strengthens our offerings in APAC in addition to Taiwan, Indonesia, Malaysia, and Korea launched in recent years.”
This development is in response to emerging trends in funding and collateral markets, such as increased interest in a broader array of markets across APAC, according to Gesa Johanssen, executive platform owner at Global Collateral, BNY.
He adds: “Access to the Philippine market will enable clients to further diversify their asset financing pool and benefit from seasonal funding activities, providing growth opportunities and optionality for the underlying desks.”
Moreover, BNY says the product will help to support clients with the anticipated increase in SBL activity associated with the recent transaction tax reduction.
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