15 June 2017
London
Reporter: Drew Nicol

SIX adds US equity and fixed income to CO:RE


SIX Securities Services has added US equities and fixed income treasuries to the list of available securities for its repo triparty platform.

“There has been increasing interest for US securities that have been building up in the vaults of Europe-based banks and financial institutions to be made available for financing purpose,” SIX explained.

SIX enables securities to be financed cross-currency or same-currency as it offers 14 denominations for repo transactions, including CHF, USD, EUR and GBP.

The US equity baskets will enhance SIX Repo’s ‘repo on demand’ service, enabling the financing of any combination of tailored baskets.

Ueli von Burg, head cash and collateral trading and management at Zürcher Kantonalbank, said: ”We welcome the wider range of the accepted collateral universe on the SIX trading and triparty platform. This is another push into the right direction that adds value to market participants and will generally enhance market liquidity.”

Nerin Demir, head SIX Repo, said: The need to provide a broader range of collateral for refinancing on the CO:RE trading platform already plays an important international role in the interbank market and naturally we want to meet the needs of our clients with this product basket expansion and enhancement.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
NEX Regulatory Reporting made trade repository under EMIR
24 November 2017 | London | Reporter: Jenna Lomax
The trade repository, which will be based in Stockholm, Sweden, will prepare NEX for its trade operations post Brexit
Al Ramz Capital gains short selling licence
24 November 2017 | Abu Dhabi | Reporter: Jenna Lomax
Al Ramz Capital is one of the first investment providers to offer short-selling in the UAE
BNP Paribas bolsters its senior agency lending roster
24 November 2017 | London | Reporter: Drew Nicol
Adnan Hussain moved from RBC to take up a role as global head of agency lending and head of market and financing services in the UK for BNP Paribas
Hedge funds continue 2017 run
23 November 2017 | Madrid | Reporter: Drew Nicol
Global AUM of hedge funds rose 24 percent to $3.2 trillion in the past two years, according to data captured by IOSCO’s latest market survey.
Goldman Sachs appointed by Thrivent for agent lending
23 November 2018 | Minneapolis | Reporter: Jenna Lomax
Thrivent Financial has appointed Goldman Sachs as it new lending agent
ICMA maps repo and cash bond operations
22 November 2017 | Zurich | Reporter: Zsuzsa Szabo
ICMA has launched a free-to-read mapping directory for more than 80 technology solutions for repo and cash bond operations
FCA publishes MiFID II guide
22 November 2017 | London | Reporter: Jenna Lomax
The guide focuses on the regulatory regime in MiFID II for trading venues and data reporting services providers