21 September 2017
Johannesburg
Reporter: Drew Nicol

Pirum joins South African securities lending association


Pirum Systems has joined the South African Securities Lending Association (SASLA).

In a statement on the new membership, Pirum said: “Pirum is delighted to be able to confirm our membership of SALSA.”

“We recognise that connectivity and global reach are key to our customers. We continually strive to enhance our established global footprint and support new markets as they develop.”

SALSA is chaired by Juanita Taylor, head of securities lending for Standard Bank of South Africa, who presides over an 10-strong executive committee of representatives of the South African.

The association currently boasts more than 30 members including the Johannesburg Stock Exchange, HSBC and J.P. Morgan.

SASLA’s mandate outlines its aims to promoting the concept and understanding of securities lending and borrowing to the public at large, SASLA focuses itself on many detailed aspects of the product throughout Southern Africa.

Members are able to contribute to any of SASLA’s working groups assessing specific issues in the market, and have prior access to any information prior to it appearing in the public domain.

SASLA also works in partnership with the International Securities Lending Association based in London.

Commenting on Pirum's membership, Taylor said: "SASLA welcomes the experience and product knowledge that an international service provider, like Pirum, will bring to the association."

"SASLA currently has over 30 members consisting of service providers, banks, financial institutions, brokers, fund managers and other market participants."

"As such, we are always excited at the prospect of expanding our knowledge and expertise when high calibre members, such as Pirum, join the association."

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
EU commission lays down the law on MiFID II compliance
19 October 2017 | Brussels | Reporter: Jenna Lomax
As many as 19 infringing member states include Belgium, Malta, France, Greece, Luxembourg, Netherlands, Portugal, Spain and Sweden as facing the commission’s wrath
Margin rules depress derivative contract terms, survey finds
19 October 2017 | Brussels | Reporter: Jenna Lomax
Respondents to the commission’s quarterly survey on EU securities financing market liquidity cited the implementation of European Market Infrastructure Regulation (EMIR) margin requirements for non-cleared OTC derivative contracts as the main driv
AAOI and Euronav top FIS hot stocks lists
18 October 2017 | London | Reporter: Jenna Lomax
The Belgium-based operator of crude oil tankers and storage facilities, has been a regular feature on the list in the last month
LCH migrates to new Swiss reference rate
18 October 2017 | Zurich | Reporter: Jenna Lomax
Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank are due to be among the first financial services to clear using the new rate from December 2017
Broadridge completes blockchain bilateral repo pilot
18 October 2017 | New York | Reporter: Drew Nicol
The pilot, conducted in partnership with Natixis and Societe Generale, utilises distributed ledger technology in order to make complex processes “more secure, transparent and efficient”
Repo steps back from the brink
18 October 2017 | London | Reporter: Drew Nicol
The European repo market may be recovering from the severe lack of liquidity experienced at year end 2016, according the International Capital Market Association
Tradeweb launches first electronic swaption trade on TW SEF
17 October 2017 | New York | Reporter: Jenna Lomax
The trade, which was executed by asset management firm, Garda Capital, and processed through MarketWire, officially marked the launch of swaptions trading on the TW SEF