21 September 2017
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
Citi and CME Clearing launch collateral DLT platform
18 December 2017 | New York | Reporter: Zsuzsa Szabo
The blockchain software aims to reduce margin cost
South Africa extends code of conduct consultation deadline
18 December 2017 | Pretoria | Reporter: Jenna Lomax
The Registrar of Securities Services has proposed a new code of conduct for a renewed deadline for comment
Dubai Financial Market launches short selling
18 December 2017 | Abu Dhabi | Reporter: Jenna Lomax
Dubai Financial Market has launched a regulated short selling service after gaining approval by the Securities and Commodities Authority
J.P. Morgan and Citi collaborate on truePTS post-trade platform
15 December 2017 | New York | Reporter: Zsuzsa Szabo
The New-York-based startup processes ecosystem for the global $700 trillion derivatives market
SIFMA: US market requires improved CCP access
15 December 2017 | Washington DC | Reporter: Jenna Lomax
The Dodd-Frank Act has increased the need for US firms to have access to non US swaps trading venues and central counterparties, according to paper by FIA and SIFMA
France raises spectre of European financial transactions tax
15 December 2017 | Paris | Reporter: Jenna Lomax
French President Emmanuel Macron and several ministers have dismissed concerns over the negative effect of an EU financial transactions tax on securities lending revenue
Vekaria exits Credit Suisse
14 December 2017 | Dublin | Reporter: Zsuzsa Szabo
Head of Credit Suisse's Dublin branch Manish Vekaria has left the bank