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 repo 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
Russian repo on the up, and down
02 February 2018 | Moscow | Reporter: Brian Bollen
Russia’s National Settlement Depository's 2017 annual results show a 12 percent increase in the value of repo transactions which the Federal Treasury performed using the NSD’s CMS, compared with the previous year.
Oxygen to launch repo trading platform
30 January 2018 | London | Reporter: Jenna Lomax
Oxygen’s repo platform will provide holders of crypto assets opportunities to earn income, raise liquidity and make investment decisions across cryptocurrencies
GLMX injects $20 million in its repo marketplace
25 January 2018 | New York | Reporter: Zsuzsa Szabo
GLMX has raised $20 million in growth equity financing and redesigned its repo and securities lending operations
Broadridge introduces repo trading tool
25 January 2018 | London | Reporter: Zsuzsa Szabo
Broadridge has launched a multi-market aggregation and execution tool, aimed at targeting the repo market
New York Fed confirms repo rate compliance
22 January 2018 | New York | Reporter: Zsuzsa Szabo
An audit of the Federal Reserve Bank of New York uncovered that the effective federal funds rate and overnight bank funding rate are in compliance with principles for financial benchmarks
ICMA updates European repo guidelines
21 December 2017 | Paris | Reporter: Zsuzsa Szabo
ICMA’s IRCC has updated its guide for best practice in the European Repo Market
NSD working with Sberbank on triparty repo transactions
08 December 2017 | Moscow | Reporter: Zsuzsa Szabo
Sberbank is using the National Settlement Depository (NSD), Russia’s central securities depository (CSD), to provide collateral management services for interdealer repo transactions, backed by NSD’s triparty services