According to the firm, this milestone is an important step towards improving collateral mobility in the Canadian repo market with full automation of repo collateral and unlimited real-time substitution
The service maintains the haircut typically posted by dealers to money market funds and other cash investors in triparty while implementing a CCP lien that is applied in lieu of both a sponsor guaranty and margin posting to the CCP
BrokerTec's overall ADNV for September was US$961 billion, up 16 per cent YoY across benchmark cash US Treasuries, European government bonds and US and EU repo
The new enhancement is designed to solve industry concerns regarding the need for enhanced margin and capital efficiency, in relation to the US Treasury clearing mandate
The Repo Foundation marks a pivotal expansion of Euronext Clearings capabilities, and introducing enhancements in margin efficiency and collateral optimisation
The total value outstanding of repos and reverse repos on the books of 61 institutions that took part in the survey hits a record high of 10,374.2 billion, a 12.8 per cent rise YoY and 7.2 per cent rise from the June 2022 survey