A form of short-term borrowing for dealers in government securities, where the dealer sells the government securities to investors, usually on an overnight basis, and buys them back the following day.
With the trade completed in December, Elliot Waxman, head of cross-product business development at GLMX, says it is an important milestone for the market and the firm’s clients
The group has outlined its counterparty risk-dependent stance on tokenised collateral, preferring systemically important institutions to third or fourth-tier banks
The integration allows institutional clients to streamline operations through automated settlement and real-time reporting while enhancing visibility with integrated position reporting across multiple currencies and counterparties
The report warns that leverage, demand and supply imbalances, as well as high levels of concentration within repo markets, have the potential to create strains