The trade was executed on the Stellar network, using USDM1 as collateral through Ascend’s institutional credit facility and priced at SOFR plus 10 basis points
20 October 2026Saudi Arabia Reporter: Theodore Law
The enhancements follow Muqassa’s move to extend its operating hours from 09:00 to 15:55, giving market participants a wider window to execute and manage repo transactions
As demand for balance sheet optimisation and cleared market access continues to grow, Guaranteed Sponsored Clearing provides an innovative pathway to the benefits of repo clearing, the firm says
By utilising HSBC’s clearing services, buy side firms can access a network that provides financing and cash investment capabilities across more than 14,000 eligible securities
By collaborating with Eurex and Clearstream, the bank provides an infrastructure designed to help financial institutions manage liquidity, borrow cash, and lend cash