JPMorgan’s Clearance group has launched its US Equity Tri-Party Repo service as part of its collateral management product suite. Investors seeking more attractive returns and reduced risk from counterparty insolvencies on short-term cash investments increasingly use sale and repurchase transactions, known as “repos”. In a repo agreement, a dealer sells securities to a customer while simultaneously agreeing to repurchase them at a future date and pre-determined price. JPMorgan serves as the intermediary agent to both the cash provider (the buyer) and the cash borrower (the seller). JPMorgan’s US Equity Tri-Party Repo service will be enhanced to incorporate the best elements of the European and US platform’s functionalities, the bank said. “We are excited to offer JPMorgan’s Equity Tri-Party Repo service to provide an integrated, market-leading collateral management service to buyers and sellers, and our group is specifically dedicated to servicing these confidential lender/borrower relationships,” said Ed Corral, senior vice president of JPMorgan’s US Clearance group.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more