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BNY touts cost savings for tri-party repo trades. https://hubs.li/Q02V4fTd0 Non-subscribers can get a snapshot of Risk’s coverage. Registration is free and allows you to read two articles a month: https://hubs.li/Q02V4ghm0

Are you prepared for increased FX settlement risk? The introduction of T+1 on May 28th significantly narrows the window for FX execution, increasing the risk of missed cut-offs or failed trades. At BNY Mellon, we have the tools to help APAC and EMEA managers alleviate this potential risk: https://lnkd.in/eHqY-2wV #T1AtBNYMellon

How long would it take to decomission © Cross Asset Trading & Risk / Front Arena? It depends - it's difficult if 👇 implementation long ago balance sheet >200bn USD usage of front to back functionalities highly customized, a lot of ADFL many connected markets & brokers full asset universe PRIME version < 2020.1 traditional bank migration to a custom system 61k work days

The US Treasury and Repo Clearing Rule will bring significant changes to US Treasury market structure. Scheduled for implementation in December 2025 for cash transactions and June 2026 for repo transactions, join these #SIFMAOps sessions to stay informed on crucial industry actions and implementation plans: 💡Treasury Clearing 💡Regulatory Priorities 💡What's Next in Asset Management Operations 💡Operational Considerations for Treasury Clearing Proposal 💡Impacts of the SEC's Treasury Clearing Mandate 💡US Treasury & Repo Clearing Mandate: What Should Firms Be Doing Now? These sessions will feature expert panelists from BlackRock, Broadridge, The Depository Trust & Clearing Corporation (DTCC), Federal Reserve Bank of New York, FINRA, Goldman Sachs, J.P. Morgan Asset Management, the U.S. Securities and Exchange Commission, UBS, and more. Explore the program for more top-of-mind priorities and secure your spot to delve into the innovation drivers, risk mitigation and resiliency-building efforts for the capital markets: https://bit.ly/47fXHjL

The finger of blame is being pointed in each direction between custodians, non-US traders and settlement system CLS Group over FX cut-offs, with last minute decisions and confusion meaning some asset managers are now left facing operational challenges, pre-funding trades and balancing settlement security with best execution obligations.   https://lnkd.in/ezMmBUaC

Transparency in the trading process Trust is the key component of broker–trader relationships. One of the best ways to build and maintain trust is through transparency of the trading process. There are many ways you can achieve that, but today, we’d like to mention 2 particular tools: 1. Market-depth snapshots 2. Execution timestamps You’ll find both in the Trade Processor liquidity system. They provide a glimpse into the actual price when the order is executed, plus traders will be able to see the entire execution sequence. Having access to snapshots and timestamps is also helpful in case of disputes, making the investigation process faster and more efficient. #trading #broker #transparency

What is Collateral Management? Collateral management is the process of handling, monitoring, and optimizing collateral used to secure financial transactions, such as loans, derivatives, or securities lending. Applications: •Risk Reduction: Mitigates credit and counterparty risk. •Liquidity Management: Enhances liquidity by optimizing asset allocation. •Regulatory Compliance: Ensures adherence to capital and margin requirements. •Derivatives & Repo Markets: Supports transactions by securing exposures with collateral. Participants: 1. Financial Institutions (Banks, Brokers) 2. Asset Managers & Hedge Funds 3. Central Counterparties (CCPs) 4. Custodians & Third-party Providers #CollateralManagement #RiskControl #Finance #Liquidity #MarketOperations

Clearing firms often face challenges when managing collateral at CCPs due to fractured and outdated tools for data delivery and the processing of instructions. Baton's Core-Collateral solution offers a real-time view of exposures and obligations, helping firms make better decisions about how to use collateral efficiently across different venues. This benefits both #clearing and #treasury teams by improving liquidity management and making it easier to optimise both  cash and non-cash collateral. Read more: https://lnkd.in/gb2bRyue Want to learn more about collateral management? Join our upcoming #webinar for #Collateral Operations Stakeholders: https://lnkd.in/gFNB5SeT

In addition to EY's recent piece with SIFMA on the US Treasury and Repo Clearing mandate from the SEC, we are pleased to share some further thoughts on this transformational change to market structure. Market participants need to ensure they have a plan for maintaining market access through at least one of the multiple access models offered by The Depository Trust & Clearing Corporation (DTCC). Participants are analyzing the costs, risk, resiliency, liquidity and operational consequence of each model. The time to market for these efforts will be a challenge for the industry, we encourage all market participants to start now. #repo #fixedincome #capitalmarkets Brendan Maher, CFA Neal Ullman

We’ve created a round-up of January 2024 monthly results from across repo, securities lending and securities finance-related markets published throughout February. Because firms report a wide variety of activities and products, the results are not a straight-up comparison, rather the intent is to provide a snapshot of shifting market dynamics across industry players both broad and granular as well as a review of the state-of-play before the next set of results stream. Anna Reitman More on #finadium: https://lnkd.in/e37s3Px4