Dealers turn to Asian assets for liquidity swap trades
Dealers access JGB pools for collateral upgrade trades – with Australian and Singapore dollar deals on the horizon
Last summer, BNY Mellon began facilitating a rather unusual trade flow out of Japan. The firm was using its Japanese trust bank as a vehicle to allow offshore broker-dealers to borrow Japanese government bonds from onshore lenders for terms of up to two years in exchange for a fee and lower-grade collateral. The JGBs would then be whisked away to be used as high-quality collateral in deals elsewhere. The platform has grown from one initial broker-dealer and lender to multiple broker-dealers and
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net