ADB outsources derivatives collateral management to ABN Amro
The Asian Development Bank (ADB) has outsourced its derivatives collateral management activities to ABN Amro. In addition, ABN Amro Mellon Global Securities Services will act as global custodian for all ADB's collateral securities.
“Collateral management is important for managing the counterparty risk in the bank’s derivatives portfolio,” said Juan Limandibrata, assistant treasurer and head of funding at ADB. “The decision to outsource is based on an analysis of the incremental resources required internally versus the cost and flexibility of outsourcing," he added. "ABN Amro has enabled ADB to implement an effective collateral programme.”
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