J.P. Morgan offers greater access in Oz
01 December 2010 Sydney
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J.P. Morgan has launched Australia's first tri-party securities lending transaction in a move that is expected to give superannuation funds greater access to the securities lending market.
Tri-party securities collateral management will allow more lenders to accept non-cash collateral against securities or cash lent.
The system has been built to suit the specific requirements of institutions in Australia and New Zealand, said Jane Perry, chief executive officer for J.P. Morgan Treasury & Â鶹´«Ã½ Services for the two countries.
We believe our offering will assist Australian firms in efficiently collateralising exposures in line with overseas practice," she added.
Tri-party securities collateral management will allow more lenders to accept non-cash collateral against securities or cash lent.
The system has been built to suit the specific requirements of institutions in Australia and New Zealand, said Jane Perry, chief executive officer for J.P. Morgan Treasury & Â鶹´«Ã½ Services for the two countries.
We believe our offering will assist Australian firms in efficiently collateralising exposures in line with overseas practice," she added.
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