LCH.Clearnet broadens range of collateral
19 April 2012 London
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LCH.Clearnet will accept Ginnie Mae mortgage-backed securities in an effort to widen their existing collateral range.
LCH.Clearnet鈥檚 recently established a Collateral and Liquidity Management (CaLM) service, with the aim of offering efficient, centralised collateral management services to clients.
Approximately $260 billion of these securities will be eligible to be pledged as initial margin.
鈥淲e consider Ginnie Mae mortgage-backed securities among the most secure investments in the global capital market, and we鈥檙e pleased to be able to offer clients as much flexibility as possible to meet their margin requirements,鈥� said Andrew Howat, Head of Collateral and Liquidity Management at LCH.Clearnet.
鈥淭his addition to our range of acceptable collateral reinforces our strategy to maintain the highest standards of risk management, whilst demonstrating our ongoing commitment to developing our business offering, both in the US, and for our buy side clients.鈥�
LCH.Clearnet鈥檚 recently established a Collateral and Liquidity Management (CaLM) service, with the aim of offering efficient, centralised collateral management services to clients.
Approximately $260 billion of these securities will be eligible to be pledged as initial margin.
鈥淲e consider Ginnie Mae mortgage-backed securities among the most secure investments in the global capital market, and we鈥檙e pleased to be able to offer clients as much flexibility as possible to meet their margin requirements,鈥� said Andrew Howat, Head of Collateral and Liquidity Management at LCH.Clearnet.
鈥淭his addition to our range of acceptable collateral reinforces our strategy to maintain the highest standards of risk management, whilst demonstrating our ongoing commitment to developing our business offering, both in the US, and for our buy side clients.鈥�
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