US triparty repo collateral drops $68 billion
31 October 2013 New York
Image: Shutterstock
The New York Federal Reserve bank released its monthly triparty repo data for the US for September, which revealed a decrease among most asset classes.
As of 9 September 2013, total collateral in the US triparty repo market decreased by $68 billion, a decrease of 0.4 percent.
鈥淭he amount of collateral decreased for almost every asset class, with corporates non investment grade leading the decrease by $1.5 billion, or 8.6 percent,鈥� said Todd Zerega and C谩tia Kossovsky from law firm Reed Smith.
鈥淗aircuts remained relatively stable, with the median haircut remaining constant for all collateral types in September.鈥�
The statistics are available .
As of 9 September 2013, total collateral in the US triparty repo market decreased by $68 billion, a decrease of 0.4 percent.
鈥淭he amount of collateral decreased for almost every asset class, with corporates non investment grade leading the decrease by $1.5 billion, or 8.6 percent,鈥� said Todd Zerega and C谩tia Kossovsky from law firm Reed Smith.
鈥淗aircuts remained relatively stable, with the median haircut remaining constant for all collateral types in September.鈥�
The statistics are available .
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