Deutsche AM cuts collateral margins
28 March 2017 Luxembourg
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Deutsche Asset Management has cut its securities lending collateral margin requirements for its db X-tracker exchange-traded funds.
Collateral margins for common stock and corporate bonds dropped from 110 percent to 105 percent for both collateral types, as of 22 March.
The new requirements only apply for transactions where BNY Mellon is acting as triparty.
In a note to clients, Deutsche Asset Management clarified that no costs related to this policy change will be borne by db X-trackers investors.
Collateral margins for common stock and corporate bonds dropped from 110 percent to 105 percent for both collateral types, as of 22 March.
The new requirements only apply for transactions where BNY Mellon is acting as triparty.
In a note to clients, Deutsche Asset Management clarified that no costs related to this policy change will be borne by db X-trackers investors.
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