A pilot securities borrowing scheme has met a lukewarm response despite the establishment of a central counterparty. Complexity in posting assets as collateral is seen as unhelpful.
Tag : sec-lending
Agent securities lenders say planned US counterparty credit limits and money-market fund reforms are driving them into high-margin trades.
The programme sees just 45 transactions on its first day, although it is still being viewed as an important step in helping the nation’s short-selling market to develop.
