In a bold step, BNP Paribas Securities Services has struck a partnership with renewable energy crowdfunding providers Lendosphere, Enerfip and Lumo to enable private companies to issue mini-bonds through distributed ledger technology (DLT). The platform, which is set to launch at the end of the year, aims to have transactions conducted more securely as well… Read More >>
Uncleared Swaps Hit With Steep Margin Increases
U.S. regulators unveiled rules for derivatives on Wednesday that could make margin requirements for uncleared swaps 40 to 45 percent higher than cleared transactions, and could lead to a host of operational and legal difficulties for firms trading in them. The proposed rules establish the minimum amount of collateral that financial firms would have to… Read More >>
Lehman Bros. Creditors to Get $4.6B Distribution
The first distribution of funds to unsecured general creditors of failed investment bank Lehman Brothers will release $4.6 billion, starting “on or about September 10,” a development commended by the Securities Investor Protection Corporation (SIPC) in a statement. The first round represents 17 percent of the total claims still held by general unsecured creditors, according… Read More >>
