The International Swaps and Derivatives Association (ISDA) is leading a group of securities industry associations in a drive to move financial markets closer to alternative risk-free rates (RFRs) and away from interbank offered rates, the “ibor” behind the Libor and Euribor benchmarks applied to contracts and business practices. The Libor, Euribor and Tibor benchmarks are… Read More >>
Nordea Bank Scores Breakthrough with Repo Trading
Nordea Bank, a large financial services group in Northern Europe, has been working with post-trade services provider Omgeo and investment management software vendor SimCorp to automate its repurchase agreement (repo) post-trade matching process, and recently matched its first live repo trade. The Stockholm-based bank recently processed a repo instrument between itself and Swedish administrative services… Read More >>
