NSD Teams Up with Bloomberg to Test New Tri-Party OTC Repo Service
Posted: Wed Dec 21, 2016 6:44 pm
The National Settlement Depository (NSD), a non-bank financial institution and central securities depository, has begun the testing phase of a new collateral management service for over-the-counter (OTC) repos together with Bloomberg, exploring interactions with the informational and tri-party services, per a NSD statement.
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The initial testing began earlier this month, occurring in part with the Moscow Exchange Group’s (MOEX) services. The newly tested service will eventually help foster and enable more streamlined processing of repo transactions with securities baskets.
This is achieved by leveraging the NSD’s existing collateral ... (read more)