The transaction took place between UBS and Swiss Re in February, where UBS borrowed cash from Swiss Re while delivering collateral through BNY's platform
Following an approval from the Financial Industry Regulatory Authority, the broker-dealer adds correspondent clearing, fixed income prime brokerage, and securities lending to its offerings
Natixis Corporate & Investment Banking acted as a principal lender against J.P. Morgan as a borrower in the first trades cleared through the new service
Synergy, by AccessFintech, has integrated with S&P Global Market Intelligence’s Securities processing platform with the aim of enhancing settlement management for clients