(October 22 – 16:30 ET) – As a
result of increased international
market demand for short-term
financing opportunities,
Royal Trust is introducing a
Tri-Party repurchase service.
With the launch of RepoExchange,
Royal Trust’s Global Securities
Services is the first Canadian
institution to offer this kind of
benefit to its customers.
In a typical repurchase
agreement or “repo”, a broker
raises cash by selling securities
directly to an institutional
investor and agrees to repurchase
the same securities at a specified
price on a future date. As these
transactions are extremely
complex, hiring a third party
agent to coordinate the process
is increasingly advantageous for
investors.
RepoExchange’s technology was
three years in the making and is
specifically designed for repo
financing. It delivers risk
management tools, manages margin
and cash, recordkeeping and
settlement.
With RepoExchange, investors
also receive securities custody
and value monitoring, credit
risk diversification, reduced
settlement risk and the ability
to customize maturity of the repo
at no additional cost.
-IE Staff
For more please see: