ClearCompress Announcement

New Link EditorProject Management

Tullett Prebon announces collaboration with ClearCompress London , December 1, 2017: Tullett Prebon, part of TP ICAP Group, the world’s largest interdealer broker, is pleased to announce that it has agreed a collaboration with ClearCompress to extend its OTC portfolio compre ssion service for financial products , i nitially targeting cleared trades. Portfolio compression refers to the process by which …

IWD 2020: Strength Through Diversity

New Link EditorProject Management

International Women’s Day celebrates the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating women’s equality. New Link Consulting holds the values of gender equality and diversity as a central part of the fabric of our organization. We consider it a crucial aspect of our culture and success. In recent years, …

What is SFTR?

New Link EditorRegulation

Following the financial crisis, both securities lending and repurchase transactions came under increased scrutiny as they were perceived to have contributed to the build-up of hidden leverage in the market. Regulators sought to introduce Securities Financing Transaction Regulation (SFTR), covering three key requirements: transaction reporting, disclosure obligations and collateral reuse obligations. SFTR is a sweeping mandatory change for the securities …

Another Nudge for Benchmark Reform…

New Link EditorMarket and Credit Risk

IBOR transition in Europe has taken another step forward. On Monday, May 6th, the European Money Markets Institute (EMMI), which is the administrator of both the EONIA and EURIBOR benchmarks, applied to the Belgian Financial Services and Markets Authority (FSMA) for authorisation to compute & publish “reformed” Euribor. EONIA and EURIBOR are two of the main euro-denominated measures of money …

Benchmark Transition is Coming…a Brief Guide for Corporate Treasurers

New Link EditorMarket and Credit Risk

1.  A Little Context Within the next two and a half years, global financial markets will see lasting changes made to some of their oldest interest rate benchmarks. These benchmarks will be either retired or reformed, replaced either by a series of nearly risk-free rates (RFRs), or reformed benchmarks. We are of course talking about Inter-Bank Offered Rates (IBORs), the most common of …