Securities Finance Insights

Securities finance stakeholders were traditionally unable to see the full picture around data. Greater transparency has been on the rise, however key data points have still been missing. Hazeltree has stepped up to fill this void with accessible data for all participants to help level the playing field so securities finance stakeholders can identify and take advantage of opportunities.

Securities Finance Data 2.0 – The Business Success Pre-Requisite

Lack of transparency exists on two different levels. Firstly, some of the stakeholders in the value chain remain outside of the ‘ring of knowledge’ and they need to be brought inside. Secondly, there is a lack of detail around specific securities’ data points that are only available to a precious few. Check out our whitepaper to learn more.

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Q&A with Hazeltree’s Tim Smith: Why Transparency Is Essential in Securities Finance Data

Hazeltree Managing Director of Business Development Tim Smith talks about the value behind this data and why increased transparency is key to leveling the playing field. Read more in our blog.

Strategic Advantage and Revenue Creation – the twin wins of actionable securities finance data

A new level of data intel — a robust set of securities lending data — allows firms to effectively shop around, avoiding overcharging, creating more economical relationships and enabling more profitable trades, Hazeltree Managing Director of Business Development Tim Smith writes in this Traders Magazine article.

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Learn More About Securities Finance Insights

How Firms Approach and View the Use of Subscription Lines

The concept of subscription (sub) lines has been around for decades. However, longer-dated sub lines are all the craze right now because they can have a material impact on net IRR in the early years of the fund’s life and with rates at historic lows.  To learn more about the changing dynamics of how firms…

What Do Managers Need to Do to Prepare for UMR? Five Things to Consider

This blog is part of our comprehensive UMR whitepaper. Click here to see the full paper. Fund managers have many decisions to make surrounding the new Rules for IM on U-OTC. They will need to assess whether their fund(s) will fall within the rules and, if they come in scope of the rules, how they…

Breaking Down the Legal Documentation and AML/KYC Challenges Associated with UMR

This blog is part of our comprehensive UMR whitepaper. Click here to see the full paper. Organizations readying themselves to comply with UMRs face a litany of tasks that need to be completed in a timely manner. Another area firms will need to deal with are the legal documentation changes that come with U-OTC trading….

UMR Readiness Alert: Phase 6 Brings New Contractual Requirements

This blog is part of our comprehensive UMR whitepaper. Click here to see the full paper. Phase 6 of the Uncleared Margin Rules (UMR) for derivatives trading arrives this September and will usher in new legal requirements for a wider group of funds. For funds that fall in scope of Phase 6 and exceed the…

What Does ‘Cash Optimization’ Mean for a PE Manager?

UMR Decision Workflow

Use AANA estimator daily to monitor your risk of getting caught up in UMR As you get close to the $8 Billion level, begin to work with those counterparties to establish your REG IM CSA documents Select a Segregation agent to hold your Initial Margin. a. Decide which segregation model you will use i. Tri…

What is UMR?

As a result of the global financial crisis, the G20 countries committed themselves to reforming the Over the Counter (OTC) derivatives market. There were two main components to these reforms, the first was that standardized derivatives would be cleared at central counterparties (CCPs) to help mitigate the counterparty credit risk presented by bilateral trading. The…

Under 50 Million: What you need to know about the UMR IM Threshold

When global regulators were writing the rules for UMR, there was general agreement that those rules should not necessarily require a small volume of uncleared OTC derivative trades to trigger a requirement to post collateral.  The regulators eventually settled on an IM threshold of $50 million in the US, and €50 million in the EU,…

What Does ‘Cash Optimization’ Mean for a PE Manager?

The UMR deadline has been extended, and you’re still going to miss it!

The news last month of a delay to the onset of UMR for phases 5 and 6 was a welcome relief during a time of crisis. Even if a pandemic hadn’t altered our reality, many parties who would have been in-scope for phase 5 in September of this year were not prepared and had found themselves…

Are you ready for UMR?

As we leave 2020 behind and start 2021, we find ourselves looking ahead and planning for the new year to come.  For many on the buy-side, that means UMR compliance deadlines.  The 1-year delay from the original September 2020 deadline for phase 5 firms gave us a much needed breather, but as the calendar flips…