Morgan Stanley and Citi are currently using their branches in Tokyo to leave, but Barclays said it is using its London unit to gain customer buy-in more efficiently. The bank also has a Global Clearing Agreement (GNA) to cross-reference customers` commitments on different products under the same agreement. “It`s easier for clients to document with companies they know, and our portfolio margin product (Global Netting or `GNA`) is certainly a competitive advantage for us,” Fraser added. “It feels like clients, especially global clients and hedge funds that have offices in the Asia-Pacific region, are interested in knowing that we are investing in the region because they want to have access to markets here. In addition, the bank has a Global Indemnification Agreement (GNA) to avoid customer engagement for various products under the same agreement. “It`s easier for clients to document with companies they know, and our global clearing or GNA product is certainly a competitive advantage for us,” added Fraser. It seems that clients, especially global clients and hedge funds with offices in the Asia-Pacific region, like to know that we are investing in the region because they want to have access to markets. A fully integrated asset class offering for financing, clearing and execution worldwide. Agency Derivatives conducts three major transactions – OTC DERIVATIVES, FUTURES AND FIRST-CLASS FOREIGN EXCHANGE BROKERAGE – FOR OPTIMAL EXECUTION AND CLEARING RESULTS.
In an interview with The TRADE, Bradley Fraser, head of agency derivatives clearing (ADS) for Asia Pacific at Barclays, said the decision to join JSCC was part of the bank`s strategy to invest in its clearing operations and in the Asia-Pacific region. . Various execution services include continuous abandonment processing, which provides a consistent view to track trading via BARX FX. Access to the high-frequency sponsored market to the largest ECN platforms and 50 individual banks – With the company`s intellectual capital, we offer innovative thinking that translates into products and services to create a unique competitive advantage. As part of Barclays` equity and credit products business, our world-class brokerage clients benefit from the award-winning services of our sales and distribution teams and global research franchises. Barclays offers a comprehensive FX Prime Brokerage (FX PB) brokerage platform with integrated systems for global risk management and execution through strategies. FX PB combines the expertise of our agency derivative services business with that of our FX business to create a leading platform for clients. Our leading positions in all asset classes, combined with our proprietary technology, position us as a world-class otC derivative clearing provider. In a rapidly changing regulatory environment, we have built a leading position in clearing services.
Based on our status as a First Mover, we have a large global customer base and have received numerous industry awards. Our execution solutions are designed to meet the dynamic needs of the business, and our compensation solutions fully meet our customers` global infrastructure, processing and reporting needs. We focus our intellectual capital on achieving the client`s business vision, and clients have a tailored hedging model in place to meet key account management requirements both regionally and globally. The result: targeted coverage for maximum customer satisfaction. Morgan Stanley and Citi are currently using their subsidiaries in Tokyo to evacuate, but Barclays said it was using its London unit to build customers more efficiently. The lock is automatically unlocked while waiting 10 minutes. If you continue to exceed the SEC`s maximum allowable application rate during the expiration period, the duration of the expiration period will be extended. To ensure equitable access for all users, please reduce the rate of your requests and review SEC.gov after the 10-minute break expires.
Note: We do not provide technical support for developing or debugging scripted download processes. Your request rate has exceeded the maximum number of requests allowed per sec second. Your access to SEC.gov is limited to 10 minutes. For best practices for efficiently downloading information from SEC.gov, including the latest EDGAR submissions, see sec.gov/developer. You can also sign up for email updates to the SEC Open Data program, including best practices that make downloading data more efficient and improvements SEC.gov that can affect scripted download processes. For more information, please contact email@example.com. “With the push towards mandatory clearing in CCPs and then the tendency to bypass unexplained swap margins, we needed to stay close and relevant to our clients to help them understand how the rules will affect them,” Fraser said. “Through this process, we have evolved our clearing offering and customers have started asking questions about JSCC as it holds a market share in cleared yen swaps.” “MTS announces record volumes of repo transactions in January. The move means Barclays` European and Asian clients will have access to the largest pool of liquidity for JPY interest rate swaps. Barclays is one of three international clearers now approved for JSCC, along with Morgan Stanley and Citi. In the U.S., the Commodity Futures Trading Commission (CFTC) is revising its equivalency rules, meaning that U.S.-based clients could soon have access to the JSCC. Barclays added that it is keeping an eye on this development as it could prove to be an opportunity to expand the compensation support for its US customers.
British investment bank Barclays will settle its JPY swap transactions through the Japan Securities Clearing Corporation (JSCC) after receiving approval in November to act more clearly as a client, The TRADE has learned. We advise you on all aspects of our clients` business – from setting up an organisation to introducing capital to strategic positioning of the fund over time. “With the initiative of a mandatory remuneration system in CCPs, and then the initiative of inexplicable margins, we had to stay close and relevant to our clients to help them understand how the rules will affect them,” Fraser said. “Through this process, we have evolved our compensation offering and clients have started asking questions about JSCC because they have a market share in yen swaps.” In the U.S., the Commodity Futures Trading Commission (CFTC) is revising its equivalency rules, meaning that U.S.-based clients could soon have access to the JSCC. . Unauthorized attempts to upload information and/or modify information on any part of this website are strictly prohibited and subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see 18 U.S.C. § 1001 and 1030). Speaking to The TRADE, Bradley Fraser, head of agency derivatives clearing (ADS) for Asia Pacific at Barclays, said the decision to join JSCC was part of the bank`s strategy to invest in its clearing business and in the Asia-Pacific region.
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