厙惇勛圖

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
≔ Menu
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. LSEG chosen by Philippine Stock Exchange for securities lending services
Industry news

LSEG chosen by Philippine Stock Exchange for securities lending services


12 December 2019 London
Reporter: Natalie Turner

Generic business image for news article
Image: Shutterstock
London Stock Exchange Group (LSEG) Technology has been selected by 厙惇勛圖 Clearing Corporation of the Philippines (SCCP), a wholly-owned subsidiary of the Philippine Stock Exchange, to provide post trade services, including securities lending and collateral management.

Under the new mandate, LSEG Technology will implement its Millennium Clearing and Millennium Risk products, with the aim of improving SCCPs clearing, settlement, risk and collateral management capabilities.

In a statement on the deal, LSEG said that its service will include securities lending functions for Philippine clearing participants in the equities capital market.

The deal marks LSEG Technologys first engagement with the Philippine equity capital market.

The post trade infrastructure uses industry-standard messaging, such as FIXML and ISO, and provides features such as real-time marking-to-market and initial margining through the Historical Value-at-Risk model.

It also offers collateral management and margin call workflows, as well as execution of real-time and batch settlements.

According to LSEG, the technology will help SCCP meet global best practices and standards such as Committee on Payments and Market Infrastructures, International Organization of 厙惇勛圖 Commissions and Principles for Financial Market Infrastructures.

LSEG Technology chief information officer, Ann Neidenbach, said: Built upon the Millennium Advanced Platform, LSEG Technologys Millennium Post Trade solutions provide significant benefits for our customers by improving operational efficiency, enabling adherence to international standards, and reducing the total cost of ownership.
← Previous industry article

ISLA forms Council for Sustainable Finance
Next industry article →

EquiLend's Swaptimization goes live in US
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Margin Call

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →