Following the #CASLA2024 regulatory discussion entitled “Who is Drinking and Who is Paying”, Thomas Veneziano, Head of North America Product, put pen to paper, unpacking his key takeaways from the panel and conference.👇🏻 https://lnkd.in/eYAA8y2s #SecuritiesLending #Repo #Regulation #BaselIII #BaselEndGame Canadian Securities Lending Association
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The American standard settlement cycle for most securities transactions between dealers will be shortened to one business day after the trade date instead of two, with effect from 28 May 2024 in the US market. Find out more about the reasons, impacts and opportunities for this change. #assetmanagers #settlement 👉 Read our expert Paola Deantoni's article to find out more: https://lnkd.in/eBbChDTd ⚡ Also discover our analysis of today’s key regulatory initiatives: https://lnkd.in/eMhVGbwv
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Preparing for T+1: impacts and opportunities Read our insight! ⬇
The American standard settlement cycle for most securities transactions between dealers will be shortened to one business day after the trade date instead of two, with effect from 28 May 2024 in the US market. Find out more about the reasons, impacts and opportunities for this change. #assetmanagers #settlement 👉 Read our expert Paola Deantoni's article to find out more: https://lnkd.in/eBbChDTd ⚡ Also discover our analysis of today’s key regulatory initiatives: https://lnkd.in/eMhVGbwv
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Originators play a crucial role in initiating transactions, making it essential for organizations to have strict parameters in place. 🤔💭 Why it matters: it’s imperative that your organization not only sets parameters, as they specify exposure limits and approved SEC codes for each Originator, but you should also know how to identify any issues. ➡️ Learn more: https://zurl.co/Ikop #Origination #ACHOrigination #payments #paymentseducation
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In a recent session, Bolero's Jacco De Jong delved into the Electronic Trade Documents Act 2023, highlighting its role in modernizing trade finance by legalizing electronic documents. Through his insights, discover how this legislation fosters a more efficient and secure trade environment, encouraging digital adoption and aiding in fraud prevention. It's a critical look at how the ETDA impacts businesses and the trade finance landscape, marking a significant shift towards a digital future. #GTRMENA2024 #TradeFinance #Tradedigitisation
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European Securities and Markets Authority (ESMA) does not expect to authorise a consolidated tape provider (CTP) for bonds until Q4 2025; Financial Conduct Authority (FCA) has effectively met its commitment to have a regime for a UK CT in place by 2024. #consolidatedtape #ctp #bondtape #regulation #bonds #fixedincome #equities #derivatives #tradingregulation #tape #trading #markets
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Basel III and IV have led some banks to retreat from ship financing, with alternative capital stepping into the gap. Writing in The Banker, HFW shipping partners Gudmund Bernitz and William MacLachlan asses the growing role of private equity firms in the shipping industry, and look at the key structural considerations for investors and lenders. You can read the article here (subscription required): https://lnkd.in/dzK8edjG To discuss these issues, please speak to Gudmund or Will, or your usual HFW contact. #ShipFinance #BaselIII #BaselIV #Shipping #ShippingIndustry #MaritimeIndustry
HFW's Gudmund Bernitz and William MacLachlan in The Banker: Basel IV and the changing face of ship finance
thebanker.com
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“As a result of the changing credit landscape, the traditional shipowning and credit model may evolve away from direct bank lending to shipowners based on the earnings capacity and residual value of a particular ship (or a number of ships), secured against that specific ship (or ships) and those earnings. It is expected that fund structures will become more common and that senior debt will increasingly be coming in at the fund level rather than further down in the ownership structure in order to broaden the credit exposure.” #shippingindustry #alternativeinvestments #marineindustry #banking #assetfinance #sukuk #islamicfinance #islamicbanking
Basel III and IV have led some banks to retreat from ship financing, with alternative capital stepping into the gap. Writing in The Banker, HFW shipping partners Gudmund Bernitz and William MacLachlan asses the growing role of private equity firms in the shipping industry, and look at the key structural considerations for investors and lenders. You can read the article here (subscription required): https://lnkd.in/dzK8edjG To discuss these issues, please speak to Gudmund or Will, or your usual HFW contact. #ShipFinance #BaselIII #BaselIV #Shipping #ShippingIndustry #MaritimeIndustry
HFW's Gudmund Bernitz and William MacLachlan in The Banker: Basel IV and the changing face of ship finance
thebanker.com
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Demica's CEO Matt Wreford will be joining an expert panel at BCR Publishing's Trade and Investment Forum in April, sharing his perspectives on trade receivables securitisation as an asset class: how it measures up in terms of risk, returns and transparency. If you are attending be sure to join the session! #tradefinanceassets #securitisation #tradefinance #tif24 #Itfa
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Partner and Co-Chairman of Investment Management Group/law firm leader/experienced in-house counsel; proven business judgment, results-driven securities/40 Act expert
The governing agreements for a wide range of transactions frequently include a “cross-default” event of default that is triggered under one agreement when a party defaults in respect of indebtedness incurred under another agreement (i.e., “other indebtedness”)—hence the name, “cross-default.” In our latest BR Derivatives Report post, my colleagues Andrew Cross and David Kronenberg explain “cross-default” and outline some cross-default event scenarios. #derivatives #crossdefault #defaultevent #investmentmanagement
Transactional Corner: Cross-Default (Under Specified Transactions?)—Drafting Considerations Related to a “Compound” Event of Default - BR Derivatives Report
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On October 30, the SEC issued an order exempting Rule 144A fixed-income securities from the requirements of Rule 15c2-11 of the Securities Exchange Act of 1934. Rule 15c2- 11 governs the publication of quotations for securities in a quotation medium other than a national securities exchange, i.e., over-the-counter (“OTC”) securities, other than exempted securities and municipal securities. The SEC amended the rule in 2020 and stated that the rule applied to fixed-income securities although market practice since the rule's adoption in 1971 would have suggested otherwise. Although the SEC staff issued time limited no-action relief for certain types of fixed-income securities, issues still presented themselves for Rule 144A transactions. The exemptive order signals a good step in the right direction for the SEC in addressing market concerns.
34-98819.pdf
sec.gov
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