Swiss Re and UBS Instruct Same-Day Repo Trade, Settled via BNY Triparty Infrastructure

The Bank of New York Mellon Corporation (BNY) (NYSE: BK) has piloted the “first” intraday repo trade settled through its triparty infrastructure. The USD-denominated pilot transaction, which “took place in February, saw UBS borrowing cash from Swiss Re while delivering collateral via BNY’s global collateral... Read More