Triparty required value: Difference between revisions
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Add SIX to the list of vendors providing RQV services. |
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A '''triparty required value''' (RQV) is the value of [[collateral (finance)|collateral]] required by a [[securities lending]] lender in exchange for the outstanding loans that they have made to their borrower. An RQV will be satisfied through a combination of collateral types, such as [[stock|equities]], [[government bond]]s, [[convertible bond]]s, cash, or other products. RQV collateral requirements can be very complicated, involving instrument attributes such as how heavily traded they are, their minimum price, specific [[Stock market index|indexes]], [[Maturity (finance)|redemption dates]], and other fields.<ref name=":0">{{cite web |last=Lavers |first=Georgina |date=2012-05-04 |title=Pirum automates RQV processing |url=https://www.securitiesfinancetimes.com/securitieslendingnews/article.php?article_id=218109 |url-status=live |archive-url=http://web.archive.org/web/20180504005133/http://www.securitieslendingtimes.com/securitieslendingnews/article.php?article_id=218109 |archive-date=2018-05-04 |access-date=2024-02-09 |work=Securities Finance Times}}</ref> |
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==Vendors providing RQV services== |
==Vendors providing RQV services== |
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{{Update|part=section|date=February 2024|updated=2015-09-01}} |
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* [[The Bank of New York Mellon|BNY Mellon]] |
* [[The Bank of New York Mellon|BNY Mellon]]<ref name=":0" /> |
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* [[Clearstream]] |
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* [[Clearstream]]<ref name=":1">{{Cite journal |last=Crichton |first=Merle |date=2017-10-11 |title=Clearstream and Pirum launch triparty collateral solution |url=https://www.proquest.com/docview/1975605176 |journal=Global Investor |language=en |issn=0951-3604 |access-date=2024-02-09 |id={{ProQuest|1975605176}} |via=[[ProQuest]] |place=London}}</ref> |
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* [[Euroclear]] |
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* [[Euroclear]]<ref>{{Cite web |date=2016-04-13 |title=Euroclear partners with Pirum on tri-party securities lending |url=https://news.fow.com/articles/3545342/euroclear-partners-with-pirum-on-tri-party-securities-lending |access-date=2024-02-09 |website=Futures & Options World}}</ref> |
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* [[JPMorgan Chase]] |
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* [[JPMorgan Chase]]<ref name=":0" /><ref name=":1" /><ref name=":2">{{Cite web |last=Benie |first=Diepak |date=2015-12-04 |title=Pirum is Automating the Triparty RQV Process |url=https://www.linkedin.com/pulse/pirum-automating-triparty-rqv-process-diepak-benie |access-date=2024-02-09 |website=[[LinkedIn]] |language=en}}</ref><ref>{{Cite web |last=Nicol |first=Drew |date=2020-11-27 |title=Pirum and J.P. Morgan launch triparty dual matching service |url=https://www.securitiesfinancetimes.com/securitieslendingnews/article.php?article_id=224365 |access-date=2024-02-09 |website=Securities Finance Times |language=en}}</ref> |
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* [[Pirum]] |
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* [[Pirum]]<ref name=":0" /><ref name=":1" /><ref name=":2" /> |
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* [[SIX Swiss Exchange]] |
* [[SIX Swiss Exchange]] |
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Latest revision as of 08:40, 2 March 2024
 | The topic of this article may not meet Wikipedia's general notability guideline. (August 2023) |
A triparty required value (RQV) is the value of collateral required by a securities lending lender in exchange for the outstanding loans that they have made to their borrower. An RQV will be satisfied through a combination of collateral types, such as equities, government bonds, convertible bonds, cash, or other products. RQV collateral requirements can be very complicated, involving instrument attributes such as how heavily traded they are, their minimum price, specific indexes, redemption dates, and other fields.[1]
Vendors providing RQV services
[edit] | This section needs to be updated. (February 2024) |
- BNY Mellon[1]
- Clearstream[2]
- Euroclear[3]
- JPMorgan Chase[1][2][4][5]
- Pirum[1][2][4]
- SIX Swiss Exchange
References
[edit]- ^ a b c d Lavers, Georgina (2012-05-04). "Pirum automates RQV processing". Securities Finance Times. Archived from the original on 2018-05-04. Retrieved 2024-02-09.
- ^ a b c Crichton, Merle (2017-10-11). "Clearstream and Pirum launch triparty collateral solution". Global Investor. London. ISSN 0951-3604. ProQuest 1975605176. Retrieved 2024-02-09 – via ProQuest.
- ^ "Euroclear partners with Pirum on tri-party securities lending". Futures & Options World. 2016-04-13. Retrieved 2024-02-09.
- ^ a b Benie, Diepak (2015-12-04). "Pirum is Automating the Triparty RQV Process". LinkedIn. Retrieved 2024-02-09.
- ^ Nicol, Drew (2020-11-27). "Pirum and J.P. Morgan launch triparty dual matching service". Securities Finance Times. Retrieved 2024-02-09.