Think of a revolver as a credit facility. When a fund ‘goes long’ on a revolver it is selling the ‘right to borrow’ to a counterparty. This paper outlines the concept within the framework of traditional bonds and how you would treat the facility and ensuing term loan using standard accounting functionality for bonds.
A post-trade trial between Credit Suisse and Nomura indicates the future for equities clearing, if blockchain technology can be scaled to meet the needs of a global equities market. Gillian Tett from the FT explains more.
4OTC, the FinTech provider of connectivity services for Digital Assets and FX, today announced that Russell Fernandes and Mark Price have joined Alexis Atkinson as Co-Founders.
SteelEye, the UK-based compliance technology and data analytics firm, today announces its plans to bolster its footprint by expanding into North America.
Tradeweb Markets Inc. (Nasdaq: TW), a global operator of electronic marketplaces for rates, credit, equities and money markets, has reported record total trading volume for March 2021 of $24.7 trillion (tn).
Equiti Capital, a subsidiary of Equiti Group, has deployed Lucera LumeFX’s technology, an FX aggregator known for its low latency execution and expansive connectivity to the FX market.
Options Technology, a provider of IT infrastructure to global Capital Markets firms backed by Abry Partners, has announced it had closed on its acquisition of Fixnetix, a DXC Technology Company.
This capital markets platform has raised $170 million to date from leading venture capital firms and some of the world’s largest global financial institutions.
Google Cloud and Commerzbank, a leading German commercial bank with a strong international focus, announced today that they are expanding their collaboration by entering into a five-year, strategic partnership.
Visa announced a major industry first in bridging the worlds of digital and traditional fiat currencies: the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with Visa over Ethereum—one of the most actively used open-source blockchains.