RMR Real Estate Income Fund (RIF) has entered into a new $50 million revolving credit facility with BNP Paribas prime brokerage. The new credit facility bears interest at LIBOR plus 95 basis points and it has a 270 day rolling term that resets daily.
In the first phase, the new regulations would allow licensed financial service providers to lend and borrow listed securities to settle failed transactions...
Citi has renewed its agreement with Chou Associates Management to provide trust and securities lending services for $600 million in mutual fund assets...
Trading, investment management and information solutions provider Fidessa has released a white paper that examines the regulatory pressures facing the financial industry in Europe...
LCH.Clearnet will see Stephen Patriarco as global head of collateral services and US head of collateral and liquidity management (CaLM) as the company attempts to underscore the importance of the American market...