Hints and tips:
...This is a tri-border region. On the left bank is Cameroon, on the right Congo. Upriver is the Central African Republic....
...The complete rethink led to a skateboard design with in-axle motors. The familiar UPS van shape, with its storage over the driver’s head, remains but it is sleeker and has a larger window....
...He believes Facebook will probably keep Instagram on the same path, just with more central control. “Whether that will help or hurt is hard to say,” he adds....
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...It also preserves what Akio Toyoda, Toyota president, describes as the “thrill of driving”, which Dr Pratt says is central to TRI’s mandate....
...BNY Mellon’s tri-party Repo rate rose to a high of 10bp points last week from 5bp in November....
...The SUV has a large, lithium-ion battery positioned between the axles, three electric motors and so-called active aerodynamics — moveable elements at the front and rear of the vehicle that improve airflow...
...Mary Ann Tighe, the broker on the deal and chief executive of CBRE’s New York Tri-State region, said: “If the transaction happens, it will mean the completion of the World Trade Center....
...One repo market expert said: “Repo used to be something that banks made money off of, now the central counterparties will make money off of it and the Fed is just going to do more of it.”...
...Others include wresting control of the tri-party market away from the two banks which currently dominate it: Bank of New York Mellon and JPMorgan Chase....
...Central banks are keen, though, for the market to come up with its own solution to a potential collateral shortage, to reduce banks’ reliance on cheap central bank money....
...The tri-party repo market, where banks loan out their securities in exchange for short-term loans from investors, has been one of the key areas of financial reform after playing a major role in the 2008...
...“More work is needed by regulators, market participants, central banks with financial stability responsibilities, and researchers to address this important weakness of our financial system,” said the Fed...
...Meanwhile, the issue of intraday credit in the tri-party repo market has been addressed directly by an NY Fed task force....
...The warning will feed into German concern that the European Central Bank’s monetary policy is far too loose for the country....
...Izzy’s post takes a look at the increased appeal of tri-party agreements. What’s a credit trader to do?...
...Parts makers with a heavy exposure to trucks, such as American Axle and Dana, are also big beneficiaries....
...Central to the deal is the creation of a so-called “vertical silo” offering dealers just one choice of clearing house for trades....
...Back then, the solution was for Fed chairman Ben Bernanke to say stuff like this: “We are encouraging firms to improve their management of liquidity risk and reduce over time their reliance on tri-party...
...Members of the TRP taskforce say the main objective of reform is to remove the ambiguity as to who holds the risk in tri-party repo....
...But after the failure of talks to save Lehman paved the way for its bankruptcy, the Fed broadened the collateral requirements to include any asset that could be used in the tri-party repo system....
...Moreover, the repo market was central to the dramas of 2008....
...At its peak, the tri-party repo market financed some $2,800bn in securities but, during the first quarter of 2010, the market averaged $1,700bn....
...TriOptima currently has information on 5.2m trades across all asset classes on its Tri-resolve platform, used by the leading 16 dealers and large institutional investors....
...This, in turn, potentially threatened the two repo clearing banks, JPMorgan and Bank of New York Mellon, which act as custodians between investors and dealers in what is called tri-party repo....
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