Nomura innovates with contingent collateral facility

'Neat solution' similar to a repo market of last resort


Awards 2014: Innovation of the year

Insurers are finding themselves squeezed between two opposing pressures: the desire to invest in illiquid assets to source yield on the one hand, and the need to hold liquid assets to meet growing collateral demands on the other.

This year's award for innovation goes to Nomura for its work on a range of solutions to relieve the tension, culminating in an option-based contingent funding facility that enables a client of the bank to repo assets on pre-defined

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