matched book

Matched book

A bank runs a matched book when the of maturities of its assets and liabilities is distribution equal.

Matched Book

A situation in which the funds a bank or brokerage has borrowed equal the funds it has lent to customers, where both borrowed and lent funds have the same maturity. A matched book is one way a financial institution can reduce its risk because a matched book does not add to its liabilities.

matched book

The position of a broker-dealer when funds borrowed are equal to funds lent to customers.
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Dealers can run a matched book using various types of transactions.
6% Financial Condition Total Assets $295,000 $302,410 $268,293 $260,336 $265,213 Total Assets Excluding Matched Book (f) 190,000 189,952 174,096 165,995 159,879 Matched Book 105,000 112,458 94,197 94,341 105,334 Long-Term Debt 41,776 43,530 41,247 38,678 38,911 Trust Issued Securities Subject to Mandatory Redemption(g) 1,010 1,010 710 710 710 Common Stockholders' Equity 9,231 8,935 8,457 8,242 8,209 Total Stockholders' Equity 10,276 9,635 9,157 8,942 8,909 Total Stockholders' Equity plus Trust Issued Securities Subject to Mandatory Redemption(h) 11,286 10,645 9,867 9,652 9,619 Total Capital (i) 53,062 54,175 51,114 48,330 48,530 Total Leverage (j) 28.
Since the company's capital supports a large matched book business, its leverage ratios can significantly fluctuate within a reporting period.
0% Financial Condition Total Assets $304,000 $268,293 $260,336 $265,213 $267,787 Total Assets Excluding Matched Book (f) 191,000 174,096 165,995 159,879 173,671 Securities Purchased Under Agreements to Resell 113,000 94,197 94,341 105,334 94,116 Long-Term Debt 43,530 41,247 38,678 38,911 36,643 Trust Issued Securities Subject to Mandatory Redemption(g) 1,010 710 710 710 710 Common Stockholders' Equity 8,935 8,457 8,242 8,209 8,206 Total Stockholders' Equity 9,635 9,157 8,942 8,909 8,906 Total Stockholders' Equity plus Trust Issued Securities Subject to Mandatory Redemption(h) 10,645 9,867 9,652 9,619 9,616 Total Capital (i) 54,175 51,114 48,330 48,530 46,259 Total Leverage (j) 31.
0% Financial Condition Total Assets $271,000 $260,336 $265,213 $267,787 $260,061 Total Assets Excluding Matched Book (g) 176,000 165,995 159,879 173,671 168,850 Securities Purchased Under Agreements to Resell 95,000 94,341 105,334 94,116 91,211 Long-Term Debt 41,408 38,678 38,911 36,643 37,985 Preferred Securities Subject to Mandatory Redemption 710 710 710 710 710 Common Stockholders' Equity 8,457 8,242 8,209 8,206 7,948 Total Stockholders' Equity 9,157 8,942 8,909 8,906 8,648 Total Stockholders' Equity plus Preferred Securities Subject to Mandatory Redemption (h) 9,867 9,652 9,619 9,616 9,358 Total Capital (i) 51,275 48,330 48,530 46,259 47,343 Leverage (j) 29.
Morgan securities as manager of the overnight, term financing and term matched book teams for the repo desk as well as leading the Securities Lending sales force.
4)% Balance Sheet Total Assets $260,000 $265,213 $267,787 $260,061 $247,816 Total Assets Excluding Matched Book (g) 165,000 159,879 173,671 168,850 164,538 Common Stockholders' Equity 8,242 8,209 8,206 7,948 7,759 Total Stockholders' Equity + Preferred Securities Subject to Mandatory Redemption 9,652 9,619 9,616 9,358 9,169 Total Capital (h) 48,329 48,530 46,259 47,343 47,470 Net Leverage (I) 17.
NEW YORK -- South Street Securities LLC ("SSS" or the "Company"), a FINRA- regulated broker-dealer which conducts a repurchase agreement ("repo") and reverse repo program primarily focused on the financing of a matched book of US Government and Agency securities, announced the completion by its funding parent, South Street Securities Funding LLC, of a US$90 million secured term loan facility due December 15, 2010 (the "Facility").
Needham will be responsible for the establishment of a corporate bond, high yield and emerging market matched book and house financing capability.
Ranger's business objectives include operating as a sales agent for investment products managed by Annaly's subsidiaries, engaging in securities lending, facilitating matched book operations and providing market data products.
His responsibilities included financing Bear Stearns' global mortgage and structured product position, and all trading, hedging, and risk management of the firm's mortgage matched book business.