Once hedged, the positions can be auctioned in order to ultimately achieve a matched book
Dealers can run a matched book
using various types of transactions.
We gave up a huge amount of profit last year by running a matched book
Since the company's capital supports a large matched book
business, its leverage ratios can significantly fluctuate within a reporting period.
Risk management policies in place limit the exposure of the company through matched book
trading, tight open position limits on both a physical and financial basis, and the close monitoring of counterparty exposure and bad debt expense.
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.
Presently, the company's capital has to support a large matched book
Additionally, Victoria Foster has joined the team to manage the European stock loan matched book
and the client equity financing business.
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").
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
Lehman's repurchase book provides a material level of secured funding which stands at $215 billion as of March 17, 2008 excluding its matched book