Global Securities Financing
Global Equities - Equity and Overnight Trading Services
Global Securities Financing

Global Securities Financing

Repurchase Agreements (REPO)

Repos are an integral product within the financial markets. These products provide liquidity to support Fixed Income and equity markets, particularly the U.S. Treasury market. Repo is widely used as a cash management tool by many market participants and is often used by cash-rich institutions to earn additional interest income. Mirae’s repo market expertise and global trading capabilities enable us to service a diversified repo client base. Our repo client base includes prime brokers, broker dealers, hedge funds, asset managers, credit unions, REITs, securities lenders and insurance companies.

Bilateral Transactions

    • Mirae acts as principal
    • Master Repurchase Agreement governs the transaction
    • The transaction is cleared Delivery vs Payment (DVP) via the Fed-wire
    • Product types include Treasuries, (Specials and General Collateral), Agency Debentures, and Agency MBS pools
    • Maturities range from overnight/open to 365 days

Tri-Party Transactions

    • Mirae acts as principal
    • Transactions governed by standard Master Repurchase Agreements and Custodial Undertaking Agreements
    • Mirae utilizes a leading custodian bank as the tri-party custodian
    • Same leading custodian bank is used as the pricing agent for the underlying collateral
    • Same leading custodian bank ensures tri-party trades are properly collateralized
    • Tri-party transactions help ensure that trades are operationally efficient
    • Product types include Treasuries, (Specials and General Collateral), Agency Debentures, Agency MBS pools, Investment Grade Corporates, and Investment Grade Municipalities
    • Maturities range from overnight/open to 365 days

Securities Lending

Global Securities Lending Business consists of local traders in the US offering a large and stable supply of hard to borrow securities, in addition to trading in connection with corporate actions and special situations. We provide online locates and offer securities lending color and data analytics to Prime Brokerage clients.

In addition, Mirae has long side monetization options such as fully paid, margin participation and collateral funding (various maturities). We leverage over 100 signed MSLA’S and GMSLA’s to conduct business bilaterally and are participants in the OCC Stock Loan program. Furthermore, we introduce clients to our affiliated securities lending desks in Korea, Hong Kong and London.

    • Large Stable HTB supply
    • Automated locates – client portal
    • Special Situation Trading
    • Pre-borrow and put thru opportunities
    • Securities lending color and Data