Global Securities Financing


Securities Lending

  • Large HTB supply
  • Special Situations Trading
  • Affiliate desks – Korea, HK, London
  • Automated locates – client portal
  • Competitive pricing on short side
  • Ability to pre-borrow
  • Over 100 MSLA’s, GMSLA’s
  • Securities Lending Color and Data Analytics
  • Well capitalized – focus reports

Repurchase Agreements (REPO)

Repos are an integral product within the financial markets. This product provides liquidity to support fixed Income and equity markets, particularly the U.S. Treasury market. Repo is used as a cash management tools amongst many market players. It can be used by cash-rich institutions to earn interest income. Mirae’s market expertise and global trading capabilities enable us to service a diversified client base. Our client base includes prime brokers, broker dealers, hedge funds, asset manager, credit unions, REITs, sec-lenders, and insurance companies.

Bilateral Transactions

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

Tri-Party Transactions

    • Mirae acts as principal
    • Master Repurchase Agreement and Custodial Undertaking Agreement governs the transaction
    • Mirae utilizes Bank of New York Mellon (BNYM) as the triparty custodian
    • BNYM is the pricing agent for the underlying collateral
    • BNYM ensures are triparty trades are properly
    • Triparty transactions are operational efficient
    • Product types are treasuries, (Specials and General Collateral), Agency debentures, Agency MBS pools, Investment grade corporates, and Investment Grade Municipalities