Correspondent Clearing - new

Mirae Asset
client services
Correspondent Clearing

Correspondent Clearing

Providing Efficient Solutions

  • We provide equity and fixed income institutional broker-dealers with fully integrated correspondent clearing services in major global markets.
  • We offer a broad range of products that connect clients’ front ends with our advanced clearing and custody platforms.
  • Our dedicated US-based support model offers experienced and personalized attention.
  • We provide superior clearing services, including: cutting- edge technology, flexible reporting, Mirae Prime Portal business advisory services and a dedicated support team.

by Dina Nemeth

Global Securities Financing - new

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

by Dina Nemeth

Disclaimers

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News & Announcements

News & Announcements

News & Announcements

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Multimedia

MULTIMEDIA

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Corporate Overview

The Mirae Asset Financial Group was founded in 1997 in the wake of the Asian financial crisis. Today, Mirae Asset possesses the global capability to deliver our best ideas to investors around the world via an on-the-ground presence in 18 markets including: Australia, Brazil, Canada, China, Colombia, Hong Kong SAR*, India, Indonesia, Japan, Luxembourg, Mongolia, Singapore, South Korea, UAE, the United Kingdom, the United States and Vietnam. Mirae Asset Financial Group offers comprehensive financial services through its core businesses with total assets under management of $598.8 billion as of December 31, 2023.

*Special Administrative Region of the People’s Republic of China

View Our Story

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We are committed to providing personalized boutique services to the institutional investor community.  Due to recent regulatory developments, such as Basel III, many of our competitors have had severe restrictions placed on their ability to lend, trade or hold assets—especially, if they are owned by bank holding companies. Mirae Asset Securities is not owned by a bank holding company and can fill this void.

In addition, because of the global presence and brand recognition of our firm, we have the financial and technological resources to support a broad array of clients and strategies. We have assembled a highly experienced team of professionals to meet the needs of our clients.

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