麻豆影视传媒

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities 麻豆影视传媒 News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities 麻豆影视传媒 News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Industry news
  3. Primary Dealers access to HFF麓s securities Lending facilities
Industry news

Primary Dealers access to HFF麓s securities Lending facilities


22 June 2011 脥产煤冒补濒谩苍补蝉箩贸冒耻谤
Reporter: Justin Lawson

Generic business image for news article
Image: Shutterstock
On June 21st, the Housing Financing Fund (HFF) signed agreements regarding HFF
bond issuance and market making in the secondary market.

The objective of the agreements is to enhance HFF麓s access to funding and
strengthen price formation in the secondary market.



The following topics describe the content of the agreement:

Primary Dealers have exclusive rights to submit bids at HFF auctions.
Primary Dealers have exclusive access to HFF麓s Securities Lending
Facilities.
Primary Dealers are obligated to submit bids at each auction for ISK 600
million at nominal value.
A Primary Dealer is a market maker in the secondary market for all HFF
bonds and submits a minimum bid of ISK 100 million at nominal value for
each bond series at Nasdaq OMX in Iceland.
A Primary Dealer is obligated to keep the maximum spread between bid and
ask quotes as specified in the agreements.
A Primary Dealer is required to renew his/her offers within ten minutes
after they have been accepted. If the Primary Dealer's total transaction in
one series during that day equals ISK 500 million at nominal value, the
Primary Dealer is entitled to diverge from the maximum spread requirement
for that particular series for the remainder of that day.
The agreement is valid from July 1st, 2011 to June 30th, 2012. Total
compensation paid to all Primary Dealers is ISK 80 million during the term
of the agreement for market making in the secondary market and receive a
0,175% commission for accepted bids in HHF bond auctions.
← Previous industry article

UAE to offer Islamic repo
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities 麻豆影视传媒 Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →