All Features articles – Page 595
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Features
Managing the risks
To combat the risks of a loan return not being made or being delayed, the borrower will be re-quired to deliver collateral to the lender, usually with a market value which exceeds the loaned securities by a margin, typically between 5% and 15%. The margin allows for any variation in ...
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Features
Views from other side of the table
Pension funds are losing their traditional ambivalence about securities lending, according to ‘borrowing’ institutions.Securities lending is becoming a mainstream activity,” says Roy Zimmerhansl, director of equity finance at Nomura in London. “There is a lot less fear and loathing than 10 years ago and more people are talking about it ...
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Features
Polish reform
The mandatory pensions reform in Poland has completed its legislative passage. President Aleksander Kwasniewski gave his assent to the bill last month. Funds are on course to begin operation on 1 January1999.
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Features
TeleDanmark
With assets of around Dkr18bn ($12.1bn), the TeleDanmark pension scheme is a giant that dominates the corporate pension provision landscape in Denmark. The scheme was long established as part of the original state-owned companies brought together in 1990 to form TeleDanmark, prior to its partial privatisation in 1994. The pension ...
