Triparty required value
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A triparty required value (RQV) is the value of collateral required by a securities lending lender in exchange for the outstanding loans that they have made to their borrower. An RQV will be satisfied through a combination of collateral types, such as equities, government bonds, convertible bonds, cash, or other products. RQV collateral requirements can be very complicated, involving instrument attributes such as how heavily traded they are, their minimum price, specific indexes, redemption dates, and other fields.[1]
Vendors providing RQV services[edit]
 | This section needs to be updated. (February 2024) |
- BNY Mellon[1]
- Clearstream[2]
- Euroclear[3]
- JPMorgan Chase[1][2][4][5]
- Pirum[1][2][4]
- SIX Swiss Exchange
References[edit]
- ^ a b c d Lavers, Georgina (2012-05-04). "Pirum automates RQV processing". Securities Finance Times. Archived from the original on 2018-05-04. Retrieved 2024-02-09.
- ^ a b c Crichton, Merle (2017-10-11). "Clearstream and Pirum launch triparty collateral solution". Global Investor. London. ISSN 0951-3604. ProQuest 1975605176. Retrieved 2024-02-09 – via ProQuest.
- ^ "Euroclear partners with Pirum on tri-party securities lending". Futures & Options World. 2016-04-13. Retrieved 2024-02-09.
- ^ a b Benie, Diepak (2015-12-04). "Pirum is Automating the Triparty RQV Process". LinkedIn. Retrieved 2024-02-09.
- ^ Nicol, Drew (2020-11-27). "Pirum and J.P. Morgan launch triparty dual matching service". Securities Finance Times. Retrieved 2024-02-09.