SIX Welcomes DNB Bank ASA as New Repo Participant

SIX is pleased to announce the go live of DNB Bank ASA on the CO:RE Repo Market. As a participant, DNB Bank ASA benefits from a liquid market and the entire value chain. With a single agreement, the Swiss Master Repo Agreement, DNB has access to all participants and a highly liquid market with a Daily Outstanding Volume of around CHF 70 billion, and where repo contracts in 14 currencies and in different baskets are traded.

Nerin Demir, Head Repo and Collateral Management, SIX, comments: “We are pleased to welcome DNB Bank ASA to the SIX Repo Market, further broadening our international group of participants and widening our market’s footprint in the Nordics. We are looking forward to supporting DNB in optimizing their financing via our state of the art infrastructure.”

Paul Bellini, Head of Repo at DNB at DNB Bank ASA, adds further: ‘SIX offers an attractive and liquid market for us and we are looking forward to our first transactions on CO:RE. We thank the SIX Repo team for the good collaboration and support during the on-boarding process.’’

DNB’s go live takes place in a changing market environment, where the SIX Repo Market has seen record volumes, driven by the recent monetary policy changes and the return of positive interest rates. “The access to our market offers DNB an additional option for their liquidity management and we are excited to connect them with our existing participants“ comments Christian Geiger, Head Repo and Collateral Management Sales, SIX.

DNB Bank ASA is Norway's largest financial services group and one of the largest in the Nordic region in terms of market capitalization. The Group offers a full range of financial services, including loans, savings, advisory services, insurance and pension products for retail and corporate customers.

Tailor-Made Liquidity for Your Needs
The repo and over-the-counter (OTC) trading markets represent a substantial source of liquidity, which can be tailored precisely to the participant’s needs. New participants do not only benefit from a smooth onboarding process but also from a seamless functionality, a high liquid market, a wide range of integrated and individual services and an outstanding service.

Collateral Management for All Transactions
The many different purposes and uses of collateral make it difficult to keep an eye on the various limits and requirements at all time: e.g. triparty repo, CCP repo, derivatives margining, securities lending and full title transfers. The Collateral Cockpit™, which simplifies the management of collateral and makes it visualizable and very easily plannable, offers an all-in collateral management suite: from collateral trading and allocation to mobilization. Collateral management has never been so easy and simple!

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