SIX welcomes DNB Bank ASA as new Repo participant
SIX welcomes DNB Bank ASA as its newest member on the CO:RE Repo Market.
With its go live, DNB Bank ASA gains access to more than 150 national and international counterparties that are already active on the market.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:
“‘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 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.