Treasury
Newedge settles payments and receipts in most global currencies including many emerging market currencies.
With Newedge, clients can cover all their requirements in a single currency. We can also sweep excess/deficit into one currency if required.
Customers may request ‘zero’ margining whereby each excess/deficit in a single currency is automatically swept to the desired banking details every day. The cash executions paid to and received from Newedge on a daily basis are very flexible but adhere to strict procedures to prevent money laundering and fraud.
Clients trading in multiple markets worldwide can request that residual balances are automatically converted into the base currency of the account on a daily, weekly, fortnightly or monthly basis. Balances must be validated by the client before the foreign exchange transactions are executed in the markets.
To support our treasury and collateral management services, Newedge has established relationships with CREST, Clearstream, DTCC and Euroclear as international depositories for the receipt and delivery of securities. In addition to these relationships, Newedge can settle foreign exchange transactions and is a third party member of CLS covering must major currencies including NDFs (Non-Deliverable Forwards).
Our full SWIFT membership allows the instruction of customers and banks in all types of messages.
Collateral Management
Newedge is able to accept a wide variety of collateral to satisfy both initial and variation margin requirements. Detailed daily and monthly reports are available through our web portals which display these calculations online.
Newedge can also buy collateral on behalf of clients thanks to our internal treasury staff, either through repos or through outright trades in the market.
We help clients in terms of collateral management. Depending on the complexity of the collateral matching versus the initial margin requirements, some funding requirements necessitate a more detailed explanation, consistent with applicable regulations, and we are more than happy to cater to client needs in this area.
Our policy around collateral is extremely flexible and we endeavour to accommodate your needs as best we can, subject to any credit/risk, clearing house, exchange and regulatory constraints.
