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Markets and Time Zones

Markets and Time Zones

The specific market the collateral and loaned securities are settling in is a key factor in this. If the loan and collateral are in different markets and in different time zones, the period of time a counterparty may be exposed will increase. e.g. On a portfolio made up of Japanese collateral and US Loans, the Japanese Collateral would need to be pledged first thing in the morning to settle in the Japanese market, but the US Treasury loan could only be released when the US market opens later that day. (IBP-176 AGREED IN 2017)

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