Capitolis registers swap dealer in strategy refresh
Vendor’s SBSD registration may facilitate unique multi-seller platform for equity swap business
Capital-optimisation firm Capitolis has registered a security-based swap dealer (SBSD), Capitolis Liquid Global Markets, with the US Securities and Exchange Commission (SEC) – a move that could represent a shift in strategy for the vendor’s equity swap financing platform.
The decision may also put pressure on other providers, including Guggenheim and Cantor Fitzgerald, to register SBSDs for similar asset-backed commercial paper activities.
Capitolis’s equity swap programme, Ionic Capital Trust
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