Traders and operations executives won’t be the only ones affected by Standard & Poor’s downgrade of U.S. government debt and the European sovereign debt crisis.
So could plan sponsors which have lent out their securities and received either cash or fixed-income securities as collateral. The securities lending portfolios and collateral will have to be revalued and borrowers may well have to put up more securities as collateral. Also affected are collateral pools- investment vehicles used by custodian banks to park cash collateral.
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