OTC

Results of the March 2024 Survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD)

Retrieved on: 
Thursday, April 18, 2024
Reproduction, Credit, Frankfurt, Publication, OTC, Communication, European Central Bank, ECB, Security (finance)

Stock market development and familiarity (language and distance) are considered key determinants for home bias.

Key Points: 
  • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
  • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD) - March 2024

Retrieved on: 
Thursday, April 18, 2024
Reproduction, European Central Bank, Bank for International Settlements, Commodity, Attention, Documentation, ECB, Liquidity, Insurance, Risk, Committee, Frankfurt, Bank, Internal, Table, Equity, Credit, OTC, Foreign, Interest, Intensity, ISDA, Government, Total, Eurosystem, Convertible, Palladium

Survey on credit terms and

Key Points: 
    • Survey on credit terms and
      conditions in euro-denominated
      securities financing and OTC
      derivatives markets (SESFOD)
      March 2024
      The Eurosystem conducts a three-monthly qualitative survey on credit terms and
      conditions in euro-denominated securities financing and over-the-counter (OTC)
      derivatives markets.
    • The survey questions are grouped into three sections:
      1.

      counterparty types ? credit terms and conditions for various counterparty
      types in both securities financing and OTC derivatives markets;

      2.

      securities financing ? financing conditions for various collateral types;

      3.

      non-centrally cleared OTC derivatives ? credit terms and conditions for
      various derivative types.

    • The survey focuses on euro-denominated instruments in securities financing and
      OTC derivatives markets.
    • For securities financing, the survey refers to the
      euro-denominated securities against which financing is provided, rather than the
      currency of the loan.
    • Reporting institutions should report on their global credit terms, so the survey is
      aimed at senior credit officers responsible for maintaining an overview of the
      management of credit risks.
    • SESFOD March 2024

      2

      March 2024 SESFOD results
      (Review period from December 2023 to February 2024)
      The March 2024 Survey on credit terms and conditions in euro-denominated
      securities financing and OTC derivatives markets (SESFOD) reports qualitative
      changes in credit terms between December 2023 and February 2024.

    • Looking at credit terms and conditions for the various types of non-centrally cleared
      OTC derivative, initial margin requirements increased slightly for all derivative types.
    • Survey respondents reported mostly unchanged conditions as regards the maximum
      amount of exposure and the maximum maturity of trades.
    • Moreover, they reported that the volume of valuation disputes had
      declined for all derivative types except credit derivatives.
    • The survey asked respondents to compare credit terms
      and conditions on the cut-off date for the March 2024 survey round (i.e.
    • Compared with the
      previous year, overall terms and conditions for securities financing and OTC
      derivatives transactions had eased somewhat across all counterparties, while credit
      standards for funding secured against various types of collateral and non-price terms
      in OTC derivatives markets were generally tighter.
    • Credit terms and conditions for various counterparty types in both
      securities financing and OTC derivatives markets
      Overall credit terms and conditions eased between December 2023 and
      February 2024 (Chart A).
    • The overall easing of conditions masked some
      heterogeneity between price and non-price terms, and across different types of
      counterparty, though reported changes were relatively small.
    • Credit terms and conditions for various types of non-centrally
      cleared OTC derivative
      Initial margin requirements increased slightly for all derivative types.
    • Meanwhile, they reported
      unchanged conditions for credit derivatives referencing sovereigns and commodities,
      as well as a slight deterioration for credit derivatives referencing corporates and
      structured credit products.
    • The survey asked respondents to compare the credit terms and conditions observed
      on the cut-off date for the March 2024 survey (i.e.
    • Compared with the previous year, overall terms and conditions for securities
      financing and OTC derivatives transactions had eased somewhat across all
      counterparties.
    • Survey respondents reported that non-price credit terms in OTC derivatives
      markets had tightened somewhat for almost all types of derivative relative to
      the previous year.

EQS-News: Successful completion of preset purchase plan for the acquisition of Northern Data Group shares by CEO Aroosh Thillainathan

Retrieved on: 
Wednesday, April 10, 2024
EUR, Acquisition, Ticker, OTC, NB2

Acquisition of further 208,348 Northern Data shares for a total purchase price of approx.

Key Points: 
  • Acquisition of further 208,348 Northern Data shares for a total purchase price of approx.
  • EUR 5.9 million by Mr. Thillainathan via his family office ART Beteiligungs Management GmbH in the period from 4 to 19 March 2024
    In total, acquisition of 1,062,490 Northern Data shares for a total purchase price of approx.
  • EUR 30 million in the period from 8 January 2024 to the completion of the standing order on 19 March 2024
    Mr. Thillainathan’s stake in Northern Data Group thereby increased to 3,823,806 shares, corresponding to approx.
  • 7.15% of the current share capital
    Frankfurt/Main – 21 March 2024 – Northern Data AG (‘Northern Data Group’; Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) today announces the successful completion and the results of its CEO Aroosh Thillainathan's preset share purchase plan.

GF Securities Announced 2023 Annual Results Adhering to Principal Duties and Business Focus, Promoting the High-quality Development of the Company to a New Stage

Retrieved on: 
Wednesday, April 10, 2024
The Company, Finance, GF Securities, Bank statement, Statistics, Science, Policy, TMT, Iron, Risk management, Philosophy, ESG, Knowledge, Research, Acquisition, NEEQ, Customer, OTC, Generation Z, Investment, Orientation, Consultant, Professional, Conference, GF, News, WIND, Bank

Adhering to principal duties and business focus, striving to improve and strengthen core business

Key Points: 
  • Adhering to principal duties and business focus, striving to improve and strengthen core business
    GF Securities has four business segments: investment banking, wealth management, trading, and institution and investment management.
  • It has obtained full-service license and established a complete business chain with perfect layout and leading strength.
  • As of the end of 2023, the Company had more than 4,400 securities investment consultants, ranking No.
  • As of 31 December 2023, the Company has issued a total of 103,184 OTC products with an aggregate amount of approximately RMB2,445.63 billion.

Guerbet: Change in Guerbet’s Board of Directors.

Retrieved on: 
Wednesday, April 10, 2024
Financial management, Supervisory board, Trust, Central nervous system, Patient, GBT, Sanofi, Hospital, Mass meeting, Audit committee, MBA, OTC, BPI, Management

Guerbet: Change in Guerbet’s Board of Directors.

Key Points: 
  • Guerbet: Change in Guerbet’s Board of Directors.
  • Hugues Lecat’s appointment as a director will be submitted for approval at the next Shareholders’ Meeting.
  • The management experience acquired by Hugues in large companies in the pharmaceutical sector will help guide the Group in achieving further success.
  • Hugues was also a member of the Board of Directors of NOVASEP on behalf of BPI between 2012 and 2017.

Pekuakamiulnuatsh First Nation and First Phosphate Announce Collaboration Agreement

Retrieved on: 
Tuesday, April 9, 2024
Lithium, First Nations, Culture, Agreement, Project, Saguenay–Lac-Saint-Jean, Phosphate, First, LFP, OTC, Heart, Lithium iron phosphate, Government, Rare-earth element

Mashteuiatsh--(Newsfile Corp. - April 9, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") and Pekuakamiulnuatsh Takuhikan (the "First Nation") announce the signing of a collaboration agreement with respect to its proposed phosphate mine and Lithium Iron Phosphate (LFP) cathode active material plant project in the Saguenay-Lac-Saint-Jean Region of Quebec, Canada (the "Project").

Key Points: 
  • Mashteuiatsh--(Newsfile Corp. - April 9, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company") and Pekuakamiulnuatsh Takuhikan (the "First Nation") announce the signing of a collaboration agreement with respect to its proposed phosphate mine and Lithium Iron Phosphate (LFP) cathode active material plant project in the Saguenay-Lac-Saint-Jean Region of Quebec, Canada (the "Project").
  • The collaboration agreement signed today in Mashteuiatsh, in the presence of the Chief of the Pekuakamiulnuatsh First Nation, Gilbert Dominique, and the CEO of First Phosphate, John Passalacqua, is an important step in the development of the Project.
  • "We are satisfied with the collaboration agreement reached today with First Phosphate, which allows us to establish the basis for exploration work on the Nitassinan, our ancestral lands.
  • We thank the Pekuakamiulnuatsh Nation for their openness and friendship," said John Passalacqua, CEO of First Phosphate.

First Phosphate Drills a 2 m Vein of Massive Apatite at Its Begin-Lamarche Project in Saguenay-Lac-St-Jean, Quebec, Canada

Retrieved on: 
Tuesday, April 2, 2024
Saguenay, Apatite, Phosphate, OTC, See, Atomic mass, PO4, Critical, Road

In total 16,435 m of drilling have been completed to date and assays have now been returned for 5,642 m since drilling began in February 2024.

Key Points: 
  • In total 16,435 m of drilling have been completed to date and assays have now been returned for 5,642 m since drilling began in February 2024.
  • Phosphate Mountain Zone: Hole BL-24-82 intersected 2 m of massive apatite while other drill holes in this zone continued to yield core results of 30%+ apatite.
  • "The Mountain and Northern Zones show high-grade phosphate on surface while the Southern Zone shows large tonnage potential over a strike length of 1.5 km."
  • Apatite is very common as an accessory mineral in igneous and metamorphic rocks where it is the most common phosphate mineral form to be found.

First Phosphate Reports Published Research Studies for its Lac à l'Orignal, Mirepoix and Bégin-Lamarche Properties in the Saguenay-Lac-St-Jean region of Quebec, Canada

Retrieved on: 
Tuesday, March 26, 2024
Mineralium Deposita, Science, Phosphate, Doctor of Philosophy, LFP, Saguenay–Lac-Saint-Jean, Publication, OTC, UQAC, Research report, UQAM, PPA, Chlorine, Mirepoix, Rare-earth element

Saguenay, Quebec--(Newsfile Corp. - March 26, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company"), is pleased to announce that two peer-reviewed publications in scientific journals and one research report have been published on its phosphate properties at Lac à l'Orignal, Mirepoix and Bégin-Lamarche in the Saguenay-Lac-St-Jean region of Quebec.

Key Points: 
  • Saguenay, Quebec--(Newsfile Corp. - March 26, 2024) - First Phosphate Corp. (CSE: PHOS) (OTC: FRSPF) (FSE: KD0) ("First Phosphate" or the "Company"), is pleased to announce that two peer-reviewed publications in scientific journals and one research report have been published on its phosphate properties at Lac à l'Orignal, Mirepoix and Bégin-Lamarche in the Saguenay-Lac-St-Jean region of Quebec.
  • "High purity Quebec igneous phosphate rock as is found in the Company's properties is believed to be able produce a large quantity of purified phosphoric acid ("PPA") to serve North America's electrification requirements."
  • The three published studies can be found at:
    Petrogenesis of oxide-apatite mineralization associated with Proterozoic anorthosite massifs at Lac Mirepoix, Quebec, Canada: A multi-injection model for Fe-Ti-P mineralization in the Central Grenville Province
    1Pedro Miloski, 1Sarah Dare, 2Caroline-Emmanuelle Morisset, 3Morgann G. Perrot, 3Joshua H.F.L.
  • 1Département des Sciences Appliquées, Université du Québec à Chicoutimi (UQAC); 2Agence Spatiale Canadienne; 3Département des Sciences de la Terre et de l'Atmosphère/GEOTOP, Université du Québec à Montréal (UQAM) Published in Ore Geology Reviews as part of a PhD thesis.

ALX Resources Corp. Intersects Uranium Mineralization at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

Retrieved on: 
Monday, March 25, 2024
Lithium, CPS, Uranium, ALX, Eldorado Resources, Fracture, Mount, Radioactive decay, News, El Dorado, Weather, OTC, Australian Securities Exchange, Uranium mining

Vancouver, British Columbia--(Newsfile Corp. - March 25, 2024) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce an update on the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 25, 2024) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce an update on the 2024 winter drilling program at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan.
  • Anomalous radioactivity and fracture-controlled uranium mineralization was intersected from 110.0 to 110.9 metres approximately 1.5 metres below the unconformity at 108.5 metres.
  • Uranium mineralization was observed as coatings on fractures in the drill core at 110.2 metres as well as other fractures between 110.0 and 110.9 metres.
  • Weather conditions remain satisfactory for the operation of equipment and personnel and the work is proceeding as scheduled.

ALX Resources Corp. Announces Commencement of 2024 Winter Drilling Program at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

Retrieved on: 
Thursday, March 14, 2024
Lithium, ALX, News, Weather, OTC, Australian Securities Exchange

Vancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a diamond drilling program has commenced at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - ALX Resources Corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce that a diamond drilling program has commenced at its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan.
  • Drilling in up to six (6) holes totaling approximately 1,200 metres is planned and is anticipated to continue until the end of March 2024.
  • The 2024 winter drilling program at Gibbons Creek (see Figure 1) is designed to test for unconformity-type and basement-hosted uranium mineralization in the eastern area of the Project.
  • Proximity to the community and infrastructure of Stony Rapids adds greatly to the efficiency of the exploration program.