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Europe Daily Bulletin No. 8408

26 February 2003
Contents Publication in full By article 26 / 41
GENERAL NEWS / (eu) eu/eib
EIB entrusts ABN AMRO with management of securities on derivatives

Luxembourg, 25/02/2003 (Agence Europe) - The European Investment Bank (EIB) has just announced the outsourcing of the derivatives collateral management activities, which will be entrusted to ABN AMRO, while ABN AMRO Mellon was selected to act a global custodian of all the collateral bonds. ABN AMRO will act as the EIB's collateral agent and, as such, will be responsible marking collateral to market prices, with managing margin calls, returns and substitutions, as well as with ensuring...

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