Secured cash investments, defined as cash-driven repurchase agreements through which non-banks provide cash in return for collateral such as government bonds from their bank, have grown substantially in all major European markets as a consequence.
The study identifies the drivers behind recent growth in secured cash investment markets, reviews developments in offerings, provides perspectives of non-bank and bank participants, and concludes with an outlook, summarising the key trends shaping the market. The study relies to a large extent on in-depth interviews with decision makers in the European money market industry. Interviewees were selected from across the bank and non-bank segments in order to develop a comprehensive picture of current and emerging market practices.
