MF Global was approved by the Federal Home Loan Bank System (FHLBank) as an underwriter and a reallowance dealer.
The approval means MF Global is now allowed to directly participate in the underwriting of the FHLBank system’s debt programs, including full access to FHLBank’s discount window, and assist with the financing of the agency’s member banks.
Additionally, this new status will enhance MF Global’s ability to fulfill fixed income customers’ reverse inquiries for new issuance of FHLBank debt, while also providing other individualized solutions for clients.
“This underwriting capability compliments our already robust fixed income product offering and broad market access, and is another step in our strategy to further expand our fixed income business,” said Peter McCarthy, global head of fixed income at MF Global. “This new status enables us to even better serve our clients and further enhances our ability to provide customized solutions tailored to their specific needs. We look forward to working with the FHLBank to better serve their member banks as well as MF Global clients.”