Award-winning Inter-Dealer Broker (IDB) Tullett Prebon has joined the Climate Bonds Initiative Partnership Programme effective immediately
Who is Tullet Prebon?
Domiciled in the UK, Tullett Prebon is a leading Inter-Dealer Broker (IDB) with a product range that includes Fixed Income Securities and their derivatives, Interest Rate Derivatives, Treasury products, Equities and Energy and Commodities. Tullet Prebon operates primarily in the wholesale financial and energy sectors and has particular expertise in global energy markets.
Who’s Saying What?
Tullett Prebon Head of Environmental Products, Dan Thompson, said
“We are very pleased to be partnering with the Climate Bonds Initiative, in an effort to transition to a low carbon and climate resilient economy via the bonds market.”
“Tullett Prebon has been a committed presence in environmental markets for a number of years. We recognise the importance of responsible investing in the development of climate friendly energy and transport solutions and are committed to using our market expertise to increase liquidity in this growing area.”
Climate Bonds CEO Sean Kidney, said:
“As a longstanding IDB Tullett Prebon has a unique perspective on the operation of international finance. Their insights and experience are a welcome addition to our partners’ programme particularly given their involvement in energy markets.”
“As we further develop green bonds as a source of long term finance, Tullett Prebon’s expertise and knowledge especially around secondary markets will be invaluable. We’re very excited at this opportunity to partner with them and work together on creating sustainable climate finance solutions.”
What’s an IDB?
Inter-Dealer Brokers (IDBs) help find and match buyers and sellers of large, usually illiquid, blocks of securities that are generally unable to be traded on an exchange.
In the fixed income markets, IDBs are specialized securities companies serving as intermediaries which facilitate transactions between broker/dealers and dealer banks in the debt markets.
The IDB community distributes information and facilitates transactions in the secondary, or wholesale, financial debt markets between dealers and dealer banks around the world.
Typically, markets which make extensive use of IDBs include the corporate bond, fixed income derivatives, U.S. Government and Agency, municipal securities and emerging markets.
What’s the Partners Programme About?
NGOs, banks, institutional investors and governments are eligible to join as Climate Bond Partners to help rapidly grow a market of green and climate bonds.
Partners assist in developing initiatives to grow investment in climate solutions, participate in different market development committees and help define policy agendas for sector, country and sub-national programs.
Other recent partners include leading information provider Thomson Reuters, global audit firm EY, asset managers BlackRock Inc. and Allianz Global Investors.
Further background is available here.
The Last Word
The world of IDBs and secondary markets doesn’t have the profile of equities and property but are vital to liquidity and global trade in bonds, fixed income and debt products.
Tullet Prebon is an industry leader amongst IDBs. joining the partnership program is a positive pointer to green bond market development. Congratulations!
Disclaimer: The information contained in this communication does not constitute investment advice and the Climate Bonds Initiative is not an investment adviser. Links to external websites are for information purposes only. The Climate Bonds Initiative accepts no responsibility for content on external websites.
The Climate Bonds Initiative is not advising on the merits or otherwise of any investment. A decision to invest in anything is solely yours. The Climate Bonds Initiative accepts no liability of any kind for investments that any individual or organisation makes, nor for investments made by third parties on behalf of an individual or organisation.
