SBL Mandate
What is the LV concentration cap for a single Hedge Fund?
25%
What was the old name for Party Central?
Client Central
What is the SBL LV for SPY?
75%
What team would you email to enable LV on cash in a brokerage account?
PBA Collateral Request
What is the name of the female security guard at White Clay?
Sandra London (AKA Sandy)
What is the lowest debt rating that qualifies as Investment Grade when dealing with Single Stock concentrations?
BBB-
What three columns need to be filled out in the LGD Manual Upload excel file when using a manual LGD template (data comes from statements)?
Identifier (CUSIP, Ticker, etc.), Quantity, LOB
What does FGI stand for and what is the Thematic LV for the strategy?
Focused Growth International Strategy - 70%
What team would you go to to calculate the break funding fee for a term loan?
Match Funding Desk
Which NCC building had a literal Jungle in it?
NCC4
If a single stock is unrated in Bloomberg, the stock can be treated as Investment Grade under what scenario?
If the market cap is >$10B
When running an LPT for a Letter of Credit, what additional step needs to be done before inputting the spread?
You need to input the SBLC proposed pricing in the "Proposed Pricing" tab (SBLC size * spread)
What federal reserve law governs what can and can't be used as collateral for PLCs?
Regulation T
What team would you email to convert a facility from Non-Purpose to Purpose while keeping the same FAC ID?
RRC Help
Name all 5 cities and states where SBL team members sit?
Newark, DE
Westerville, OH
Miami, FL
Plano, TX
New York, NY
What % tax per $100 is due to the State of Florida when a promissory note is signed within Florida? And what is the dollar cap on this tax?
0.35% / $2,450
When pulling a CGS, what state requires you to manually order it, and has a waiting period to receive the CGS?
New Jersey
What is the max LV stretch under the SBL product (describe in detail)?
15% of the margin requirement (Market Value - Lending Value) * 15%
What is the name of the individual that sends out Fixed Rate COFs each day (most common person)?
Bill Brotzman
Name all 3 individuals on the SBL naughty list?
Luke
Jake
Sayantan
When does PB Capital Markets need to get involved with an SBL single stock deal? (2 requirements)
When the single stock is concentrated >95% and the line size is >$10MM
What row do you go to in the GAUSS Peak Exposure Grid to calculate the additional exposure for a term loan?
274
What two factors determine the Lending Value for a structured note?
The Issuer & Underlying Asset
What team would you reach out for with billing questions on an Advised Line and a Letter of Credit? (2 separate teams)
WLS WM Bilat Servicing Inquiry (ACC: WLS) / Manila Trade Bills (ACC: Trade and Working Capital SBLC Billing)
Name 7 SBL Delaware team members that have quit the department since Luke joined (Sept. 2021)?
Graham, Zach, Kate, Geno, Venus, Rakia, Jillian