BNY Mellon announced today that it is the first agent lender to clear a client trade on Eurex’s Lending CCP. This move, some four years in the making at BNYM and eight years at Eurex, could mark a turning point for beneficial owners, agents and borrowers in securities lending capacity and market structure. We spoke with BNY Mellon and several buy-side firms on where things go from here.
This content requires registration. Get access today by signing up here.
1 Comment. Leave new
[…] Struik cited “cost and operational efficiencies” in its decision to join. BNY Mellon’s James Slater said that while the CCP offered immediate benefits for regulatory reporting and counterparty capital […]