IHS Markit has added new functionality and enhancements across its Securities Finance data and analytics platform, including:
- Corporate Actions Integration: in collaboration with its Managed Corporate Actions business, the Securities Finance platform can provide notifications of more than 15 corporate actions types, alerting customers to record dates, effective dates and meeting dates of upcoming corporate actions, including bonus issues, dividend reinvestment plans (DRIP), exchange offers, rights issue, stock dividend, spin-offs, annual and special general meetings, stock splits, reverse stock splits, mergers and acquisitions/takeovers. These data points will bring customers greater visibility on corporate actions for increased revenue opportunities, enhanced risk management and to help with voting and ESG-related activities.
- Securities Transaction Execution Analytics Report (STEAR): a daily analytical report that can complement a firm’s approach to best execution for securities finance. It’s customizable to each user and leverages IHS Markit’s $29+ trillion securities finance dataset to examine transactions against all other similar market transactions over a 1-day or 3-day period. This will help focus reviews on trade exceptions and provide greater transparency using the most comprehensive data available.
- Stability Metrics in Performance Measurement: clients now have an additional option to align their program and peer group by stability/turnover of the fund ranging from Most Stable to Most Unstable funds. Funds are classified as per the IHS Markit proprietary algorithm that calculates changes in fund composition based on the previous 4 quarters and classifies them into 5 different buckets, from Most Stable (1) to Most Unstable (5). The filter can be used in conjunction with the client and group filters available in the IHS Markit Securities Lending Performance Measurement tool and with other leading fund characteristics, including minimum spread/fee, credit quality of assets and credit quality of lender, as provided by Credit Benchmark.
- Daily China Public Disclosure Data: The platform now includes daily disclosure data on short positions from the Shanghai Stock Exchange and Shenzhen Stock Exchange, broadening IHS Markit’s breadth and depth of coverage in the APAC region.
Kabin George, Executive director and global head of Product Management for IHS Markit Securities Finance, said in a statement: “Over the past year, the market rapidly evolved and revenue production was reduced, so it has never been more important for us to provide our clients with additional transparency and new unique insights.”
Paul Wilson, managing director and global head of IHS Markit Securities Finance, said in a statement: “In addition to these valuable product enhancements, we have added more than 20 new data contributors to our platform, thereby expanding our analytical universe to more than $29 trillion in securities finance transactions.”