Securities Finance February 2022 Snapshot
Global securities finance revenues totaled $825m in February, a 2% YoY rise. The YoY increase was primarily the result of increasing balances, with most major categories showing YoY growth apart from EMEA & ADRs. February did see a resurgence in American equity spreads primarily driven by YoY growth in balances even though the utilization remained flat. For the second consecutive month, ADRs saw a YoY decline in revenues, loan balances and fees in February. In this note, we will discuss the drivers of February revenue.
The full report is available at https://ihsmarkit.com/research-analysis/securities-finance-february-2022-snapshot.html