Securities Lending

DataLend, securities finance, Securities Lending

Data for March 30, 2020 For more DataLend updates, visit https://datalend.com/datalend-daily-market-overview/

FIS Astec shows European equity seclending volumes up 110% since Feb 1, US equities seclending up 16%

March 27, 2020

FIS, Securities Lending

The world is getting shorter: the last two months have seen asset borrowing volumes rise fast. European equity volume is up 110 percent since February 1, with US equities rising…

Bank of Japan announces additional measures to stabilize repo and securities lending markets

March 25, 2020

Bank of Japan, Repo, Securities Lending

The Bank of Japan released “Market Operations toward the End of March” and announced measures to maintain stability of the repo market on March 13. In addition, the Bank has…

Initial securities lending impacts from the coronavirus (Premium)

March 24, 2020

Securities Lending

Agent Lenders, cash collateral, prime brokers, Securities Lending, topstory

While agent lenders report that securities lending volumes are up (adjusted for the fall in equity prices), there are also reasons to heighten readiness for some hard to manage aspects…

Financial Standard: UniSuper suspends stock lending

March 17, 2020

Australia, Securities Lending, UniSuper

The $85 billion super fund has requested BNP Paribas Securities Services to suspend stock lending, effective immediately. UniSuper said restricting the ability to short-sell is in the best interests of…

Competitive analysis of the top securities borrowers from US mutual funds and ETFs (Premium)

March 10, 2020

ETFs, Investments, Prime Brokerage, Securities Lending

ETFs, Goldman Sachs, J.P. Morgan, Morgan Stanley, mutual funds, Scotiabank, Securities Lending, topstory

Data collected across $6.9 trillion in assets on loan by US mutual funds and ETFs show the top borrowers of securities from end of Q4 2019. The top three are…

ING invests in seclending blockchain platform HQLAx

March 9, 2020

blockchain, collateral, HQLA, HQLAx, ING, Securities Lending

ING has invested in securities lending platform HQLAx, which went live in December 2019. ING’s blockchain team developed the initial version of the HQLAx application, which uses blockchain to facilitate…

BNP Paribas, Eurex join ISLA’s sustainability council

March 7, 2020

BNP Paribas, ESG, Eurex, ICSF, ISLA, Securities Lending, sustainability finance

The ISLA Council for Sustainable Finance (ICSF) announced that Eurex and BNP Paribas have joined as partners to the Council Executive. They join a number of beneficial owners on the…

Finadium updates: new mutual fund seclending data, SOFR Averages, events and review of market predictions

March 5, 2020

Securities Lending, SOFR

Big Data, Finadium, Repo, Securities Lending, SOFR, topstory

It’s been a very active Q1 2020 at Finadium, both in our product development and the complex changes in market dynamics that the coronavirus and Brexit have introduced. Here’s a…

BlackRock publishes policies on proxy voting for securities lending and sustainability

March 3, 2020

Blackrock, ESG, proxy voting, Securities Lending

Securities Lending Viewed through the Sustainability Lens March 2020 Recently, questions have been raised about how securities lending aligns with sustainable investing. Some seek to portray short selling — and…

OCC securities lending CCP volume up 15.5% in Feb 2020 year over year

March 3, 2020

CCP, OCC, Options Clearing Corp, Securities Lending

The average daily loan value at OCC in February 2020 was $80,711,942,428 a 15.5 percent increase compared to last February. Securities lending CCP activity decreased by 7.83 percent in new…

Benchmarking cash collateral management fees in US securities lending (Premium)

February 25, 2020

Cash management, Collateral Management, Securities Lending

cash collateral, ETFs, mutual funds, Securities Lending, topstory, US

Finadium has conducted an annual review of cash collateral management fees for US 40 Act funds in securities lending programs. As usual, the data need some analysis to find what…

Tel Aviv’s seclending blockchain moves forward with new partner

February 10, 2020

News and Notes – Fintech

blockchain, BTP, Securities Lending, Tel Aviv Stock Exchange

Blockchain Technology Partners (BTP) announced its partnership with the Tel Aviv Stock Exchange (TASE) to ensure the production readiness of its blockchain securities lending (BSL) platform and provide ongoing support…

Finadium Investors in Securities Lending (FISL) 2020 NYC agenda now live

February 6, 2020

Investments, Securities Lending

FISL, Securities Lending, topstory

We’ve posted the agenda for our Finadium Investors in Securities Lending (FISL) conference, May 13-14, 2020 in New York. Continue reading

ISLA publishes 12th securities lending market report including roadmap of EU developments through 2022

February 6, 2020

ISLA, Market Report, Securities Lending

We are delighted to announce the release of the 12th Edition of the ISLA Securities Lending Market Report. The report continues to provide a platform for us all to better…

Deutsche Börse and HQLAx execs: A solution for managing high-quality liquid assets: How distributed ledger technology can benefit the securities lending market

February 6, 2020

Deutsche Borse, distributed ledger technology, HQLAx, Securities Lending

Research paper published in Journal of Securities Operations & Custody, Volume 11 / Number 4 / Autumn/Fall 2019 For the financial industry, the need to manage high-quality liquid assets (HQLA)…

Webinar replay: Client training on Finadium’s securities lending, repo and hedge fund databases (Premium)

February 5, 2020

mstan

Hedge Funds, Prime Brokerage, Repo, Securities Lending

Data, hedge funds, mutual funds, prime brokers, Repo, Securities Lending, topstory

Finadium clients can access the webinar replay here. Continue reading

Finadium Big Ideas Quarterly Q1 2020 now online

February 5, 2020

Asia, ESG, Market infrastructure, Repo

Asia, Big Data, ESG, FISL, Repo, Securities Lending, topstory

Our quarterly presentation on research, news and events. Continue reading

Early results show securities lending fee splits decline for 55% of ’40 Act funds (Premium)

February 4, 2020

Investments, Securities Lending

Fee Splits, mutual funds, Securities Lending, topstory

With enough SEC filings now published on US mutual fund securities lending activity in 2019, we can consider whether agent lender fee splits have increased, decreased or stayed the same…

Options Clearing Corp sees seclending CCP decline of 6.56% in Jan 2020 year over year

February 4, 2020

CCP, OCC, Securities Lending

OCC’s securities lending CCP activity decreased by 6.56 percent in new loans from January 2019 with 107,395 transactions last month. The average daily loan value at OCC in January 2020…

Wematch unveils matching protocol dedicated to ETF securities lending

January 31, 2020

ETFs, Securities Lending, Wematch

Wematch has released a new matching protocol dedicated to ETFs. The new feature is addressing the complexity of the European ETF market, where one single ISIN can be associated with…

Client Training: Finadium’s securities lending, repo and hedge fund databases

January 20, 2020

Finadium Event, Hedge Funds, Prime Brokerage, Repo, Securities Lending

Data, leverage funds, Prime Brokerage, Repo, Securities Lending, topstory

Finadium will present an online training session for our clients: Finadium’s securities lending, repo and hedge fund databases will run on Wednesday February 5, 2020 at 10AM EST / 3PM GMT…

Webinar replay: An Intro to Collateralized Transactions for Students and New Professionals (Premium)

January 15, 2020

Collateral Management

collateral trading, Repo, Securities Lending, topstory, Total Return Swaps

Finadium clients can access the webinar replay and slides here. Continue reading

Finadium: Are You Ready for DTCC’s Equity Finance CCP?

January 14, 2020

CCP, Market infrastructure, Securities Lending

CCP, DTCC, equity finance, Finadium, NSCC, Securities Lending, topstory

DTCC’s equity finance central counterparty (CCP), expected to launch in early 2021, has the potential to change long-held patterns in the securities lending industry, both in the US and abroad.…

Problems with US SEC filings on securities lending: the case of BMO Global Asset Management

January 9, 2020

Investments, SEC, Securities Lending

BMO GAM, Dreyfus, mutual funds, sec, Securities Lending, topstory

US mutual fund and ETF filings on securities lending with the US Securities and Exchange Commission continue to be a mix of spot-on accurate and decidedly off-beat. They can require…

We size the global collateral markets at $19.8 trillion (Premium)

January 7, 2020

CCP, Collateral Management, Derivatives, Repo, Securities Lending

collateral, OTC derivatives, Repo, Securities Lending, topstory

Finadium conducted a market sizing exercise of the global collateral markets, including a diversity of collateral product types held by private sector market participants. Here’s what we found. Continue reading

IHS Markit’s 2019 securities lending snapshot: H1 underperformance, Q4 upswing

January 7, 2020

IHS Markit, market data, Securities Lending

Global revenue falls 6.3% to $10.1 billion 2019 delivers second-highest annual revenue in the last decade In North America, equity specials shine in 2nd half of year Fee compression weakens…

FT: Bank of Japan’s securities lending facility for ETFs set to avert liquidity squeeze

January 4, 2020

Bank of Japan, ETFs, Securities Lending

Japan acts to avert ETF market liquidity squeeze The Bank of Japan has launched an unusual lending facility for exchange traded funds as it tries to mitigate the market impact…

OCC’s securities lending CCP decreased by 4% in Dec 2019, year over year

January 2, 2020

CCP, OCC, Securities Lending

OCC’s securities lending CCP activity decreased by 4.07 percent in new loans from December 2018 with 102,583 transactions last month. Annual stock loan activity decreased 5.27 percent from 2018 with…

DataLend reports 13% decline in 2019 securities lending revenues, to $8.66 billion

January 2, 2020

DataLend, Equilend, Securities Lending

The global securities finance industry generated $8.66 billion in revenue for lenders in 2019, according to market data provider DataLend. While 2018 was a record amongst recent years for securities…

Bank of Japan announces ETF lending facility

December 19, 2019

Bank of Japan, ETF, Securities Lending

The Bank of Japan decided to introduce the ETF lending facility, through which it can temporarily lend its ETFs holdings to market participants, with the aim of improving the liquidity…

ESMA combats “un-due short-termism” in markets, no action on seclending

December 19, 2019

ESG, ESMA, Securities Lending, Short selling

The European Securities and Markets Authority (ESMA) has published its findings on potential undue short-term pressures in securities markets. The European Commission (EC) had asked the three ESAs (ESMA, EBA…

Webinar: Introduction to Collateralized Transactions for Students and New Professionals

December 17, 2019

Finadium Event

OTC derivatives, Repo, Securities Lending, topstory

January 15, 2020 10AM New York 3PM London 4PM Paris/Frankfurt In this free public webinar, Finadium will deliver an overview of repo, securities lending and OTC derivatives collateral activity, linked…

BEAT final regulations change securities lending provisions

December 15, 2019

BEAT, Securities Lending

From “Changing the BEAT – Final regulations answer key questions, proposed regulations give new relief” Eversheds Sutherland Responding to comments, the final regulations include securities lending transactions in the category…

Registration Live: Finadium Investors in Securities Lending, New York, May 13-14, 2020

December 12, 2019

Uncategorized

Beneficial Owners, FISL, Securities Lending, topstory

Finadium and eight leading securities finance market participants are pleased to welcome you to our fourth annual Finadium Investors in Securities Lending (FISL) New York Conference, to be held May 13-14, 2020. Continue…

SEC’s Dalia Blass speaks on affiliated securities lending

December 10, 2019

affiliated lending, mutual funds, sec, Securities Lending

Keynote Address — 2019 ICI Securities Law Developments Conference Dalia Blass Director, Division of Investment Management Washington D.C. Dec. 3, 2019 Affiliated Securities Lending As we work to modernize asset…

Did Japan’s Government Pension Investment Fund make the right decision in exiting equity lending? (Premium)

December 9, 2019

Investments, Securities Lending

Government Pension Investment Fund, Japan, Securities Lending, topstory

We’ve already heard from multiple buy-side clients that the suspension of stock lending by Japan’s Government Pension Investment Fund (GPIF) has made them question their own engagement. The headlines from…

ISLA publishes EU seclending markets manifesto with 5-year priorities

December 5, 2019

ISLA, Securities Lending

ISLA represents the common interests of the securities lending and financing industry in Europe and beyond. With 45% of its membership based in the EU27, and its other members committed…

Japan’s Government Pension Investment Fund halts equity securities lending program

December 3, 2019

Japan, Securities Lending

As part of its stewardship responsibilities, GPIF requires its asset managers to enhance the long-term value of investee companies by conscientiously exercising voting rights for all the shares they hold,…

OCC seclending CCP activity declined 17.6% in Nov 2019 year over year

December 3, 2019

CCP, OCC, Securities Lending

OCC’s securities lending CCP activity decreased by 17.6 percent in new loans from November 2018 with 92,138 transactions last month. Year-to-date stock loan activity has decreased 5.38 percent from 2018…

European banks transact on DLT-based seclending platform

December 3, 2019

Commerzbank, Credit Suisse, Deutsche Borse, DLT, HQLAx, Securities Lending, UBS

Deutsche Börse and HQLAᵡ successfully launched their jointly developed Distributed Ledger Technology (DLT) solution for frictionless collateral swaps in the securities lending market. The live transactions were executed by Commerzbank,…

SGX enhances Securities Borrowing and Lending programme with introduction of variable rates

November 27, 2019

Securities Lending, SGX

Fixed rates to be replaced with competitive variable rates for over 450 securities With effect from 2 December 2019, Singapore Exchange (SGX) will replace the fixed rates for its Securities…

Zero fee fund managers have incentives to improve securities finance market structure

November 25, 2019

ETFs, Investments, Securities Lending

ETFs, mutual funds, Securities Lending, topstory, Zero fee

The growth of zero fee ETFs has fingers pointing in the direction of securities lending as a main way that these funds earn revenues. Managers in this space have an…

The impact of direct agency lending programs for asset owners, hedge funds and market structure (Premium)

November 19, 2019

Hedge Funds, Securities Lending

agency lending, Beneficial Owners, Direct Agency Lending, enhanced custody, hedge funds, Securities Lending, State Street, topstory

State Street got warranted attention with its October 10, 2019 announcement that it had launched Direct Access Lending, a program to lend beneficial owner assets to hedge funds, with indemnification…

Preview: Zurich Securities Finance Roundtable, 4 December 2019

November 12, 2019

Repo, Securities Lending

ESG, securities finance, Securities Lending, topstory, Zurich

We’re looking forward to our Securities Finance Roundtable in Zurich on 4 December 2019. We started this event in 2014 with ZKB, and have seen it evolve to this year’s…

Finadium Big Ideas Quarterly Q4 2019 now online

November 7, 2019

Collateral Management, Repo, Securities Lending

collateral management, Repo, Securities Lending, topstory

Our quarterly presentation on research, news and events. Continue reading

TreasurySpring’s Kevin Cook on new channels for European cash management (Premium)

November 6, 2019

Repo, Securities Lending

APIs, corporate loans, Fixed Term Fund, Repo, Securities Lending, topstory, TreasurySpring

Repo and securities lending are being exported to new markets via TreasurySpring’s standardized Fixed Term Fund (FTF). We spoke with Kevin Cook, CEO and co-founder, about current uptake and future…

TSD: Malyasia bourse completes first blockchain PoC for securities lending

November 1, 2019

blockchain, Bursa Malaysia, SBL, Securities Lending

Bursa Malaysia has completed its first securities borrowing and lending proof-of-concept (SBL PoC 1) blockchain technology solution. It was executed and tested with technology partner Forms Syntron Information, a subsidiary…

BoE Securities Lending Committee discusses diversity and ESG

October 30, 2019

Bank of England, diversity, ESG, Securities Lending