Securities Lending

ETFs, Investments, Securities Lending

ETFs, mutual funds, Securities Lending, topstory, US

July 15, 2020 10AM New York 3PM London 4PM Paris/Frankfurt This Finadium client webinar will present our analysis of US mutual fund and ETF fund filings in securities lending for…

Looking for better market information? Finadium runs 3-6 months ahead of the news cycle

June 30, 2020

Central banks, Collateral Management, Prime Brokerage, Repo, Securities Lending

BNPP, Central Bank Digital Currencies, Central Banks, Deutsche Bank, Prime Brokerage, SA-CCR, Securities Lending, topstory

Finadium content often runs three to six months ahead of the popular news cycle. Here’s what we’ve published for clients lately and here’s what we’ve seen months later. Continue reading

P&I: Lothian adopts automatic recall of stock for annual meeting votes

June 12, 2020

Lothian, Securities Lending, voting

Lothian Pension Fund, Edinburgh, will automatically recall shares out on loan so fund executives can vote the entire holding of any stock at annual general meetings. The £8 billion ($9.9…

Negative leaning WSJ article on securities lending vs. shareholder voting

June 10, 2020

Securities Lending, shareholders, voting, WSJ

How Investing Giants Gave Away Voting Power Ahead of a Shareholder Fight BlackRock, Vanguard and Fidelity were among the largest investment firms in GameStop that decided to forgo ballots by…

ESG high on the radar for Bank of England Securities Lending Committee

June 10, 2020

Bank of England, ESG, Securities Lending

Minutes of the Bank of England Securities Lending Committee 27 February 2020 Impact of Environmental, Social and Corporate Governance (ESG) on Securities Lending Markets The Committee discussed the potential challenges…

Globalization is changing, and so too are priorities in outsourcing risk (Premium)

June 10, 2020

Repo, Securities Finance, Collateral and Derivatives, Securities Lending, Technology

Equilend, FISL 2020, outsourcing, Securities Lending, STAC, topstory

The themes underpinning outsourcing arrangements are getting revisited as market participants take stock of COVID disruption. We take a look at some of the shifting attitudes in the markets and…

Webinar replay: Current Dynamics in the Securities Lending Industry, FISL 2020 (Premium)

June 9, 2020

Securities Lending, topstory

Our annual Finadium Investors in Securities Lending conference was rebooted online this year. Finadium subscription clients can access the webinar replay of the Current Dynamics in the Securities Lending Industry…

Seclending prioritized as DLT post-trade project by JPX, JASDEC

June 7, 2020

blockchain, DLT, JASDEC, JPX, Securities Lending

Japan Exchange Group and Japan Securities Depository Center announced that they have selected three use cases for verification using a DLT test environment developed by JPX-led consortium in their pilot…

Webinar replay: What the Next Generation of Securities Finance Professionals Thinks, FISL 2020 (Premium)

June 2, 2020

Securities Lending, topstory

Our annual Finadium Investors in Securities Lending conference was rebooted online this year. Finadium subscription clients can access the webinar replay of the What the Next Generation of Securities Finance…

Webinar replay: Technology, Operations and Market Structure in Securities Finance, FISL 2020 (Premium)

May 28, 2020

CCP, Securities Lending, Technology, Uncategorized

automation, CCPs, Securities Lending, technology, topstory

Our annual Finadium Investors in Securities Lending conference was rebooted online this year. Finadium subscription clients can access the webinar replay of the Technology, Operations and Market Structure panel here.…

FISL 2020: securities lending industry stabilizes, braces for future (Premium)

May 18, 2020

Collateral Management, Securities Lending, Technology

blockchain, cash reinvestment, collateral management, coronavirus, FISL 2020, Securities Lending, topstory

Last week’s FISL webinar series covered a wide range of topics against the backdrop of the coronavirus fallout: securities lending market dynamics and revenue trends, managing workplace disruption across generations,…

Finadium Big Ideas Quarterly Q2 2020 now online

May 4, 2020

Repo, Securities Lending

hedge funds, Prime Brokerage, Repo, Securities Lending, topstory

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

Equity derivatives: why scrip and rights trades have taken a hit in the crisis (Premium)

May 4, 2020

equity derivatives, Securities Lending, Societe Generale, topstory

Any trade linked to a payment from a dividend is going to have a problem if dividends are suspended or excess volatility damages the predicted future value of a derivatives…

OCC seclending volumes up 4% in April 2020 year over year

May 1, 2020

CCP, OCC, Securities Lending

The average daily loan value at OCC in April 2020 was $72,649,346,808 a 4.02 percent increase compared to April 2019. Securities lending CCP activity increased by 2.51 percent in new…

State Street paper offers perspective on the intersection of ESG and securities lending

April 30, 2020

ESG, Securities Lending, State Street

Beyond Mechanics: The Intersection of Securities Lending and ESG Investing Empirical evidence indicates that short selling, facilitated by securities lending, improves market efficiency and market liquidity. A holistic view of…

Report: APAC overtakes EU for seclending revenue, Japan leads and China “hugely encouraging”

April 28, 2020

APAC, Equilend, PASLA, RMA, Securities Lending

With the ongoing US-China trade negotiations, Britain leaving the European Union, civil unrest in Hong Kong and a new type of virus spreading across the globe, stocks are trading in…

DataLend launches daily equity and fixed income market updates

April 22, 2020

News and Notes – Fintech

data analytics, DataLend, equity, Fixed Income, Securities Lending

In the current state of volatility, following daily movements in the securities finance industry is no easy feat. DataLend, the securities finance market data division of EquiLend, has released Daily…

IHS Markit: higher returns to lendable expected after March equity utilitization spike

April 21, 2020

benchmarking, data analytics, IHS Markit, ISLA, Securities Lending

IHS Markit has launched monthly performance benchmarking reports that measure securities lending returns in six MSCI global equity indices: World, USA, Europe, Japan, Asia Pacific ex Japan, and Emerging Markets.…

ISLA to form new digital working group

April 21, 2020

CDM, digitization, ISLA, Securities Lending

ISLA is forming a new digital working group, which will initially help to form responses to consultations from the European Commission and Bank of England with a view to then…

Finadium: US Mutual Fund and ETF Revenues from Securities Lending Cash Collateral Pools

April 21, 2020

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

A new report from Finadium quantifies how much money is at stake for US fund complexes in their securities lending cash collateral fees. In a high interest rate environment, fund…

Alternative data getting tested in extreme corona economy

April 15, 2020

Artificial Intelligence, Technology

alternative data, coronavirus, Cuemacro, RavenPack, Securities Lending, Tidal Markets, topstory, volatility indicators

Across the financial markets, practitioners everywhere are trying to figure out what’s happening and what might happen next in an environment of extreme uncertainty. We talk to experts to see…

Caixin: China securities lending at record high

April 13, 2020

Caixin, China, Securities Lending

Chinese short sellers have been increasingly active over the last few months amid grim market conditions, pushing the balance of securities lending on domestic exchanges to a record high of…

Monday News Roundup: new data, fast moving regulations, repo trends and more (Premium)

April 6, 2020

Repo, Securities Lending

Federal Reserve, Leverage Ratio, Regulatory, Repo, Securities Lending, Short selling, topstory

These are tough times to follow what’s happening: nearly every day seems like it brings major pieces of news that in ordinary times would warrant consideration, but now it’s just…

OCC seclending CCP activity up 2% in March 2020 year over year

April 1, 2020

CCP, OCC, Securities Lending

The average daily loan value at OCC in March 2020 was $76,174,841,455 a 2.03 percent increase compared to March 2019. Securities lending CCP activity increased by 4.04 percent in new…

DataLend launches daily securities finance market overview

March 31, 2020

DataLend, securities finance, Securities Lending

Equities 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

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