Markit to Launch Benchmarking Service for Securities Lending

In July, Markit will be launching a new securities financing benchmarking service for lenders and beneficial owners, and the firm will also add functionality to its securities finance web portal.
By Jake Safane(2147484770)
In July, Markit will be launching a new securities financing benchmarking service for lenders and beneficial owners, and the firm will also add functionality to its securities finance web portal.

The new benchmarking service will provide lenders and beneficial owners with a methodology that reflects security level inventory and loans, along with the ability to customize timeframes and markets. The service also offers multiple levels of drill down at the counterparty, fund, asset class, market and sector levels, and instrument level. Users can access the service through multiple channels including the Markit securities finance web portal, Excel and API.

As for the enhancements to the web portal, Markit will addnew screening functionality that allows both lenders and borrowers to identify trading opportunities, monitor markets and identify risks across their securities finance programs.

“Every securities lending program is unique and we are pleased to offer our core lending customers a reporting solution that accurately benchmarks this uniqueness. This further emphasizes our commitment to consulting with customers to provide a single platform that meets the needs of all securities lending participants,” says David Carruthers, managing director and co-head of securities finance at Markit.

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