The custodian has had to inform some clients that their assets eligible for loan did not show up as available due to wrong locations in the settlement system.
North American equities have been attributed by DataLend as the driver behind increased lender-to-broker revenue.
The platform will feature connectivity to tri-party agents, CCPs, and central banks, and can be integrated with each client’s internal systems.
Market participants have until 1 April to have their say on the securities lending reporting proposal put forward by the US markets watchdog.
Australian wealth management provider Finclear targets further growth through Broadridge partnership.
Sharegain secures $64 million in largest Series B funding round to date in the securities lending industry.
New permissions will allow collateral providers to benefit from straight-through processing.
Narrower EMEA and Americas equity spreads lead to lowest monthly total since April 2021.
Bimal Kadikar spent some 20 years with Citi, becoming global head of prime finance, futures & OTC clearing technology, before setting up Transcend Street Solutions in 2013. He discusses with Global Custodian the challenge of optimising collateral use across the enterprise and integrating ESG criteria into collateral management.
New service aims to meet the industry need for higher-quality ESG evaluation options, particularly in securities finance.