Pershing Launches Multi-Currency Collateralized Lending

Pershing has extended its collateralized lending product, Nexus Loans, for offshore investors by adding Euro and U.S. Dollar denominations to its Sterling offering.
By Joe Parsons(2147488729)
Pershing has extended its collateralized lending product, Nexus Loans, for offshore investors by adding Euro and U.S. Dollar denominations to its Sterling offering.

Introduced in 2008, Pershing’s Nexus Loans enables wealth managers to provide their high-net-worth investors the opportunity to borrow cash secured against their portfolios at competitive interest rates.

The solution accepts a wide range of securities to be used as collateral and allow investors to maintain their investment holdings whilst accessing this source of multi-purpose funding.

“Portfolio leverage is a growing concept for U.K. and offshore private investors,” says Ilenana Sodani, chief relationship officer, Pershing.

“Collateralized lending is not widely available and Pershing is pleased to provide solutions that let our wealth manager and adviser clients offer a service often the preserve of private banks.”

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