SunGard Launches Securities Lending Reporting Service

SunGard’s Astec Analytics, a division that provides solutions for securities financing, has added a Web-based, customizable securities lending reporting service to its product suite.

The service provides both borrowers and lenders with specific data such as the fees and collateral posted for each loan. As a result, users can analyze the performance of their securities lending activities through reports that can either be auto-generated or created by the users.

The benchmarking produced from the service comes at a time when “beneficial owners and lenders are feeling much more responsible for monitoring their own positions and books,” says Tim Smith, executive vice president, SunGard’s Astec Analytics.

In the past, Astec’s solutions provided benchmarking through annual or monthly hard-copy reports. In addition to moving towards Web-based reporting, says Smith, “we’re moving much more towards the intraday and streaming day environment.”

The reporting service came about after two to three years of Astec researching what clients were looking for information-wise post-crisis for their securities lending programs.

“At a time when regulatory scrutiny and expectation of good practice are so high, having the ability to build and access relevant, tailored and current reports has taken on a new level of importance,” says Rebecca Healey, senior analyst, TABB Group.