China opens up onshore securities lending market to foreign investors
Citi and HSBC were the two custodian banks that facilitated the completion of the securities lending transactions in the China A-shares market.
Citi and HSBC were the two custodian banks that facilitated the completion of the securities lending transactions in the China A-shares market.
The two vendors will offer a joint solution facilitating end-to-end straight-through processing of derivatives transactions and collateral management workflows.
State Street has aimed to offer new products and services to help combat consistent falls in revenues for its securities finance business.
JP Morgan's Collateral Transport tool will act as the 'brain' for buy-side firms to manage assets used for securities lending or to meet margin calls.
The new members include CalSTRS, AustralianSuper, and Thrivent Financial, as the new trade body aims to promote peer-to-peer lending among a wider range of firms.
The potential for lending ETF units to generate additional yield could be significant, as investors focus on driving recovery in returns after the COVID-19 crisis.
The associations aims to create a more efficient and actionable way to encourage peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners.
The bank stated the year-on-year increase for the asset servicing business reflected higher foreign exchange and other trading revenues.
The massive fall in revenues was largely caused by lower market valuations and short-selling bans enacted worldwide by regulators.