The International Securities Lending
Association (ISLA) a global regulatory association defines Securities Lending
as the temporary transfer of securities by one party, the lender, to another, the borrower.
The GI magazine reported in September that Day had left UBS where he was head of securities lending
trading EMEA, and global head of securities lending
and borrowing sales and marketing.
Leading to a tax accurate application of shares on loan to specific lots, the new functionality injects securities lending
information into current reports seamlessly with the capability of programmatically translating CUSIP level data into lot level information,
lost some of its appeal when some plans had difficulties during the financial crisis with the collateral used to back lending.
The Asian Securities Financing Forum was chaired by Steve Sedgwick, CNBC, and attracted 150 senior securities lending
In addition to confirming the tentative recovery now taking place in the securities lending
market, the study draws a number of conclusions:
Cantor Fitzgerald, which lost about 675 people when the World Trade Center towers collapsed, will exit the securities lending
business upon completion of the deal.
The Global Investor/isf survey asked beneficial owners to assess the performance of their securities lending
agents across a range of service categories.
The integration is claimed by BNY Mellon to establish its Securities Finance business as one of the largest providers of securities lending
services in the world, with trading offices in New York, Pittsburgh Toronto, London and Hong Kong.
With this, Citi has become the first global custodian bank to provide securities lending
services on National Stock Exchange (NSE) in India.
DiNardo, who reports to James Slater, global head of securities lending
, is responsible for implementing strategic initiatives, coordinating the key functions of the business, and directing the risk and compliance requirements of securities lending
Companies that sponsor retirement plans haven't abandoned securities lending
on a wholesale basis in the wake of last fall's problems, but many are taking measures to rein in the risks involved.