Northern Trust has launched a securities lending technology and reporting platform, designed to provide clients with continuous and timely information on their lending program.
Reportedly, the new securities lending dashboard provides a snapshot of data that is specific to each client. The snapshot includes information such as loan and collateral balances, total earnings on lendable assets, and investment maturity profile and credit ratings. It also provides collateral pool-specific information, including market value of the pool and the client’s percentage of ownership.
The company has claimed that an additional section within the dashboard highlights commentary including securities lending market intelligence, an electronic monthly newsletter, and collateral pool-specific commentary for navigating the current financial landscape.
Andy Clayton, head of global securities lending at Northern Trust, said: “We are very pleased with our new reporting technology, which provides our securities lending clients with an increased level of transparency and information.”
Northern Trust is a Chicago-based global provider of investment management, asset and fund administration, banking solutions and fiduciary services.
