Best electronic securities lending reporting services: State Street
Highly commended: Dresdner Kleinwort Wasserstein
Agent lenders: beware of third-party lenders. They are flexible, responsive and eager to participate in this big money-generating business.
This year, State Street just sneaks in to win the award for agent lenders and third-party securities lenders for its comprehensive Securities Lending Performance Analyzer.
State Street offers a wide range of reporting for the bank’s clients such as pension funds and unit trusts. Information such as earnings by program and daily percentage of assets on loan by program can be viewed in graph form on the home page and the user can easily drill down to obtain more detailed information. Users can also create their own reports and all reports are downloadable.
The firm’s performance analytics system stands out. It is a robust system of statistics that helps its 100 users to gain a sense of their risk/return profile, particularly in their cash collateral portfolio.
Dresdner Kleinwort Wasserstein offers a third-party securities lending reporting system which means that it sits between agent banks – such as State Street – and its clients such as European central banks, fund managers and pension funds.
The bank offers reporting that is just as comprehensive and fully customizable.