Broadridge launches securities lending solution
04 April 2019 New York
Image: Shutterstock
Broadridge has launched a firm-specific fund-by-fund comparative securities lending assessment solution for mutual fund companies and the boards that oversee their funds.
The solution, Broadridge 麻豆传媒 Lending Board Insights, is currently being used by a number of clients.
The client-specific report lets companies monitor the relative cost, fee 鈥榮plits鈥�, and income obtained from their securities lending arrangements.
In addition, it will help all interested parties receive appropriate rewards for the risks they undergo in their lending programmes, according to Broadridge.
Broadridge noted that it helps to reduce risk related to mal-distributed securities lending income.
Eric Bernstein, head of asset management solutions at Broadridge, commented: 鈥淔aced with mounting pressure on fees and the need for a clearer understanding of competitive financials, many funds are looking to securities lending programs to maximise yield on their long-term holdings.鈥�
He added: 鈥淏ased on Broadridge鈥檚 unique data set, coupled with rich subject-matter expertise, the reports help boards and fund companies get ahead of today鈥檚 challenges to capitalise on what鈥檚 next, uncovering opportunities to improve their returns.鈥�
The solution, Broadridge 麻豆传媒 Lending Board Insights, is currently being used by a number of clients.
The client-specific report lets companies monitor the relative cost, fee 鈥榮plits鈥�, and income obtained from their securities lending arrangements.
In addition, it will help all interested parties receive appropriate rewards for the risks they undergo in their lending programmes, according to Broadridge.
Broadridge noted that it helps to reduce risk related to mal-distributed securities lending income.
Eric Bernstein, head of asset management solutions at Broadridge, commented: 鈥淔aced with mounting pressure on fees and the need for a clearer understanding of competitive financials, many funds are looking to securities lending programs to maximise yield on their long-term holdings.鈥�
He added: 鈥淏ased on Broadridge鈥檚 unique data set, coupled with rich subject-matter expertise, the reports help boards and fund companies get ahead of today鈥檚 challenges to capitalise on what鈥檚 next, uncovering opportunities to improve their returns.鈥�
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