06 November 2013
Jersey City
Reporter: Mark Dugdale

Pershing adds link to securities lending programme

BNY Mellon company Pershing has created a “seamless” link between its PrimeConnect application and its Fully Paid Securities Lending programme.

The new connection to Pershing’s Fully Paid Securities Lending programme allows hedge funds, through a fully automated solution, to transfer fully paid securities from BNY Mellon to Pershing.

Pershing will in turn be able to borrow those shares, while hedge fund managers will be able to see the earning potential of fully paid assets in the prime services dashboard on NetX360, Pershing’s technology platform.

Brian Ruane, CEO of broker-dealer services at BNY Mellon, said: “Pershing’s PrimeConnect is just one example of how BNY Mellon is leading the way in helping clients to source and optimise collateral, enhance the velocity and mobility of that collateral, and to address their wider requirements around liquidity, financing and reporting.”

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
J.P. Morgan and Citi collaborate on truePTS post-trade platform
15 December 2017 | New York | Reporter: Zsuzsa Szabo
The New-York-based startup processes ecosystem for the global $700 trillion derivatives market
SIFMA: US market requires improved CCP access
15 December 2017 | Washington DC | Reporter: Jenna Lomax
The Dodd-Frank Act has increased the need for US firms to have access to non US swaps trading venues and central counterparties, according to paper by FIA and SIFMA
France raises spectre of European financial transactions tax
15 December 2017 | Paris | Reporter: Jenna Lomax
French President Emmanuel Macron and several ministers have dismissed concerns over the negative effect of an EU financial transactions tax on securities lending revenue
Vekaria exits Credit Suisse
14 December 2017 | Dublin | Reporter: Zsuzsa Szabo
Head of Credit Suisse's Dublin branch Manish Vekaria has left the bank
Cerberus hires new managing director
14 December 2017 | New York | Reporter: Jenna Lomax
Kimmel was previously global head of prime services at Cantor Fitzgerald
SMEs to face new research costs under MIFID II
14 December 2017 | Frankfurt | Reporter: Zsuzsa Szabo
Research services for SMEs will no longer be free of charge when MiFID II comes into force on 3 January 2018
Hedge funds in sprint finish for record-breaking returns in 2017
14 December 2017 | London | Reporter: Drew Nicol
Hedge funds are on track for their best annual revenue since 2013 with average returns of 7.7 percent, according to eVestment research