State Street launches Direct Access Lending
October 10, 2019

State Street Corporation has today announced the launch and first securities loan of Direct Access Lending, a securities finance product that enables direct, principal loans between our lending clients and our borrowing clients.

It says the new peer-to-peer product will leverage the size and strength of its agency lending and enhanced custody programmes, and underscores a continued focus on aligning solutions and technology across State Street to help clients achieve their objectives.

It adds that the product offers a seamless peer-to-peer model, supported by the operational efficiency and expertise of a managed securities lending programme.

"Over the last decade, we have worked hard to manage balance sheet constraints across banks and broker/dealers participating in securities lending," said Martin Tell, Global Head of Securities Finance.

"State Street has created a number of innovative solutions to support our clients, expanding our programme to add new markets and collateral types and diversifying methods for borrowers to post non-cash collateral by pledging securities instead of a title transfer."





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State Street Corporation has today announced the launch and first securities loan of Direct Access Lending, a securities finance product that enables direct, principal loans between our lending clients and our borrowing clients.

It says the new peer-to-peer product will leverage the size and strength of its agency lending and enhanced custody programmes, and underscores a continued focus on aligning solutions and technology across State Street to help clients achieve their objectives.

It adds that the product offers a seamless peer-to-peer model, supported by the operational efficiency and expertise of a managed securities lending programme.

"Over the last decade, we have worked hard to manage balance sheet constraints across banks and broker/dealers participating in securities lending," said Martin Tell, Global Head of Securities Finance.

"State Street has created a number of innovative solutions to support our clients, expanding our programme to add new markets and collateral types and diversifying methods for borrowers to post non-cash collateral by pledging securities instead of a title transfer."



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