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In finance, securities lending or stock lending refers to the lending of securities by one party to another.. The terms of the loan will be governed by a "Securities Lending Agreement", [1] which requires that the borrower provides the lender with collateral, in the form of cash or non-cash securities, of value equal to or greater than the loaned securities plus an agreed-upon margin.
For example, Thomas H. Lee Partners bought Standish Management, a U.S. fund administrator, for about $1.6 billion, Reuters reported in July. Standish sold for more than 20 times EBITDA, I’m told.
A securities based loan, or margin loan, is line of credit secured by assets in your investment portfolio. These loans typically come with a relatively low interest rate, and can be processed and ...
EquiLend is a securities lending platform started in late 2001 by a consortium of leading financial services institutions. [2] Founding members included Barclays Global Investors, Bear Stearns, Goldman Sachs, JPMorganChase, Lehman Brothers, Merrill Lynch, Morgan Stanley, Northern Trust, State Street, and UBS Warburg.
A Stock loan quasi-mortgage is a form of securities lending that uses stocks, bonds, mutual funds, or other eligible securities as the effective guarantee for a personal credit line used for the purchase of a home, investment in real estate, or for some portion of either of these (e.g., short-term finance, down payments).
EquiLend Holdings LLC, the securities lending platform owned by 10 of the biggest Wall Street firms, including Goldman Sachs Group Inc and BlackRock Inc, is exploring a sale following settlement ...
The secondary mortgage market is the market for the sale of securities or bonds collateralized by the value of mortgage loans.A mortgage lender, commercial bank, or specialized firm will group together many loans (from the "primary mortgage market" [1]) and sell grouped loans known as collateralized mortgage obligations (CMOs) or mortgage-backed securities (MBS) to investors such as pension ...
Clients Rank State Street No. 1 Globally for Securities Lending Among Custodians in Satisfaction Survey Named by the majority of respondents in Global Investor/isf as most innovative securities ...