Citi and Maybank Securities Collaborate to Facilitate Securities Lending in Asia
CITI and Maybank Securities announced on Wednesday (Dec 18) that they will be working to facilitate the lending of retail clients’ global equity holdings together using Citi’s platform.
Unlocking the Potential of Idle Assets
From this venture, clients of Maybank Securities will be able to earn a portion of the fees paid by borrowers of securities, thereby unlocking the potential to monetise otherwise idle assets.
Enhancing Returns for Retail Clients
“With the launch of securities lending, our retail clients now have a unique opportunity to generate additional returns from their existing portfolios,” said Alexander Thorhauge, head of Retail Business at Maybank Securities.
Citi Securities Lending Access (CSLA) Platform
Maybank Securities will leverage its large client base in South-east Asia to utilise the Citi Securities Lending Access (CSLA) platform.
Introduction of CSLA in Asia
This collaboration between Maybank Securities and Citi marks the introduction of CSLA in Asia.
About CSLA
Launched in 2021, CSLA combines Citi’s securities lending platform with technology from investment service Sharegain. Citi was the first global bank to work with Sharegain, offering a solution that digitises the entire securities lending lifecycle and democratises the securities lending market.
Benefits of CSLA
“With CSLA, Citi is enabling a broader base of market participants to reap the benefits of securities lending,” said Eusebio Sanchez, head of execution services for Japan, North Asia and Australia and South Asia at Citi Securities Services.
“In addition to benefiting our clients and their underlying customers, the solution gives borrowers access to new pools of untapped securities.”
Conclusion
The collaboration between Citi and Maybank Securities marks a significant milestone in the introduction of Citi Securities Lending Access (CSLA) in Asia. This partnership will enable retail clients to earn additional returns from their existing portfolios and unlock the potential of otherwise idle assets.
FAQs
Q: What is Citi Securities Lending Access (CSLA)?
A: CSLA is a platform that combines Citi’s securities lending platform with technology from investment service Sharegain, offering a solution that digitises the entire securities lending lifecycle and democratises the securities lending market.
Q: What are the benefits of CSLA?
A: CSLA enables a broader base of market participants to reap the benefits of securities lending, giving borrowers access to new pools of untapped securities and benefiting clients and their underlying customers.
Q: Who will benefit from this collaboration?
A: Retail clients of Maybank Securities will be able to earn a portion of the fees paid by borrowers of securities, thereby unlocking the potential to monetise otherwise idle assets.
Q: What is the significance of this collaboration?
A: This collaboration marks the introduction of CSLA in Asia, enabling retail clients to earn additional returns from their existing portfolios and unlock the potential of otherwise idle assets.
