Securities lending in the Nordics is not different from everywhere else, particularly continental Europe, but there are some nuances. Stephen Kiely, head of securities finance new business development at BNY Mellon, describes securities lending in the Nordics including:
ETFs as collateral;
the most attractive trades;
interest in CCPs; and
collateral upgrade trades.
According to Kiely, “Nordic markets have historically enjoyed steady growth in securities lending, and it’s showing no sign of slowing down.”
(This article originally appeared in the Securities Lending Times, Nordics 2015. It is being reproduced here with approval from the publisher.)