Mizuho International has gone live with Anvil Software's Arts solution to support its expanding agency lending programme.
Anvil's agency lending module provides limit checking, real-time fair allocation, a lendable stock finder,reinvestment and group trades.
The system caters for client lending on both a true agency basis and on a principle 'wash through' basis.
Mizuho started agent lending on the fixed income portfolios of some major Japanese clients in August 2002.
Declan Monaghan, manager of agent lending trading at Mizuho says: "The Lendable Stock Finder is a very neat tool for matching available supply with eligible borrowers in a fully controlled environment. It allows us to check limits and fair allocations real-time, and is quick and easy to use. The next step for us is to add further custody functionality to Arts."
Mizuho already uses Arts at its repo and securities finance desks.