Wells Fargo opens securities lending data portal

Wells Fargo opens securities lending data portal

Wells Fargo has introduced a new programme that allows securities lending participants to access online information on their open loans through the bank's Commercial Electronic Office (CEO) business portal. The service is also available to clients participating in third-party securities lending arrangements.

Dubbed Securities Lending Reporting, the service offers subscribers the ability to view or download loan detail, earnings and performance information and collateral investment data. Information can be viewed at the individual account level or aggregated into account groups.

Robert Smith, Wells Fargo's head of securities lending says the system gives clients direct access to reporting capabilities that are normally only available from the lending system itself.

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