Bank of Ireland Securities Services signs for Performance Explorer funds benchmarking

Source: Data Explorers

Data Explorers, today announced that it has been appointed by Bank of Ireland Securities Services to provide performance benchmarking services for their securities lending programme.

Alan Morris, Head of Securities Lending in Bank of Ireland said, "Performance Explorer provides us with a benchmark to compare how our funds are performing relative to similar funds in the marketplace and provides our clients with greater transparency".

Performance Explorer is a secure, web-based service that allows participants to increase securities lending performance and profitability by comparing individual results against the aggregated data of a broad, customizable universe of industry peers. Results are viewable at program, portfolio, asset class, security and transaction level. Data is provided exclusively by Performance participants and includes beneficial owners, asset managers, agents and principal borrowers. All customer data is kept confidential and anonymous. Currently, Performance Explorer collects aggregated data on more than 1.8 million daily securities lending transactions for over 200,000 securities and more than 20,000 portfolios. Recent figures compiled by the service indicated total lendable assets at over $15.1 trillion and total on-loan balances at more than $3.6 trillion.

Julian Pittam, Managing Director, Performance Explorer commented "We are delighted to have been chosen by Bank of Ireland Securities Services to provide benchmarking and performance measurement as part of their client servicing. We are experiencing increased demand and anticipate considerable activity in the Irish securities lending market".

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