Northern Trust announced today that it has completed the launch of a specialized securities lending technology and reporting platform designed to provide clients with transparent, continuous and timely information on their lending program.
Customized to each individual client, the reporting enhancements display as a dashboard on Northern Trust Passport and provide securities lending clients with key metrics without the need for running reports.
"We are very pleased with our new reporting technology, which provides our securities lending clients with an increased level of transparency and information," said Andy Clayton, Head of Global Securities Lending at Northern Trust. "In light of the current market environment, clients are interested in easily accessible information on their securities lending program and collateral reinvestment options, and we strive to provide this information in the most technologically advanced way possible."
The new Securities Lending Dashboard provides a snapshot of data that is specific to each client. This snapshot includes information such as loan and collateral balances, total earnings on lendable assets, and investment maturity profile and credit ratings. It also provides collateral pool-specific information, including market value of the pool and the client's percentage of ownership. As part of Northern Trust's strategic reporting plan, additional information regarding counterparty credit ratings and loan details will be added in the coming weeks.
An additional section within the dashboard highlights commentary including Securities Lending Market Intelligence, an electronic monthly newsletter, and collateral pool-specific commentary for navigating the current financial landscape.
Clients have already begun to utilize this new reporting functionality. "With today's constantly changing market environment, it is important to us that we have access to our securities lending portfolio information on a daily basis," said Joe Williams, Manager of Investment Operations at Georgia Tech Foundation. "This dashboard presents our key metrics in a clear, concise manner that makes it easy to quickly find, analyze, and monitor our securities lending performance."