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SunGard automates Japan securities lending
17 May 2012
SunGard’s new solution helps lenders maximise their Japanese lending opportunities
SunGard has launched a new solution to help automate securities lending processes in Japan.
The Apex JSFC Trade Manager is aimed at reducing the costs and heighten the productivity of lenders who take part in the Japan Securities Finance Corporation’s (JSFC) daily auction of securities lending requirements.
The JSFC publishes the borrow requirements of market participants every day so that stock holders can put in their best offers in order to capture those lending opportunities.
However, SunGard said that many lenders are held back by relying on manual processes that are time consuming and prone to errors. Jane Milner, head of strategy for securities finance and enterprise collateral management for SunGard’s capital markets business, said the new solution can help securities lender get the maximum revenue possible from Japanese lending opportunities.
The solution automates the bid submission process, and includes analytical tools to help traders decide the best quantity and fee for each stock. Users can also take dividends into account and utilize decision support tools to help optimize their P&L in the auction process and facilitate funding/financing trades when they are looking to generate cash through the transaction.