Copying and distributing are prohibited without permission of the publisher
Isla: Trading desk trends discussed
22 June 2012
Securities lending clients are increasingly attracted to intrinsic value lending, a panel of experts discussed at this week's Isla conference
Read more:
intrinsic value lending
Isla
There is a move to intrinsic value lending, debate continues over the pricing of specials and dynamically delta hedging positions is the future of securities lending, delegates heard at the annual International Securities Lending Association (Isla) conference in Madrid.Nick Davis, manager of the equity lending desk Emea, JPMorgan said he is seeing clients move into intrinsic value lending because the collateral profile draws them into that space. He said a lot of benchmarking is taking place and the business is more transparent than it has been in the past. “It’s about on certain trades educating clients who do want to re-rate to the best level on the street by explaining to them why it’s at that level, looking at duration etcetera. Some clients we have do like the flow business that’s going through but they also want to reduce potential fails in the marketplace, so if they can see less...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
