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SunGard introduces sec lending reporting
17 September 2013
The new service enables the creation of customised securities lending reports
IT services firm SunGard has updated its Astec Analytics system to include securities lending reporting.
The update covers both securities borrowing and lending and allows firms to create customised reports for analysis and benchmarking purposes, as well as giving users a view of activities' collateral and fees. The firm said such reporting would help users identify the most profitable counterparties, as well as securities lending programme areas that require attention.
Tim Smith, executive vice president, SunGard Astec Analytics, said: “Access to clear and concise reporting is essential in order to achieve transparency and mitigate risk in securities finance. SunGard’s Astec Analytics Reporting Services enables users to customize their own reports, providing in-depth analysis and benchmarking to help ensure smarter trading operations.”
The system also includes global intraday data and daily summary reports of securities lending programmes, which SunGard said would help users identify market opportunities and mitigate risks.
Rebecca Healey, a senior analyst at TABB Group, said: “At a time when regulatory scrutiny and expectation of good practice are so high, having the ability to build and access relevant, tailored and current reports has taken on a new level of importance.
“Having a robust reporting service is no longer a ‘nice to have’ but a ‘must have’ for those with the responsibility of monitoring their firms’ securities lending programmes.”