BHF BNY

Strong partners – leverage to added value

In our securities lending programme, you can choose between PRINCIPAL and AGENCY LENDING.

A PRINCIPAL operates on the market in his own name and thus acts as your counterparty. He prevents the disclosure of the underlying client’s identity. Deals are concluded individually on a deal-by-deal basis.

The AGENT acts on your behalf and operates for third-party account. He often has exclusive access to all the client’s relevant securities. Theoretically, a lending volume of 100 % is possible in agency lending.

As part of our securities lending services, participants can borrow and/or lend (national and international) equities and fixed-income securities. In our lending programme, you can become an automatic lender or, if you prefer, lend your securities only occasionally.

It goes without saying that we deal with the entire clearing, settlement and management of the transactions, and also monitor the 10 % threshold set out in Section 54 of the German Investment Act (Securities lending, collateral).

If required, lent securities can be returned on the interest or dividend payment date.

Besides standard documentation, we can also deliver individualised reports.

The partners can offer

• Long-standing experience as active participants in securities lending business
• Regular contacts with important market players
• Highly qualified staff offering first-class customised services
• A wide selection of standard reports to meet your personal needs and requirements
• Additional individualised reports, if required
• Outstanding expertise in principal and/or agency trading
• Broad market coverage (Germany as well as other European and non-European countries)

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