News & Opinion

As a rule, post-trade operations take place somewhat behind-the-scenes, and they most certainly do not make the headlines on the evening news the way daily stock market index movements do. One of the most critical elements within them is securities lending and borrowing, which bolsters secondary securities market liquidity, enables tighter transaction spreads, enables disrupted settlement to go ahead, and generates relatively low-risk recurring fee income for asset owners and their custodians.

A discussion of findings following the recent on-site operational review of Zimbabwean, Zambian and Botswana securities market

A discussion of findings following the recent on-site operational review of the South African and Namibian securities market

A discussion of findings following the recent on-site operational review of the Polish securities market

Many people watch the movement of stock market indices, and perhaps also interest rate changes, and possibly even foreign exchange movements: but who considers with much frequency or depth how a corporate issuer paying its dividend or interest rate coupon figures out how much to send to each beneficiary, or how it gets paid out and finds its way to their individual accounts in some far-off country? For those who do not particularly think about what is behind a light switch such that a room is well lit at night, or ask themselves about how clean water arrives at their tap, both hot and cold, they are also not likely to consider how stocks and bonds are looked after when their savings are invested in them. Most of the time, all of this infrastructure works without further consideration.

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