Germany securities lending revenues decline for Q1
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Germany securities lending revenues decline for Q1 03 April 2019London Reporter: Maddie Saghir
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Germany Q1 securities lending revenues came in at $43 million, down 45 percent compared with Q1 2018, according to Sam Pierson, director of securities finance, at IHS Markit.
Pierson explained that while that sounds like a large decline, the Q1 total is very similar to returns for Q1 2016/7, making Q1 2018 more of an outlier to the upside.
He added: “The revenues fell short of the year-over-year comparable quarter as a result of both lower fees and lower balances.”
Check out the latest issue of Securities Lending Times to get an update on Germany’s securities lending market.
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