Citi offers securities lending services on Indian stock exchange
05 October 2012 Mumbai
Image: Shutterstock
Citi’s securities and funds services business now offers securities lending services on the National Stock Exchange in India, meaning its OpenLend platform is now available in 72 markets globally.
The securities lending service will allow both Citi’s domestic Indian and offshore clients continuous market access to the exchange-traded central counterparty model prevalent in India.
“We have been in involved with the development of the Indian securities market since we first opened our doors in 1902. This landscape has seen remarkable transformation, and in response to new market conditions, we have built on our experience and expertise to deliver a comprehensive exchange securities lending solution to our clients for the Indian market,” said Debopama Sen, head of securities and fund services for Citi transaction services in India.
David Russell, regional head for Asia Pacific at Citi securities and fund services, said: “This initiative complements our existing client offering for our domestic and international clients and reinforces Citi as a pioneer in the securities lending industry. It is through the combination of our deep on-the-ground expertise and global product capabilities that we are able to deliver such market-leading solutions for our clients.”
“The opportunity in the emerging markets, especially given the impressive gains over the past 12 months, has kept them a focal point of our securities lending business. We are leveraging Citi’s market expertise and global reach to turn these opportunities into optimised returns for client assets,” added David Martocci, global head of securities finance at Citi transaction services.
The securities lending service will allow both Citi’s domestic Indian and offshore clients continuous market access to the exchange-traded central counterparty model prevalent in India.
“We have been in involved with the development of the Indian securities market since we first opened our doors in 1902. This landscape has seen remarkable transformation, and in response to new market conditions, we have built on our experience and expertise to deliver a comprehensive exchange securities lending solution to our clients for the Indian market,” said Debopama Sen, head of securities and fund services for Citi transaction services in India.
David Russell, regional head for Asia Pacific at Citi securities and fund services, said: “This initiative complements our existing client offering for our domestic and international clients and reinforces Citi as a pioneer in the securities lending industry. It is through the combination of our deep on-the-ground expertise and global product capabilities that we are able to deliver such market-leading solutions for our clients.”
“The opportunity in the emerging markets, especially given the impressive gains over the past 12 months, has kept them a focal point of our securities lending business. We are leveraging Citi’s market expertise and global reach to turn these opportunities into optimised returns for client assets,” added David Martocci, global head of securities finance at Citi transaction services.
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