BNY Mellon sec lending boasts Q4 growth
25 January 2016 New York
Image: Shutterstock
BNY Mellon’s securities lending revenue jumped by 8 percent between Q3 and Q4 2015.
Securities lending revenue hit $46 million in Q4, up from $38 million in the previous quarter.
This consecutive growth was complimented by year-to-year growth from $37 million in Q4 2014.
The bank’s overall asset servicing fees, which includes securities lending revenue, fell by 2 percent from Q3 to Q4 2015.
Fees held at just over $1 billion, which was a 1 percent year-to-year growth.
According to BNY Mellon, the year-over-year increase primarily reflects higher securities lending revenue and growth in the global collateral services and broker-dealer services.
This growth was partially offset by the unfavourable impact of a stronger US dollar.
The sequential decrease primarily reflects lower client activity.
Financing-related fees, including BNY Mellon’s broker-dealer triparty repo services, chalked up significant annual growth.
Overall fees revenue achieved $51 million in Q4 2015, compared with $43 million the year before.
However, this was down from $71 million in Q3 2015.
The year-over-year increase primarily reflects higher fees related to secured intra-day credit provided to dealers in connection with their triparty repo activity, according to BNY Mellon.
The sequential decrease primarily reflects lower underwriting fees.
Securities lending revenue hit $46 million in Q4, up from $38 million in the previous quarter.
This consecutive growth was complimented by year-to-year growth from $37 million in Q4 2014.
The bank’s overall asset servicing fees, which includes securities lending revenue, fell by 2 percent from Q3 to Q4 2015.
Fees held at just over $1 billion, which was a 1 percent year-to-year growth.
According to BNY Mellon, the year-over-year increase primarily reflects higher securities lending revenue and growth in the global collateral services and broker-dealer services.
This growth was partially offset by the unfavourable impact of a stronger US dollar.
The sequential decrease primarily reflects lower client activity.
Financing-related fees, including BNY Mellon’s broker-dealer triparty repo services, chalked up significant annual growth.
Overall fees revenue achieved $51 million in Q4 2015, compared with $43 million the year before.
However, this was down from $71 million in Q3 2015.
The year-over-year increase primarily reflects higher fees related to secured intra-day credit provided to dealers in connection with their triparty repo activity, according to BNY Mellon.
The sequential decrease primarily reflects lower underwriting fees.
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