B3 releases securities lending results
13 November 2018 São Paulo
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The Brazil Stock Exchange’s and its clearinghouse (B3), securities lending revenues totalled Real $30.6 million, a rise of 21.2 percent over Q3 17.
The result, which accounts for 2.4 percent of the exchange’s total Q3 revenue, reflects an increase in the average financial value of outstanding positions in the securities lending platform, the exchange said.
B3 found its depository, custody and back-office revenue totalled R $62.4 million at the end of Q3 17, 4.9 percent of its total revenue. This was up by 4.7 percent over Q3 17.
Overall, B3’s Q3 total revenues reached R $1.2 million, an 8.7 percent increase over the Q3 17).
Last year, the Brazilian exchange and clearinghouse moved corporate bonds and equities lending to its new multi-asset clearing platform, as part of a post-trade overhaul.
The result, which accounts for 2.4 percent of the exchange’s total Q3 revenue, reflects an increase in the average financial value of outstanding positions in the securities lending platform, the exchange said.
B3 found its depository, custody and back-office revenue totalled R $62.4 million at the end of Q3 17, 4.9 percent of its total revenue. This was up by 4.7 percent over Q3 17.
Overall, B3’s Q3 total revenues reached R $1.2 million, an 8.7 percent increase over the Q3 17).
Last year, the Brazilian exchange and clearinghouse moved corporate bonds and equities lending to its new multi-asset clearing platform, as part of a post-trade overhaul.
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