Germany securities lending revenues decline for Q1
03 April 2019 London
Image: Shutterstock
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.
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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