eSecLending provides comprehensive daily operations, administration and oversight of each clients' lending activities. Our program utilizes state-of-the art technology, thorough risk controls and highly-customized reporting. The specific services we provide with regard to program administration include operations, billing, reporting, risk management, compliance, legal support and collateral management.
Primary functions associated with program administration include:
- Implementation, coordination and daily reconciliation with each borrowing relationship, custodian, record keeper and investment manager
- Administration of all loan processing and settlements
- Daily mark-to-market of loaned securities against collateral received
- Coordination and tracking of corporate actions for securities on loan
- Coordination of cash movements with collateral reinvestment manager or non-cash collateral movements with custodian or tri-party collateral agent
- Monthly reporting of lending activity customized to each client’s requirements