The move enhances Citi’s existing involvement in the Indian securities market and means that its proprietary OpenLendSM platform is now available in 72 markets globally.
Additionally, in a securities lending environment dominated by over-the-counter trading, it should allow the bank’s domestic Indian and offshore clients seamless market access to the anonymous exchange-traded central counterparty model prevalent in India.
Debopama Sen, head of securities and fund services for Citi transaction services in India, comments: “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.”
Source:
bankingtimes.co.uk
