Exclusive: IHS Markit updates securities finance platform
28 February 2019 New York
Image: Shutterstock
IHS Markit has added new functionality to its securities finance platform, a source of data and intelligence on global securities financing transactions.
According to IHS Markit, the enhancements deliver public disclosure coverage for the Japanese market, and a global data feed on corporate bond lending activity.
It also delivers an updated model for forecasting short interest in the US and multi-asset performance measurement tools.
The coverage for Japan functionality enables daily reporting on publicly disclosed short interest for 2,000 Japanese securities.
This complements existing Asia Pacific coverage in Australia, Hong Kong, South Korea and Taiwan and increases coverage to 23 markets globally, according to IHS Markit.
The global corporate bond data feed offers unique assessments of the securities lending supply and demand across the capital structure of the company.
IHS Markit noted that this helps to identify companies at risk of default as well as helping to monitor short selling activity beyond traditionally equity metrics.
Meanwhile, the updated US forecasting model produces propriety, the weighted-average forecast for US assets, with additional inputs on correlations to daily securities lending balances, dividends and trade volumes.
IHS Markit explained that the securities finance performance measurement is a peer comparison tool for securities lenders to precisely analyse their performance against best-matched peer groups based on characteristics.
For borrows, it helps them compare borrow rates among borrowers and performing peer group analyses on market size, trading levels and market share.
Paul Wilson, managing director and global head of securities finance at IHS Markit, said: 鈥淎cross the securities financing ecosystem, the pace of innovation is accelerating and in step with market developments, we are providing our customers with enhanced data and analytics to help them manage their businesses with greater efficiency.鈥�
He added: 鈥淲e are focused on introducing new services for beneficial owners, providing greater visibility into collateral, high-quality liquid asset (HQLA) classification, best execution and other regulatory requirements.鈥�
According to IHS Markit, the enhancements deliver public disclosure coverage for the Japanese market, and a global data feed on corporate bond lending activity.
It also delivers an updated model for forecasting short interest in the US and multi-asset performance measurement tools.
The coverage for Japan functionality enables daily reporting on publicly disclosed short interest for 2,000 Japanese securities.
This complements existing Asia Pacific coverage in Australia, Hong Kong, South Korea and Taiwan and increases coverage to 23 markets globally, according to IHS Markit.
The global corporate bond data feed offers unique assessments of the securities lending supply and demand across the capital structure of the company.
IHS Markit noted that this helps to identify companies at risk of default as well as helping to monitor short selling activity beyond traditionally equity metrics.
Meanwhile, the updated US forecasting model produces propriety, the weighted-average forecast for US assets, with additional inputs on correlations to daily securities lending balances, dividends and trade volumes.
IHS Markit explained that the securities finance performance measurement is a peer comparison tool for securities lenders to precisely analyse their performance against best-matched peer groups based on characteristics.
For borrows, it helps them compare borrow rates among borrowers and performing peer group analyses on market size, trading levels and market share.
Paul Wilson, managing director and global head of securities finance at IHS Markit, said: 鈥淎cross the securities financing ecosystem, the pace of innovation is accelerating and in step with market developments, we are providing our customers with enhanced data and analytics to help them manage their businesses with greater efficiency.鈥�
He added: 鈥淲e are focused on introducing new services for beneficial owners, providing greater visibility into collateral, high-quality liquid asset (HQLA) classification, best execution and other regulatory requirements.鈥�
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