Citi Establishes Securities Lending Collaboration

Citi and Maybank Securities have collaborated to provide securities lending services in Singapore.

Citi and Maybank Securities have joined hands to deliver securities lending to Singapore's retail market, according to a statement, allowing clients of the latter to earn fees paid by borrowers of securities to monetize what would otherwise be idle assets.

The collaboration will take advantage of the large ASEAN client base of Maybank Securities as well as Citi’s securities lending platform – Citi Securities Lending Access (CSLA) – which leverages the technology of Sharegain, digitizing the entire lifecycle and democratizing the securities lending market. Cooperation with Maybank Securities marks the introduction of CSLA in Asia.

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