The Swiss bank ZKB initially plans to utilize the automated securities finance platform to lend their securities via EquiLend’s AutoBorrow and Availability services.
ZKB head of liquidity management, short term interest rates and prime finance Felix Oegerli said the bank sees the securities lending business becoming more competitive in the years to come.
‘Maximised trading efficiency will be essential to implement as it results in lower unit costs. We look to the inherent capabilities of the EquiLend platform, such as automation and scalability, to allow us to maintain our competitive edge whilst reducing costs," Oegerli said.
