SMTBUSA Portal
Products & Services Securities Lending

Products and Services

Securities Lending

Services

The bank lends securities as agent on behalf of our clients. All securities are lent versus collateral

Lendable Securities

  • Bonds:US treasury and government agency bonds, Canadian bonds, major European bonds, corporate bonds, and supranational bonds.
  • Stocks:US stocks, major European and Asian stocks.

Lendable Period

  • Bonds:For bonds we provide primarily overnight lending and also offer term lending if a client requests.
  • Stocks:For stocks we usually offer an open-ended lending period.

Lendable Counterparties

  • SMTBUSA deals only with counterparties whose long term credit ratings are A- or above. We carefully select counterparties with strong financial standing, such as investment banks, commercial banks and securities firms.

Risk Management

  • SMTBUSA minimizes risk when lending securities on behalf of our clients. All securities are lent versus collateral.

Collateral Standard

  • SMTBUSA keeps collateral at a minimum of 102% of market value of loaned securities, including accrued interest.

Mark to Market

  • SMTBUSA keeps collateral at a minimum of 102% of market value of loaned securities, including accrued interest.
 

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