Citi Securities Lending Access Launches in Sweden

Citi Securities Services announced Nordnet AB (Nordnet), the pan-Nordic digital platform for savings and investments, as the first Swedish client to start lending through its Citi Securities Lending Access platform. According to a story in MarketsMedia news, the solution will enable Nordnet to expand its securities lending programme to new markets and new client segments. Citi Securities Lending Access is an end-to-end solution that digitises and automates the entire securities lending lifecycle. Co-sponsored by Citi Ventures’ D10X programme, the solution combines Citi’s lending platform and fintech technology from Sharegain to offer clients lending programmes that are tailored to the needs of underlying individual investors as well as traditional lenders. The solution looks to democratise the securities lending industry by enabling access to a broader spectrum of investors through their existing banks, brokers or investment advisers. It also brings new pools of untapped and diversified securities to borrowers for the first time. With trading desks in five countries covering 75 lending markets and local expertise from over 60 proprietary custody branches, Citi Agency Securities Lending provides a differentiated service offering which combines markets-based experience with traditional banking oversight and structure.