State Street Launches Direct Access Lending

State Street Corporation announced the launch and first securities loan of Direct Access Lending, a securities finance product that enables direct, principal loans between lending clients and borrowing clients. According to a story in MarketsMedia, State Street will leverage both its Agency Lending and Enhanced Custody programs to offer both sets of customers the benefits of each program required to operate in a peer-to-peer transaction while also enjoying an economic benefit associated with Direct Access loans.