RMA Director of Securities Lending Curtis Knight called the agreement âa significant landmarkâ for RMA and the securities lending industry. âData Explorersâ considerable expertise and its ability to consolidate and provide timely information will be a great asset to the Quarterly Composite Survey,â said Knight. âIt is also a great benefit to anyone interested in understanding securities lending and reinvestment.â
The RMA Securities Lending Quarterly Aggregate Composite Survey data is collected for primary lending markets worldwide, with cash-collateral reinvestment data aggregated to reflect reinvestment return, interest-rate sensitivity, liquidity, credit tiering, and instrument types for both U.S.
dollar and Euro currency collateral. Lending activity also is provided for all other currency collateral converted to U.S. dollar.
Mark Faulkner, CEO, Data Explorers Limited, said, âWe are delighted that RMA has chosen and entrusted us to undertake the data management and publication of the Quarterly Aggregate Composite Survey. We welcome the opportunity to work more closely with RMA and jointly utilize our market experience and aspiration to improve and increase visibility in Securities Lending, and ensure a timely, consistent, and independent survey.â
Tim Smith, president, Data Explorers Inc., added, âThe partnership between RMA and Data Explorers is the result of legacy discussions over time and confirms both partiesâ desire to respond to the market's interest and requirement for accurate information delivered in a timely and efficient manner.â