âEnsuring best practice and excellent client service in our Securities Lending business is one of the reasons we have chosen to use Performance Explorer â being able to demonstrate best execution and increase inventory utilisation and profitability using such a service will undoubtedly solidify our competitive position. It will also be an invaluable support tool for our integrated securities lending and repo desk that operates in a multiâinstrument environment. We are pleased to be the first direct participant in Luxembourg to use Performance Explorerâ commented Guy Knepper, Head of International Securities Lending & Repos, Global Market Sales and Carol Jene, Head of Repo & Securities lending, Financial Markets, Kredietbank S.A Luxembourg.
Performance Explorer is a secure, web-based service that allows participants to increase securities lending performance and profitability by comparing individual results against the aggregated data of a broad, customizable universe of industry peers. Results are viewable at program, portfolio, asset class, and security and transaction level. Data is provided exclusively by Performance participants and includes beneficial owners, asset managers, agents and principal borrowers. All customer data is kept confidential and anonymous. Currently, Performance Explorer collects aggregated data on more than 1.8 million daily securities lending transactions for over 208,000 securities and more than 20,000 portfolios. Recent figures compiled by the service indicated total lendable assets at over $13.1 trillion and total on-loan balances at more than $3.3 trillion.
Julian Pittam, Managing Director, Performance Explorer commented âWe are delighted to welcome Kredietbank S.A Luxembourg. Luxembourg is an important domicile to the investment fund industry and the recent addition of KBL to Performance Explorer is indicative of thisâ.