J.P. Morgan offers sec lending services in Malaysia
12 June 2012 Kuala Lumpur
Image: Shutterstock
J.P. Morgan Worldwide Securities Services has rolled out its securities lending capabilities in Malaysia.
It is the first international lender in the Malaysian market to offer a securities lending product, according to the bank.
J.P. Morgan now offers securities lending solutions to major prime brokers and clients with Malaysian assets.
Its customised solutions allow lenders to define their own structures to meet their risk/reward requirements, and its comprehensive indemnification programme against borrower default allows lenders to mitigate counterparty risk across their programmes, according to J.P. Morgan.
Shaun Parkes, the CEO of Asia (ex-Japan) and Australia at J.P. Morgan Worldwide Securities Services, said: “The future for securities lending in Asia Pacific continues to demonstrate significant potential. Malaysia represents an important part of our regional growth strategy, and is a key value-add for our institutional client base that is looking to diversify their investments and mitigate their risk.”
It is the first international lender in the Malaysian market to offer a securities lending product, according to the bank.
J.P. Morgan now offers securities lending solutions to major prime brokers and clients with Malaysian assets.
Its customised solutions allow lenders to define their own structures to meet their risk/reward requirements, and its comprehensive indemnification programme against borrower default allows lenders to mitigate counterparty risk across their programmes, according to J.P. Morgan.
Shaun Parkes, the CEO of Asia (ex-Japan) and Australia at J.P. Morgan Worldwide Securities Services, said: “The future for securities lending in Asia Pacific continues to demonstrate significant potential. Malaysia represents an important part of our regional growth strategy, and is a key value-add for our institutional client base that is looking to diversify their investments and mitigate their risk.”
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