BM&F Bovespa sec lending soars 22 February 2016São Paulo Reporter: Drew Nicol
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Brazilian central counterparty (CCP) BM&F Bovespa saw its year-on-year securities lending results for Q4 2015 achieve a 27.5 percent increase on Q4 2014.
Securities lending transactions reached BRL 25.5 million ($6.3 million) in Q4 2015, representing 4.2 percent of the total annual revenues for the CCP.
The growth came from a combination of a 19.6 percent increase in the average value of open interest positions, along with the removal of rebates, which have been in effect since January 2015, that were previously offered to some clients.
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