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S&P Global Market Intelligence has built a new capability that allows data contributors to report their off-line revenue adjustments, which will be included in the firm’s performance measurement tools.
The move highlights the firm’s adherence to the International Securities Lending Association’s (ISLA’s) best practice guidelines for Securities Lending Performance Management (SLPM).
According to the firm, these adjustments can be added at entity and security level for a specific date or month (lump sum amount) and for up to five years of historical adjustments.
This aims to further improve the performance analysis of a securities lending programme.
Commenting on the announcement, Kabin George, global head of product management, securities finance at S&P Global Market Intelligence, says: “The inclusion of these adjustments would result in a more accurate representation of how lending programmes are performing against their peer groups.
“The adjustments to the revenue are processed and reflected instantaneously in the performance analysis tools of our securities finance products.”
