“The ability to access liquidity and deploy capital efficiently has become critical, especially in the context of elevated market volatility,” says Kenneth Lai, OCBC’s head of global markets.
Oversea-Chinese Banking Corporation (OCBC) (SGX:O39
) says it is establishing a dedicated securities financing unit to meet the growing demand of its institutional customers.
According to OCBC, the new unit will help its retail and corporate customers to earn fee income by loaning out their idle securities. OCBC’s customers, as well as clients from its subsidiaries OCBC Securities, Bank of Singapore and Great Eastern, will be able to tap on the service to lend out their equities and fixed income securities. OCBC says it is the first Singapore bank to set up a dedicated unit to focus on securities financing.
