Auctions Overview » GSLauction™
GSLauction allows banks to lend securities held in custody.
Lenders use a customized secure web page to establish parameters of upcoming auctions which are then automatically forwarded to prospective borrowers.
The site can be used by custodian banks and other lenders to:
- post documents
- collect bids
- tabulate results
- make awards
- generate reports
Bids may take the form of either a rebate rate, a fee per share, or both.
The lender and Grant Street Group can easily customize auction parameters, store, analyze and retrieve auction data and report results.