Securities Lending and Borrowing Services
Benefits of GSLAuction™
- Professionally managed and secure
- Auctions are created, hosted, and maintained within our secure website
- Intuitive functionality and customizable reports
- Easily customize auction parameters; store, analyze, and retrieve auction data; and report results
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, fee per share, or both.