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Securities Lending Market Report | March 2022

Equities

Fig 5 - IHS Markit

Global Securities Lending Equity Market 1.30

Total Lendable Assets (Trillions €) 24.00 1.20 On-Loan Value (Trillions €)
26.00

22.00
1.10
20.00
1.00
18.00
0.90
16.00
0.80
14.00
0.70
12.00
10.00
0.60
Feb 2021
Jun 2021
Jan 2021
May 2021
Apr 2021
Mar 2021
On-Loan Balance
Total Lendable Assets Jul 2021 Aug 2021 Sep 2021 Oct 2021 Nov 2021 Dec 2021
>>> Europe & Middle East

Fig 6 - DataLend

European Securities Lending Equity Market 0.30
Total Lendable Assets (Trillions €) 3.50 0.25 On-Loan Value (Trillions €)
4.00

3.00
0.20
2.50
0.15
2.00
1.50
0.10
1.00
0.05
0.50
-
-
Jan 2021 Feb 2021 Mar 2021 Apr 2021 May 2021 Jun 2021 Jul 2021 Aug 2021 Sep 2021 Oct 2021 Nov 2021 Dec 2021
Total Lendable Assets On-Loan Value

Along with most developed markets, European indices though some of the interest we’d expect to see was
saw a positive performance in 2021. Despite this, the notably absent, presumably due to the buybacks of 2020.
traditional consistent securities lending revenue streams Nevertheless, revenue for the region still outperformed,
associated with deep and broad specials were not seen. driven by a rise in corporate activity that created
Industries exposed to the impact of Covid-19, such as significantly increased spread opportunities for intelligent
travel and airlines, were the highest performing sectors in lenders.
terms of short interest and lending revenue. Germany was
the top performer in terms of special situations activity,