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Securities Lending Market Report | March 2022

Data Methodologies

This ISLA Securities Lending Market Report has been By adopting this approach, we have been able to develop
compiled using a range of data contributors togetherwith and publish the ISLA Global Securities Lending Aggregate.
specific information provided directly by our members This aggregate, that will be used to develop consistent
through surveys and questionnaires.
trend indicators over time, has been compiled by
We would like at this point to thank all of the various combining information from each of the commercial data
contributors for their efforts in assisting ISLA in the providers.
production of this report.
The aggregate was compiled to provide the most
Loan information that includes details of securities on-loan representative global estimation of the size and scope of
across different asset and client types has been provided the securities lending markets. In compiling the aggregate,
by three institutions that provide commercial data and we took the largest securities lending on-loan balance
benchmarking services for the securities financing industry. provided by the three commercial data providers as a
starting point for the calculation.
DataLend, IHS Markit and FIS Global all collect data from
industry participants on a high frequency basis and provide This global on-loan balance was then adjusted to reflect
a range of securities lending benchmarking analytics incremental data from the other commercial data providers
that allow firms and their clients to better understand where their reported on-loan balances across different
and assess the relative performance of any given lending asset classes or regions created a more representative
programme. overall global number.
Whilst each of these data providers covers broadly the All regional and geographic analysis reflects the location
same market we have chosen to use data from each to of the issuer of the securities (as opposed to the location
reflect the fact that each has a slightly different business of the lender or borrower) as this is the basis on which the
model and client mix and therefore provide different providers collect and analyse their data.
perspectives across certain asset classes or regions.
Data from the principal tri-party service providers active in
Europe today is also incorporated within the report as part
of our analysis of collateral.

Providers

Find out more Find out more
www.datalend.com www.bnymellon.com

Find out more Find out more
www.fisglobal.com www.clearstream.com

Find out more Find out more
www.ihsmarkit.com www.euroclear.com

Find out more
www.jpmorgan.com