Trade Talk - Winter 2009
Table of Contents
In this issue..
A message from our CEO
I joined CIBC Mellon in early November, and I am honoured to lead a company that takes great pride in delivering client service excellence. I‘m proud that our commitment to our clients was recognized in International Securities Finance (ISF) magazine’s 2009 Equity Lending Survey. In light of this result, we have dedicated this edition of Trade Talk to an exploration of the practice of securities lending in Canada.
Dining on dividends
With interest rates now at historic lows, and even mid-rated corporate bonds hardly offering generous payments, the attraction of dividends could tell a greater part of the story in 2010.
Economic update
The "global emergency rescue" of the financial system and the economy was a major success, at least from a short-term cyclical perspective and probably from a long-term perspective as well.
CIBC Mellon scores big on ISF survey: An interview with James Slater
CIBC Mellon was recently awarded the coveted position as #1 in delivering securities lending service over the past year. James Slater, senior vice president and head of capital markets at CIBC Mellon answers questions about how CIBC Mellon’s securities lending client service approach contributed to this success
Securities lending in a post-Lehman world
Why do beneficial owners continue to lend in a post-Lehman world? Rob Ferguson, vice president of product & client service, provides a analysis of what contributed to the scrutiny of securities lending after the Lehman Brother’s default, and how the practice stood the test and delivered strong results during an extremely challenging period.
CASLA advocating on behalf of securities lending market participants in Canada
Launched at a timely stage in the industry’s development, the Canadian Securities Lending Association (CASLA) is an industry group that is seeking to enhance the public’s understanding of securities lending, encourage the adoption of best-practices and work with regulators and other industry associations to ensure the operation of an efficient and secure marketplace.
Trade Talk 2010 Calendar
Trade Talk 2010 Calendar
This issue by:
Thomas S. Monahan
Avery Shenfield
Richard B. Hoey
David Bauer
Rob Ferguson
Rob Chiuch
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Trade Talk® is provided for general information purposes only and CIBC Mellon Global Securities Services Company, CIBC Mellon Trust Company, CIBC, The Bank of New York Mellon Corporation and their affiliates make no representations or warranties as to its accuracy or completeness. Readers should be aware the content of this publication should not be regarded as legal, tax, accounting, investment, financial or other professional advice nor is it intended for such use.
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