Arab Today, arab today nbad becomes first securities lend and borrow agent
Last Updated : GMT 12:03:13
Arab Today, arab today
Arab Today, arab today

Only official market maker since April 2014

NBAD becomes first Securities Lend and Borrow Agent

Arab Today, arab today

Arab Today, arab today NBAD becomes first Securities Lend and Borrow Agent

National Bank of Abu Dhabi (NBAD)
Abu Dhabi - Arab Today

National Bank of Abu Dhabi, NBAD, has become the first bank to operate as a Securities Lending and Borrowing Agent for the UAE market, after it was granted approval by Securities and Commodities Authority, SCA.

This achievement illustrates NBAD's leadership position in the market. In addition to being currently the only SCA-licensed Securities Lending and Borrowing Agent, NBAD is the UAE's first licensed custodian bank and first and only official market maker since April 2014.

Jonathan Titone, Executive Director - Head of Product Development of Global Wealth at NBAD, said, "The combination of these capabilities will allow NBAD to offer its institutional clients a distinctive opportunity to earn incremental revenue on share positions which would have otherwise remained dormant and likely add liquidity and efficiency to the market. This sets up another milestone in our strategy to build the best Arab Bank in the world."

For clients choosing to participate in the programme, securities lending and borrowing transactions facilitate the temporarily transfer of the title of their securities to NBAD as a borrower for use in market making activities. Collateral will be posted to the lender and lenders will earn revenue from use of their shares. As the borrower, NBAD is obliged to return the securities to the lender at a later agreed date, or on demand.

Mr. Titone added, "We are proud to be the first UAE Securities Lending and Borrowing Agent, and to reaffirm our leading role in local and regional capital markets. It represents another step forward in the market's impressive development journey and the programme will increase market efficiency and liquidity in supporting market making activities, thus providing for greater market complexity."
Source: WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nbad becomes first securities lend and borrow agent Arab Today, arab today nbad becomes first securities lend and borrow agent

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nbad becomes first securities lend and borrow agent Arab Today, arab today nbad becomes first securities lend and borrow agent

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday