Citi rolls out new securities lending service in India

Citi’s Securities and Fund Services on Monday announced the launch of offering securities lending services on the National Stock Exchange (NSE).

With this, Citi, as the first international custodian bank to offer securities lending services on NSE in the country, has reinforced its dominance in the emerging markets, making its proprietary OpenLendSM platform now available in 72 markets globally, said an official statement.

This service will provide for both Citi’s domestic Indian and offshore clients, for the first time, a seamless market access to the anonymous exchange-traded central counterparty model prevalent in India.