By IANS,
Mumbai : Financial services major HSBC Friday said it has launched clearing services for institutional investors who participate in securities lending and borrowing (SLB) transactions.
The transactions will be permitted in the country from April 21.
“With this service, clients will benefit from a single window solution, settlement efficiency, timely and comprehensive reporting capabilities, and enhanced flexibility in managing their securities and funds to meet investment objectives,” Vikramaaditya, head of HSBC’s India Securities
Services, said in a statement issued here.
Local and cross-border investors can now clear their SLB transactions, in addition to their equity, debt and derivative trades, through HSBC. This will provide investors an opportunity to earn incremental returns on their securities and develop multiple trading strategies for their investment, the statement said.