Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Mitsubishi outlines securities-lending program to PERS trustees, highlights indemnification and collateral standards
Summary
Mitsubishi told PERS trustees its securities-lending program offers indemnification, daily collateral monitoring and an 88/12 revenue split favorable to PERS; presenters also detailed haircuts (typical equity collateralization ~102% domestic, ~105% international), recall processes, proxy voting options and reinvestment risks.
Representatives from Mitsubishi Financial Group presented an overview of securities lending to the Public Employees Retirement System of Mississippi investment committee, describing how the program would operate and how Mitsubishi manages risk.
Tom Ryan, senior vice president and head of client management and optimization at Mitsubishi, and Gustaf (Gus) Christakos, first vice president and head of client relationships, said securities lending generates incremental revenue for long holders by lending a security to a borrower in exchange for cash collateral. Mitsubishi said it invests that collateral in short-duration,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
