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Securities Lending Market Report | June 2021

Fig 7 - FIS Fig 8 - IHS Markit

Global Securities Lending ETF Availability and On-Loan Balance 140 $45 Global Special Balances by Region
Total Lendable Assets (Billions $) 250 120 On-Loan Balance (Billions $) Average Balances ($bn) $40
260

100
240
$35
80
230
$30
60
220
$25
210
40
200
20
$20
-
190
Mar 2021
May 2021
Feb 2021
Jan 2021
$10
Total Lendable Assets Apr 2021 On-Loan Balance Jun 2021 Jul 2021 $15
$5
$0
Looking at sector specific demand, securities linked to GC flow continues to be the main driver of demand in Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
clean energy and electric vehicles, across distribution, Canada. Overall balances have returned to pre-COVID-19 2020 2021
batteries and charging were some of the most sought after levels, however, specials activity on the whole remains Notes: Average balances with fee > 500bps
by borrowers. We saw strong demand for QuantumScape quiet. Americas Apac EMEA ADR ETF Source: IHS Markit Securities Finance
(QS), Blink Charging (BLNK), Arrival Group (ARVL), Canoo ©2021 IHS Markit
(GOEV), Luminar Tech (LAZR) and Chargepoint Holdings
(CHPT).
Fintech also made up a significant slice of the first half
year revenue - Sofi Technologies (SOFI), Rocket Companies Fig 9 - DataLend
(RKT), Upstart Holdings (UPST) and Futu Holdings (FUTU)
were all amongst the top revenue generators, as they push Equities On-Loan by Region
to disrupt the traditional financial services model.
700

600
On-Loan Balance (Billions €) 400
500

300

200

100

0
North America APAC Europe Other

On-Loan Value June 2020 On-Loan Value June 2021
(Lender to Broker) (Lender to Broker)