Cecabank and Banco Santander complete 鈥榝irst鈥� agency securities lending trade
14 July 2025 Spain
Image: Anisah/stock.adobe.com
Cecabank and Banco Santander have executed the first securities lending transaction through a fully domestic agency model.
According to the firms, the move marks 鈥渁 milestone in the evolution of the Spanish securities lending market鈥�.
This achievement positions Cecabank as 鈥渢he first Spanish agent lender鈥�, the firm says, providing domestic institutions with a local, specialised alternative that is aligned with international best practices in collateral management and operational efficiency.
Enrique Verd煤, managing director of securities finance at Banco Santander, says: 鈥淭his transaction not only launches a new service but also opens the door to a structural transformation of the Spanish market.鈥�
The transaction, structured with fixed income collateral and conducted in a triparty format, strengthens both institutions鈥� readiness for regulatory challenges, aligning with international standards on efficiency, risk mitigation, and transparency.
Jos茅 Manuel Tassara, head of agency securities finance at Cecabank, adds: 鈥淭his is the first step toward a robust and sustainable model that prepares us for the new regulatory landscape and reinforces our commitment to innovation in post-trade services.鈥�
Cecabank says its new agency service enables institutional clients to access the securities lending market in a flexible and efficient manner, with structures tailored to meet current and future requirements of the European regulatory framework.
According to the firms, the move marks 鈥渁 milestone in the evolution of the Spanish securities lending market鈥�.
This achievement positions Cecabank as 鈥渢he first Spanish agent lender鈥�, the firm says, providing domestic institutions with a local, specialised alternative that is aligned with international best practices in collateral management and operational efficiency.
Enrique Verd煤, managing director of securities finance at Banco Santander, says: 鈥淭his transaction not only launches a new service but also opens the door to a structural transformation of the Spanish market.鈥�
The transaction, structured with fixed income collateral and conducted in a triparty format, strengthens both institutions鈥� readiness for regulatory challenges, aligning with international standards on efficiency, risk mitigation, and transparency.
Jos茅 Manuel Tassara, head of agency securities finance at Cecabank, adds: 鈥淭his is the first step toward a robust and sustainable model that prepares us for the new regulatory landscape and reinforces our commitment to innovation in post-trade services.鈥�
Cecabank says its new agency service enables institutional clients to access the securities lending market in a flexible and efficient manner, with structures tailored to meet current and future requirements of the European regulatory framework.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 兔子先生Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 兔子先生Finance Times
