Citibank lands securities lending license in Thailand
The agency license will allow the bank to lend to institutions trading on the country''s stock exchange.
Citibank's custody operation has been awarded a securities borrowing and lending agency license from the Thailand Ministry of Finance that allows the bank to lend to broker/dealers trading on the Thai stock exchange.The license falls under a mandatory stock borrowing and lending program operated by the Thailand Securities Depository company that provides a channel for local brokers and sub-brokers to fulfill their settlement obligations to the stock exchange.Using the license, Citiban…
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