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BNY Becomes First Agent Lender for Cboe's SFTs

11/13/2025

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Summary

Story summary

Cboe Clear Europe appointed BNY as the first agent lender for its Securities Financing Transactions clearing service, enabling BNY to clear SFTs for UCITS clients.
A new title transfer model with a pledge-back feature was introduced, enabling UCITS and other lenders to use centrally cleared SFTs without posting margin.
The model aims to increase asset loan volumes, boost market liquidity, and improve balance sheet efficiency for borrowers.

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Story summary

Cboe Clear Europe appointed BNY as the first agent lender for its Securities Financing Transactions clearing service, enabling BNY to clear SFTs for UCITS clients.
A new title transfer model with a pledge-back feature was introduced, enabling UCITS and other lenders to use centrally cleared SFTs without posting margin.
The model aims to increase asset loan volumes, boost market liquidity, and improve balance sheet efficiency for borrowers.