Wells Releases SecLending Recordkeeping Product

February 5, 2003 (PLANSPONSOR.com) - Plan sponsors with an active securities lending portfolio may benefit from a new recordkeeping service.

Wells Fargo announced that its new Securities Lending Reporting product allows securities lending participants to access online information on their open loans through the bank’s Commercial Electronic Office business portal. The service is also available to clients participating in third-party securities-lending arrangements.

The company said that Securities Lending Reporting offers subscribers the ability to view or download:

  • loan detail
  • earnings and performance information
  • collateral investment data.

The company said information can be viewed at the individual account level or aggregated into account groups.