State Street's securities lending program distinguishes itself in the way that we provide our clients, both lenders and borrowers, with the information and tools they need to understand and monitor their securities lending activity.

We use a consultative approach to work with our lenders to create customized securities lending programs that will help them reach their financial goals. Our global offices and network of trading desks — located throughout North America, Europe and the Asia/Pacific region — enable us to provide clients with regional expertise and experience as well as access to the markets 24 hours a day. Our local presence allows us to understand needs, address issues and partner with our clients to create superior securities lending programs.

State Street's global presence allows us to provide clients with optimal lending opportunities. We continually evaluate new markets and forms of collateral and work to develop new structures to support the growing needs of our clients. We deliver integrated online solutions to provide lenders with insight into their securities lending activity. Clients have access to a risk-adjusted performance measurement system, SL PerformanceAnalyzer^®, as well as a state-of-the-art client reporting application, SL PerformanceReporter^®.

State Street actively works with borrowers by providing collateral flexibility, online borrowing capabilities and customized borrower reporting. Our global market coverage allows borrowers to locate and execute loans in their respective time zone with 24-hour lending opportunities. We maintain a single inventory on an integrated system, supported by 24-hour operations in order to maximize loan opportunities. Our primary online lending tool, WebLend^™, is a proprietary system that allows approved borrowers to automatically book general collateral trades, allowing them to focus on more complex trades.