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State Street launches peer-to-peer lending product

Oct. 10, 2019 9:01 AM ETState Street Corporation (STT) StockBy: Liz Kiesche, SA News Editor
  • State Street (NYSE:STT) starts Direct Access Lending, a securities finance product that enables direct, principal loans between its lending clients and its borrowing clients.
  • The company will leverage ts Agency Lending and Enhanced Custody programs to offer both sets of customers the benefits of each program required to operate in a peer-to-peer transaction while getting the economic benefit associated with Direct Access loans.

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