Securities Lending & Agency Repo

In today’s rapidly evolving markets, securities finance is more than a source of incremental revenue—it is a strategic lever. Through Mitsubishi UFJ Trust and Banking Corporation (MUTB), we offer tailored, turnkey lending programs across all major asset classes and jurisdictions, helping large institutional clients optimize returns, offset expenses, and navigate global regulatory complexity with confidence.

With over $1.2 trillion in lendable assets across 240 clients, more than $100 billion currently on loan as of 2025, and over 35 years of experience, we provide the scale, security, and performance clients need across all interest-rate environments. All of this is backed by the strength and stability of Mitsubishi UFJ Financial Group.

Our dedicated global teams offer responsive, high-touch support throughout the investment life cycle, to ensure your lending program runs smoothly and delivers long-term value.

What's New

In the News

MUFG Investor Services Expands Securities Lending Services in Japan

Overview

Our customized, collateralized, and fully indemnified solutions handle all the operational details of your program, helping to seamlessly integrate with your custodians to deliver top-decile performance without disrupting your investment strategy.

Securities You Can Lend

As your agent, we perform all necessary functions to ensure that we preserve your principal while getting you the most attractive yields on the following assets:

Equities
Fixed income
Exchange-traded funds
American depositary receipts

Collateral We Currently Accept

Every program is uniquely structured, actively managed, and designed to fit your risk parameters and commitments, including your choice of the following collateral:

Cash (invested conservatively)
Government securities
Non-U.S. sovereign debt
Equities of major indexes
Supranational debt
Agency MBS, asset-backed securities
Corporate bonds
Municipal debt
Commercial paper, bankers’ acceptances

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Superior Returns
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Fiduciary (highest) Standard of Care
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Access to All Major Markets
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Comprehensive Indemnifications
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No Cash Management or Reinvestment Fees
6

Real-time Trade Monitoring with Spire
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Direct Access to Traders & Client Optimization Teams

Benefits

We act as an extension of you, the client, to ensure each trade meets all your unique needs and provides a stable stream of revenue regardless of market conditions.

Let’s Solve This Together

Put Idle Assets to Work

Earn stable returns across equity and fixed-income markets, from general collateral to deep specials, without compromising safety, transparency, or oversight. We also leverage EquiLend's Spire system to monitor market conditions and drive optimal performance for your portfolio, no matter how complex the inventory.

Get Bespoke Solutions

Whether your approach focuses on specials-only or general collateral trades, we tailor our lending solutions to align with your fund structure, governance policies, cash reinvestment preferences, and sustainability requirements—to manage each account individually to your specific needs.

Reprice Your Loan

Using data vendors like EquiLend and S&P, we continuously monitor market activity to assess how your trades are performing relative to current conditions. As demand shifts, we then identify opportunities across our 120 counterparties to renegotiate your loans when it is most beneficial to you and reprice them without disrupting your strategy.

Manage Recalls

We proactively prevent settlement fails and manage recalls through stringent controls, closely monitor settlement times and liquidity dynamics around recall dates. Our robust fail-avoidance processes, combined with close coordination with borrowers, help us to locate securities and mitigate risks. Unlike most players in the industry, recalls are a front-office responsibility for us demonstrating the importance of getting securities back for client sales.

Protect Against Defaults

We provide what we believe is one of the most comprehensive margin shortfall indemnifications in the industry—to offer full protection against a counterpart default on both the loan and reverse repo sides of the business.

Connected Offerings

Indemnification

Our indemnification is one of the most comprehensive in the industry, which covers margin shortfall risk caused by price movements following a default, going far beyond the limited overnight coverage most providers offer.

Full replacement of securities
Protection during regulatory-imposed legal stays
Covers overnight and term repos

Timely Settlement of Recalls/Sales

Our procedures and controls support the timely settlement of recalls and sales, and the net result is that we obtain an outstanding trade settlement performance record. We also lend as close to the end user as possible to expedite recalls.