Northern Trust Corp., a provider of asset-servicing and asset-management solutions, has created a report to assist insurers with regulatory filings on securities lending programs, Schedule DL. The report is designed to provide Northern Trust asset-servicing clients with information formatted to fulfill National Association of Insurance Commissioners (NAIC) reporting requirements for securities-lending reinvestment collateral detail.
"Insurance companies that participate in lending programs as a way to enhance returns on investment portfolios face new regulatory burdens intended to manage risks and enhance transparency," says Sheldon Woldt, head of the Insurance Client segment of Northern Trust's asset servicing business. "As a custodian and securities-lending agent, we are positioned to help our insurance clients fulfill reporting requirements with automated solutions. The Schedule DL report demonstrates Northern Trusts commitment to assisting insurers meet the challenges of changing regulatory requirements."
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