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Article: DrKW Launches E-Lending.(Dresdner Kleinwort Wasserstein)(Brief Article)
- Article from:
- Securities Industry News
- Article date:
- August 27, 2001
- Author:
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Joining the new wave of e-lending platforms, Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Germany's Dresdner Bank, now owned by the insurance giant Allianz Group, is set to launch EQ Finance on Aug. 30.
The EQ Finance platform will concentrate on equities-mainly German, French and Italian-rather than debt instruments, which are far more liquid, easier to price, and a far larger market. Much of the securities-lending business today is concentrated in U.S. Treasuries, where Bank of New York and J.P. Morgan Chase dominate as lending agents.
Like many lending platforms, DrKW's homegrown system is aimed at allowing buyers and ...