Northern Trust Creates Reporting Solution

Northern Trust has offered insurance companies a reporting solution for lending collateral.

Northern Trust has offered insurance companies a reporting solution for lending collateral. The report, Schedule DL, offers the company’s asset servicing clients information formatted to fulfil National Association of Insurance Commissioners’ (NAIC) reporting requirements for securities lending reinvestment collateral detail. Insurers are required to show detailed holdings of reinvested collateral on securities loans as per the report. The solution combines information from Northern Trust’s securities lending database with its insurance investment accounting capabilities to assign Schedule D classifications and NAIC ratings received from the Securities Valuation Office.

Click here for the release from Business Wire.