ALD

Agency Lender Disclosure (ALD)

EquiLend’s ALD service acts as a conduit for data transfer between EquiLend counterparties globally. It also provides secure and timely transfer of principal loan data as a facility for approving underlying principals. This enables the credit prequalification of principals on EquiLend ALD, which in turn permits clients to calculate daily capital adequacy on their proprietary systems.

How It Works

Credit Prequalification

Borrowers must actively prequalify each principal lender with whom they will transact.

Regulatory Capital Reporting

Helps borrowers to perform regulatory capital calculations and credit exposure monitoring.

Comparison and Exception Reporting

EquiLend produces comparison data with highlighted breaks. A selection of reports are available for review or download for the operations and credit groups.

Benefits

  • Send or receive ALD files with all counterparties, even if they are not EquiLend clients

  • Deliver and receive daily position and activity files through the EquiLend platform

  • Account management tools include broker affirmations of new principal accounts opened by agent lenders

  • Flexible exception rules accommodate differences in client proprietary systems

  • Ability to return or recall all global equity and fixed income securities

  • Persistent actions and comments allow users to track break history

  • Reporting displays lender contracts aggregated with totals

  • Exception reports highlight allocation and loan discrepancies

  • Compliant with SIFMA and ISLA standards

  • View the status of principals in the browser

Collateral Trading

EquiLend Collateral Trading offers funding and financing desks a centralized way to execute and manage trade structures with their counterparties. Collateral Trading supports collateral trade negotiation, execution and management of lifecycle events, such as substitutions and transaction rolls.
Click Here To Learn More

WHO WE ARE

EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and swaps industries. EquiLend has offices in New York, Toronto, London, Dublin, Hong Kong and Tokyo.

Iain Mackay
Global Product Owner
Post-Trade Services
+44 20 7426 4402

Rowena Brown
Director
CRM
+44 20 7426 4412

CSDR

EquiLend’s Solutions for CSDR

For Securities Finance, Collateral and Swaps Market Participants

Throughout the trading lifecycle, EquiLend offers a suite of services to assist clients in their CSDR regulatory obligations. These include: NGT, Unified Comparison, SSI Repository, Returns and Recalls, EquiLend Exposure and EquiLend Spire.

CSDR: The Impact for Securities Finance, Collateral and Swaps Market Participants

Click Here

EquiLend NGT

 

EquiLend NGT, our multi-asset class trading platform, presents multiple benefits as a CSDR solution.

Increased Trade-Level Transparency

NGT automates the booking and matching of multiple fields at the point of trade, including the ability to add settlement location and market fields. Trades executed on NGT have a far greater matched rate than those booked manually and also have less risk of manual errors

Unparalleled Liquidity

EquiLend facilitates securities lending for a significant number of top-tier market participants in the securities lending market, offering unique liquidity opportunities. 

Greater Demand

There is expected to be an increased demand for securities borrowing once CSDR is implemented, in addition to increased demand in less liquid instruments, specifically mid-tier and low-tier equity markets and fixed income instruments due to mandatory buy-in.

EquiLend Post-Trade Suite

 

EquiLend Post-Trade Suite provides full trade management solutions:

  • Unified Comparison

    Unified Comparison’s flexible, automated workflow management allows users to reduce downstream lifecycle noise. Unified Comparison is the nucleus for post-trade lifecycle management and a gateway into all the other PTS products available within EquiLend.

  • Settlement Instructions Repository​

    EquiLend’s Settlement Instructions Repository offers an automated service for central storage of all settlement instructions. The flexible upload functionality and automated email alert notifications allow users to efficiently manage their instructions process. Managerial authorization of instructions and changes ensure that instructions are tracked for data integrity and compliance, increasing settlement efficiency.

  • Returns & Recalls

    The EquiLend Returns & Recalls services provide an efficient, automated way for borrowers and lenders to send return or recall notifications. Using these tools, a counterparty may initiate a return or recall for a specific contract using a unique EquiLend ID, or may issue a more general return or recall for one or more securities. EquiLend provides reporting and tracking capabilities to monitor return or recall status online.

  • EquiLend Exposure

    EquiLend Exposure is uniquely designed to enable collateral teams to effectively manage collateral requirements based on real time information. This platform provides a centralized way to highlight intraday exposure risk, identify discrepancies in collateral requirements between counterparties and facilitate STP connectivity to tri-party agents whilst enhancing control and governance to ensure that collateral transactions are executed exactly how clients would expect.

EquiLend Spire

 

EquiLend Spire, EquiLend’s books & records/inventory management platform, offers centralized management of a firm’s entire securities finance business.

EquiLend Spire features include comprehensive, industry-specific functionality; cutting-edge technology and automation; and seamless integration with EquiLend and other securities finance industry service providers. Modules include:

  • Securities Finance Core (books and records)

  • Order/Inventory Management

  • Fully Paid Lending

  • Short Sale Approvals

  • Seg Optimization

To discuss how EquiLend can support your firm's CSDR requirements, please contact us here

CSDR: The Impact for Securities Finance, Collateral and Swaps Market Participants

Click Here

Iain Mackay
Global Product Owner
Post-Trade Services
+44 20 7426 4402

Grant Davies
Director
Head of European Sales
+44 20 3023 8383

Returns & Recalls

Returns & Recalls

The EquiLend Returns & Recalls services provide an efficient, automated way for borrowers and lenders to send return or recall notifications. 

How Returns and Recalls Works

A counterparty initiates a return/recall for a specific contract using a unique EquiLend ID, or may issue a more general return/recall for one or more securities

The recipient may acknowledge the receipt of a return/recall via the EquiLend screen or through messages integrated into their prop system

EquiLend provides reporting and tracking capabilities to monitor return/recall status online

Features

  • Initiate returns/recalls via the browser, XLS file uploads or messaging

  • Set system to automatically acknowledge the return/recall or have active control

  • Ability to bilaterally agree on customized cut-off times by market

  • Through a direct link to the DTCC ARMS hub, EquiLend clients can recall U.S. securities from non-EquiLend clients with whom they have transacted

  • Ability to return or recall all global equity and fixed income securities

Collateral Trading

EquiLend Collateral Trading offers funding and financing desks a centralized way to execute and manage trade structures with their counterparties. Collateral Trading supports collateral trade negotiation, execution and management of lifecycle events, such as substitutions and transaction rolls.
Click Here To Learn More

WHO WE ARE

EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and swaps industries. EquiLend has offices in New York, Toronto, London, Dublin, Hong Kong and Tokyo.

Iain Mackay
Global Product Owner
Post-Trade Services
+44 20 7426 4402

Rowena Brown
Director
CRM
+44 20 7426 4412

Billing

Billing

In many ways the automation of the post-trade life cycle has never been better. Contracts are more regularly reconciled. Intraday reconciliation goes beyond anything you may have previously imagined. But something happened as we ventured into this exciting new world—the billing process got left behind.

Our goal with EquiLend Billing was to engineer a complete end-to-end Billing experience utilizing the lightest and most compact process seen to date. That meant reimagining every step of the billing life cycle to make it easier for clients to recoup their revenue within the current billing month. The result is more than just a reconciliation product. It is a unique, flexible, integrated solution that allows clients to communicate efficiently. EquiLend Billing has all you need to create, distribute and reconcile your bills today.

How Billing Works

  • Generate and distribute statements automatically.

    Connect either through a standard billing file or leverage the existing Billing Comparison file. Billing statements are automatically generated and distributed on clients’ behalf to all their counterparts. The counterpart doesn’t even need to be an existing EquiLend client.

  • Reconciliation. Payments. Tracking. You’re covered.

    Detailed, daily reconciliation of security breaks is a cinch. Use the interactive reconciliation functionality to resolve the discrepancies and agree the bill directly from the Billing screen.

  • All your life cycle events. One seamless product.

    EquiLend Billing works seamlessly with Unified Comparison, allowing clients to easily transfer the reconciliation work already completed in Unified Comparison into EquiLend Billing.

Features

  • Ability to create statements in both PDF and Excel with automatic distribution

  • Billing dashboard to monitor progress across all your global counterparts

  • Easy setup for faster implementation of service

  • Statements can be downloaded for reconciliation, printing and storage for audit records

  • Detailed reconciliation screen both at security and daily interaction level

  • Filters and Sorts on the browser help make the reconciliation process more efficient

  • On-screen visualization of outstanding payables and receivables

  • Offers direct access to historical break detail on Unified Comparison

  • Public comments provide the ability to record notes on a break

Swapitimization

Swaptimization is a technology solution designed to provide automation to global equity total return swap (TRS) trading workflow. Swaptimization utilizes a proprietary matching algorithm to pair natural positions across market participants to facilitate bilateral security-based TRS in an efficient, centralized and scalable manner.
Click Here To Learn More

WHO WE ARE

EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and swaps industries. EquiLend has offices in New York, Toronto, London, Dublin, Hong Kong and Tokyo.

Iain Mackay
Global Product Owner
Post-Trade Services
+44 20 7426 4402

Rowena Brown
Director
CRM
+44 20 7426 4412

Settlement Instructions Repository

Settlement Instructions Repository

The Settlement Instructions Repository offers an automated service for central storage of all settlement instructions. It is a product agnostic service which can facilitate the sharing of instructions across all markets. The flexible upload functionality and automated email alert notifications allow users to efficiently manage their instructions process. Managerial authorization of instructions and changes ensure that instructions are tracked for data integrity and compliance. Settlement Instructions Repository also integrates into EquiLend’s Unified Comparison service, enriching trade level details to your pending loans and returns.

How Settlement Instructions Repository Works

  • A client uploads settlement instructions into the repository

  • EquiLend generates an email and approved users authorize instructions

  • Upon approval, EquiLend generates an email to notify counterparties of new instructions

  • Counterparties review instructions, update their proprietary system, and amend EquiLend status to “Confirmed”

  • EquiLend generates an email notification to both clients confirming the instructions

  • Instructions are managed in the repository for easy access and research

Features

  • Utilize the repository across all markets and products

  • Centrally manage the settlement instructions process across organization

  • Receive email notifications alerting counterparties of all instruction updates

  • Conveniently store history of all instructions and changes

  • Facilitate callback process electronically

  • Instructions can be incorporated into Settlement

  • Comparison allowing clients to effectively compare contract details

Unified Comparison

Unified Comparison is the nucleus for post-trade lifecycle management and a gateway into all the other PTS products available within EquiLend. By connecting to Unified Comparison, you will reduce downstream lifecycle noise and be positioned to adhere to future regulatory initiatives.
Click Here To Learn More

WHO WE ARE

EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and swaps industries. EquiLend has offices in New York, Toronto, London, Dublin, Hong Kong and Tokyo.

Iain Mackay
Global Product Owner
Post-Trade Services
+44 20 7426 4402

Rowena Brown
Director
CRM
+44 20 7426 4412

Mark-to-Market Comparison

Mark-to-Market Comparison

Mark-to-Market Comparison allows users to compare mark values, prices and other loan details for cash and non-cash loans. Customizable tolerances and rules can be applied based on collateral currency and mark amount to auto-mark records. Mark-to-Market Comparison offers the ability to automatically submit Security Payment Order (SPO) charges directly from the screen to DTCC (for U.S. securities). Prices for the comparison can be sent by the client or automatically applied based on EquiLend’s pricing source.

How Market-to-Market Works

  • OneFile is leveraged to generate marks comparison

  • A matching and comparison algorithm will highlight breaks on the old price, new price, quantity and mark amount that falls outside an agreed-upon tolerance

  • Matched and matched-within-tolerance records are returned to both counterparties in a standardized file, which can be integrated into a firm’s proprietary system

  • Items that fall outside the specified tolerance can be reconciled on screen in real time

  • Total mark value figures are agreed upon for cash collateral movements

  • SPO charges for matched and reconciled records are automatically sent to DTCC

Features

  • Leverages OneFile

  • Processes cash and non-cash mark records

  • Flexible tolerances and rules may be applied for specific currencies

  • Easily reconcile in real time directly on the screens

  • Aggregated security-level view and lot-level detail

  • Ability to automatically submit Security Payment Order (SPO) charges directly from Mark-to-Market screen to DTCC

  • SPO charges stored online for 6 months with XLS file download available

  • Interactive comments allow client and counterparty to record notes on a break

  • Reconciliation results can be automatically integrated into a firm’s proprietary system

  • A customizable browser interface, filters and global actions facilitate a simplified online reconciliation process

Returns & Recalls

The EquiLend Returns & Recalls services provide an efficient, automated way for borrowers and lenders to send return or recall notifications.
Click Here To Learn More

WHO WE ARE

EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and swaps industries. EquiLend has offices in New York, Toronto, London, Dublin, Hong Kong and Tokyo.

Iain Mackay
Global Product Owner
Post-Trade Services
+44 20 7426 4402

Rowena Brown
Director
CRM
+44 20 7426 4412