EQUILEND INTRODUCES A SIMPLE LOW COST SERVICE FOR AGENT LENDER DISCLOSURE (ALD)
London, 10 November 2009 – EquiLend announced today that their ALD service is now available on a distinct and stand alone basis. Industry participants are now able to opt for this simple, fast and cost effective solution for all ALD data management.
The EquiLend ALD service is available immediately and includes comparison and reconciliation of all global ALD data including repo and reverse repo. Access is available via a number of browser-based options. Set at a flat quarterly cost regardless of the data volume, it is efficient and cost effective.
“We are pleased to offer this simple ALD service, to address the high demand that we have seen due to the upcoming regulatory changes in the European marketplace,” states Sharon Walker, Managing Director, EquiLend Europe Ltd. “This reinforces our mission to offer flexible EquiLend services to all securities finance industry participants.”
For further information, contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
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About EquiLend
EquiLend is a leading provider of trading services for the securities finance industry. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.
www.equilend.com
EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Inc. are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the FINRA and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. EquiLend Canada Inc. is authorized and regulated by IIROC. All services offered by EquiLend are offered through EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Inc. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.
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