EQUILEND'S GLOBAL AGENT LENDER DISCLOSURE SERVICE GAINS MOMENTUM IN EUROPE
New York, NY, 05 May 2008 –EquiLend’s International Agency Lender Disclosure (ALD) service has achieved significant momentum in Europe in response to industry and regulatory requirements. EquiLend’s ALD service provides secure and timely transfer of principal loan data, as well as a facility for approving underlying principals. As a result of its robustness, many European clients have chosen to use the ALD service, leveraging their existing infrastructure and links with EquiLend.
EquiLend first provided an ALD service in response to regulations within the United States, and it is this service which has continued to expand its use within the International market. As requirements from International regulators are solidified, EquiLend will continue to develop and enhance ALD to meet the specific needs of its clients.
“We have many clients, including some of the largest lenders in the world, using EquiLend’s ALD service to exchange principal loan data. We continue to see an increasing amount of interest as this topic becomes more relevant within the global securities finance industry” states Sharon Walker, Managing Director, EquiLend Europe Ltd.
For further information, please 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 and EquiLend Europe Limited are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the NASD and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. All services offered by EquiLend are offered through EquiLend LLC and EquiLend Europe Limited. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.
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