HSBC SELECTS EQUILEND FOR SECURITIES FINANCE BUSINESS
LONDON, 16 October 2006 — EquiLend announced today that HSBC Bank PLC will be using EquiLend’s global securities finance trading and operations services, adding to EquiLend’s expanding clientele.
HSBC will begin using EquiLend's services offered through its platform in phases, the first of which will include using EquiLend AutoBorrow for its borrowing and lending needs in Europe. Once the European phase is complete, HSBC plans to extend this rollout globally. Deploying EquiLend's automated system will enhance HSBC's trading and operational efficiency and provide greater scalability.
"Having HSBC as a client is a tremendous milestone for EquiLend," states Brian P. Lamb, CEO of EquiLend. "Their expansive global business in numerous markets makes them a valuable addition to our already robust client base."
Karl von Buren, Global Head of Equity Finance at HSBC said, "The use of automated trading tools is becoming increasingly important to HSBC as we continue to expand our equity finance product. The introduction of EquiLend gives us greater ability to transact with many of the other major players in the market."
For further information, contact:
US/UK Press Contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
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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