CIBC MELLON SELECTS EQUILEND FOR CANADIAN SECURITIES FINANCE TECHNOLOGY SERVICES
New York, NY, 10 March 2008 –EquiLend announced today that CIBC Mellon has selected EquiLend’s post-trade offering in order to enhance service to securities borrowers globally. CIBC Mellon will begin by implementing EquiLend’s Contract Comparison service for both Canadian and non-Canadian counterparts.
Choosing EquiLend reflects CIBC Mellon’s ongoing commitment to strengthening automation across its business lines as it aims to mitigate operational risk and achieve greater processing efficiency.
“We are delighted to enhance our infrastructure with EquiLend,” states James Slater, senior vice president and head of capital markets, CIBC Mellon. “EquiLend’s best-in-class solutions not only facilitate greater connectivity with borrowers but also position CIBC Mellon to continue to deliver superior returns to Canadian securities lenders.”
“We are very pleased to welcome CIBC Mellon to our client roster. This underscores our ongoing commitment to providing robust, relevant securities finance solutions to the Canadian marketplace,” says Brian P. Lamb, CEO, EquiLend.
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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