Returns & Recalls

RETURNS & RECALLS

OVERVIEW

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


HOW RETURNS & RECALLS WORK
  • 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

KEY 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
  • Using an EquiLend ID, initiate a return/recall that is contract specific for both parties
  • 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