Agency Lender Disclosure (ALD)

EquiLend’s ALD service acts as a conduit for data transfer between EquiLend counterparties globally. It also provides secure and timely transfer of principal loan data as a facility for approving underlying principals. This enables the credit prequalification of principals on EquiLend ALD, which in turn permits clients to calculate daily capital adequacy on their proprietary systems.

How It Works

  • Credit Prequalification

    Borrowers must actively prequalify each principal lender with whom they will transact.

  • Regulatory Capital Reporting

    Helps borrowers to perform regulatory capital calculations and credit exposure monitoring.

  • Comparison and Exception Reporting

    EquiLend produces comparison data with highlighted breaks. A selection of reports are available for review or download for the operations and credit groups.

Key Benefits

  • Send or receive ALD files with all counterparties, even if they are not EquiLend clients

  • Deliver and receive daily position and activity files through the EquiLend platform

  • Account management tools include broker affirmations of new principal accounts opened by agent lenders

  • Flexible exception rules accommodate differences in client proprietary systems

  • Persistent actions and comments allow users to track break history

  • Reporting displays lender contracts aggregated with totals

  • Exception reports highlight allocation and loan discrepancies

  • Compliant with SIFMA and ISLA standards

  • View the status of principals in the browser

Next Generation Trading (NGT) is a multi-asset class trading platform for the securities finance marketplace. With tens of thousands of trades conducted on the platform around the globe each day, NGT offers unparalleled liquidity in the securities finance market.

Iain Mackay

Iain Mackay

Global Product Owner
Post-Trade Services
+44 20 7426 4402

Rowena Brown

Rowena Brown

+44 20 7426 4412