EquiLend Clearing Services Gateway

EquiLend Clearing Services

EquiLend Clearing Services (ECS) provides direct connectivity to CCPs for central clearing of securities finance trades. Our services offer powerful trading and post-trade tools that improve efficiency and mitigate risk. They integrate into a firm’s existing environment and can be fully automated. We currently have connections to OCC and Eurex, and have delivered a solution that is portable across CCPs globally. The ECS Gateway provides a central point for all matched transactions to flow directly to a CCP, while delivering real-time updates on settlement back to clients. ECS also offers a front-to-back solution from trade execution through the lifecycle of the trade, including support for returns, recalls, rerates and corporate actions.

EquiLend Clearing Services Gateway

As a third-party flow provider, EquiLend Clearing Services (ECS) offers connectivity to Eurex Clearing’s Lending CCP. ECS leverages EquiLend’s suite of trading and post-trade services coupled with the ECS Gateway to allow for trade execution/matching and management of all lifecycle events.

ECS allows EquiLend’s market participants to leverage their existing infrastructure to make the management of CCP activity consistent with traditional bilateral activity.

How It Works

  • Clients conduct their normal bilateral trading activity using the NGT platform.
  • Once both sides of the transaction match, the transaction is sent to the ECS Gateway and on to Eurex Clearing for clearance and settlement.
  • ECS will then communicate settlement, mark to market, billing and asset servicing information from Eurex Clearing in real time to the counterparties.
  • The flexibility exists to allow for straight-through processing for all activity or the use of our screen-based solution.

Note: To use EquiLend Clearing Services CCP Connectivity, both counterparties to the trade must be using ECS as their third-party flow provider.

Benefits

Provides access to Eurex Clearing’s Lending CCP via a trusted technology provider

Leverages existing EquiLend trading and post-trade technology, simplifying the Lending CCP connection for current EquiLend users

Fully automated, real-time status updates

Automated best practice approaches to exposure management, asset servicing and settlement risk

Global solution that can be used for many CCPs

Standard process for bilateral and CCP-novated trades

WHO WE ARE

EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and swaps industries. EquiLend has offices in New York, Boston, Toronto, London, Dublin, Hong Kong and Tokyo.

Matt Collins
Director
Markets & Trading, ECS

+1 (646) 767 4314 

John Surgent
Associate Director
ECS Gateway 

+1 (646) 767 4325