LONDON, November 10 /PRNewswire/ -- EquiLend announced today that their ALD service is now available on a
distinct and stand alone basis. Industry participants are now able to opt for
this simple, fast and cost effective solution for all ALD data management.
The EquiLend ALD service is available immediately and includes comparison
and reconciliation of all global ALD data including repo and reverse repo.
Access is available via a number of browser-based options. Set at a flat
quarterly cost regardless of the data volume, it is efficient and cost
effective.
"We are pleased to offer this simple ALD service, to address the high
demand that we have seen due to the upcoming regulatory changes in the
European marketplace," states Sharon Walker, Managing Director, EquiLend
Europe Ltd. "This reinforces our mission to offer flexible EquiLend services
to all securities finance industry participants."
About EquiLend
EquiLend is the leading provider of brokerage solutions for the
securities finance industry. Owned by eleven preeminent financial firms,
EquiLend revolutionizes straight-through processing by using a common
standards-based protocol and infrastructure, which automates formerly manual
business processes. Used by borrowers and lenders throughout the world, the
EquiLend platform creates efficiency and provides access to additional
liquidity. EquiLend's end-to-end solutions, which reduce the risk of
potential errors and eliminate the need to maintain costly point-to-point
connections, include Availability, AutoBorrow, Trade2O, EquiLend
AuctionPort(SM), Contract Comparison, Mark-to-Market Comparison, Returns,
Recalls, Billing Comparison and Delivery, Dividend Claims Comparison, and
Agent Lender Disclosure (ALD). The EquiLend platform also supports the
execution of payment and delivery instructions through the DTCC.
EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Inc. are
subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend
LLC is a member of the FINRA and SIPC. EquiLend Europe Limited is authorized
and regulated by the Financial Services Authority. EquiLend Canada Inc. is
authorized and regulated by IIROC. All services offered by EquiLend are
offered through EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada
Inc. EquiLend and the EquiLend mark are protected in the United States and in
countries throughout the world.
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