Dividend Comparison

Dividend Comparison

Compare dividend claims and payment details with Dividend Comparison, which highlights breaking information between two counterparties.

How It Works

Files are submitted by both counterparties 

Claims are compared and discrepancies identified using a multi-step algorithm

Counterparties resolve breaks on the browser and messaging is sent back, which can automatically update a client’s proprietary system

Pre-advice functionality allows users to send claim payment details; alternatively, a client can send a one-sided file and the receiver can affirm the claim and payment details

Features

  • Data delivery by browser entry, FTP or XLS file upload

  • Pre-advice offers payment instructions, which can be received by a firm’s proprietary system

  • Customizable tolerances by currency

  • Two-sided comparison or single file delivery with counterparty affirmation

  • Public and private comments to record notes on a break

  • Ages unresolved breaks prior to and post pay date

  • Reduces time spent manually reconciling & paying or making claims

  • History tab displays data from past runs

  • Get paid on time!

Collateral Trading

EquiLend Collateral Trading offers funding and financing desks a centralized way to execute and manage trade structures with their counterparties. Collateral Trading supports collateral trade negotiation, execution and management of lifecycle events, such as substitutions and transaction rolls.
Click Here To Learn More

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, Toronto, London, Dublin, Hong Kong and Tokyo.

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

Rowena Brown
Director
CRM
+44 20 7426 4412

Unified Comparison

Unified Comparison

Unified Comparison lets you interact with your post-trade system in completely new ways. Its flexible, automated workflow management will liberate break resolution, letting you choose precisely what you want to view and how you want to communicate with your clients. Unified Comparison is the nucleus for post-trade lifecycle management and a gateway into all the other PTS products available within EquiLend. By connecting to Unified Comparison, you will reduce downstream lifecycle noise and be positioned to adhere to future regulatory initiatives.

How It Works

  • Fast connections for high performance

    Intra-day One File connectivity allows for fast data transfer, ensuring you are instantly connected to all your necessary content

  • Reduces clutter

    Unified Comparison is incredibly content rich, but with its dynamic filtering it allows you to focus on your key risk initiatives effortlessly. It aggregates the data so that you can get a more complete and succinct picture of all your client portfolios

  • Easy visibility

    What is the best way to improve your settlement rates or reduce your P&L issues? Unified Comparison helps you structure your workload. Priority columns direct you to fix your most important breaks first

Features

  • Supports all equity and fixed income products

  • Reconciles global pending trades to recognized industry standards

  • Customizable filters and columns catering for individual preferences

  • Multi-search capability to allow easy access to relevant data

  • Ability to normalize non-vanilla activity

Collateral Trading

EquiLend Collateral Trading offers funding and financing desks a centralized way to execute and manage trade structures with their counterparties. Collateral Trading supports collateral trade negotiation, execution and management of lifecycle events, such as substitutions and transaction rolls.
Click Here To Learn More

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, Toronto, London, Dublin, Hong Kong and Tokyo.

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

Rowena Brown
Director
CRM
+44 20 7426 4412

Swaptimization

Swaptimization

Swaptimization is a technology solution designed to provide automation to global equity total return swap (TRS) trading workflow. Swaptimization utilizes a proprietary matching algorithm to pair natural positions across market participants to facilitate bilateral security-based TRS in an efficient, centralized and scalable manner. Building off of EquiLend’s industry-leading and award-winning position in the secured financing and collateral trading technology marketplace, Swaptimization will deliver automation and efficiency to equity TRS trading. By using Swaptimization’s intuitive, Web-based user interface, access to liquidity is a few simple clicks away.

Click Here To Download The Swaptimization Fact Sheet

Transforming The Total Return Swap Workflow With Swaptimization:

  • Trade execution lifecycle management in single-name equity TRS
  • Reset, maturity and unwind notifications
  • Basket maintenance and advisory of key swap attributes including corporate actions, upcoming resets and maturity dates
  • Hard to borrow indicator for improved optimization
  • Customization of term sheets
  • Data analytics and benchmarking of portfolio activity relative to the broader marketplace
  • Short sale restricted notifications
  • Read-only functionality for trade support and datacapture obligations

Key Attributes Of Swaptimization:

  • Proven track record in achieving standardization, liquidity, scale and automation in the secured funding market

  • Global platform with connectivity available in the United States, Europe and Asia

  • Ease of onboarding for clients with existing connectivity to EquiLend

  • Offers ability to handle lifecycle management on platform

  • Clients are anonymous until they agree potential trades, at which point EquiLend discloses counterparties to each other in order for them to conduct credit and legal entity checks before moving forward with the trade

Funding Functionality In Swaptimizition

Offering users the flexibility to validate funding for notional values, Swaptimization’s Funding feature also ensures compliance with collateral schedules.

Funding Benefits For Clients:

  • Import Portfolio Files

    Import portfolio files to allow the platform to optimize client baskets for funding trades

  • Manage Trades

    Manage trades at basket or securities level with flexibility to scale up or wind back your positions and define maximum and minimum ticket size

  • Negotiate Trade Elements

    Negotiate trade elements such as tenure, execution levels and breakability terms

Easy Onboarding

NGT offers various ways for clients to connect into the eco-system. An intuitive web-based interface allows for traders to transact over the platform, providing a best-in-class user experience while going about their day-to-day trading activities. This includes a real time Order Book, Trade Blotter and a robust series of filters and screen downloads.

For clients who prefer Straight-Through Processing (STP), EquiLend offers a full set of messaging protocols to connect straight into the NGT engine. Borrow requests, Trade offers, execution and trade bookings can all be fully integrated into our clients’ proprietary systems, combining the power of NGT and our clients’ systems for a seamless front-office workflow solution.

NGT is designed and built for full interoperability between the different modes of integration, meaning clients can be fully agnostic to how their counterparties use NGT.

ISDA in place between bilateral counterparties

Sign one-page addendum to the EquiLend agreement to memorialize pricing

Supply EquiLend with user IP addresses for whitelisting

Best Securities Finance Trading Platform Globally​ Global Investor/ISF Awards 2012-2020

Click here to download the Swaptimization fact sheet

Matt Collin

Director
Markets & Trading, ECS
+1 (646) 767 4314

Paul Lynch

Managing Director
Global Head of Products
+1 (212) 901-2281

SFTR Solution

EquiLend SFTR

EquiLend and TRAX, the post-trade services engine of MarketAxess, are collaborating on a full front-to-back Securities Financing Transactions Regulation (SFTR) solution to support the industry in meeting their reporting obligations.

EquiLend’s expertise in the securities finance industry combined with TRAX’s regulatory reporting and repo trade confirmation heritage result in a comprehensive service covering all SFTR eligible asset classes.

SFTR Brochure

Click Here to Download the SFTR Brochure

Our Solution

 

Clients need to report to a chosen trade repository by T+1 both sides of a trade, any associated collateral, plus modifications throughout the lifecycle using a common UTI. They must also manage any exceptions in the reporting flow. Additionally, clients must deal with any reconciliation discrepancies flagged by the trade repository. The EquiLend and TRAX solution enables firms to meet regulatory requirements by using regulated trading, post-trade and reporting platforms to do the following:

As leading providers of trading, confirmation and reporting solutions, EquiLend and TRAX are ideally placed to offer solutions around Unique Transaction Identifier (UTI) generation, timestamps and lifecycle events to help firms meet their reporting obligation. EquiLend and TRAX offer a joint solution that allows firms subject to SFTR to obtain a pre-repository match to help ensure accurate reporting and efficient exception management processing.

The fully interoperable solution enables the onward routing of trades to the TRAX Insight engine, which (i) enriches the reports submitted by a client with reference data and (ii) sends the enriched transaction reports to certain trade repositories. The TRAX Insight engine captures and centralises reporting flows, enabling firms to manage exceptions through a single interface and to rely on TRAX’s rules engine to filter and enrich trades. Clients will also be able to benefit from delegated reporting.

Want to Try It Out?

Click Here for a Live Demo

SFTR Brochure

Click Here to Download the SFTR Brochure

Benefits

Key Benefits of the EquiLend & Trax SFTR Solution

  • Expertise in securities finance and regulatory reporting space with access to largest Securities Lending and Repo community
  • ESMA-compliant UTI and Execution Timestamp at Point of Trade via NGT and point of matching via Post Trade
  • A complete reporting solution including enrichment, eligibility, break management either via Direct or Delegated Reporting
  • Message validation and counterparty field comparison pre-repository ingestion
  • A centralised view of MiFID and SFTR reporting
  • A customisable client dashboard, which includes MI reports and benchmarking
  • UTI Portal for industry wide sharing of UTI information
  • Insulation from future Regulatory/Repository change cost and development need
  • Aggregated reporting price benefit (subject to TR pricing structure)
  • Adherence to a common industry solution realizing matching efficiencies and contribution to a vendor aligned collective voice.

Key Benefits of NGT for SFTR

  • ESMA-compliant UTI and execution timestamps auto-generated and shared at point of trade, the earliest stage for SFTR reporting
  • Loan allocations shared at point of trade, providing UTI and execution timestamps on underlying principal funds and beneficial owners
  • 100+ trading client base, offering maximum access to the securities lending and repo community
  • A fully automated front-to-back SFTR reporting solution: trades booked on NGT can be subsequently auto-enriched via SFTR Insight with relevant data fields and reported within minutes to the trade repository
  • Reconciliations on trades show an average break rate of less than 1% across the lifecycle for transactions executed on NGT versus a 35% break rate for transactions executed off platform

News

Clients of MarketAxess and EquiLend begin SFTR testing (Global Custodian) – June 30, 2019

UnaVista adds 25 technology vendors to SFTR partner programme (Global Custodian) – June 20, 2019

DTCC Expands SFTR Partnerships (Markets Media) – June 10, 2019

Firms Eye SFTR Testing (Markets Media) February 4, 2019

A Day in the Life (Securities Lending Times) How the joint EquiLend/Trax solution can streamline SFTR reporting – October 2018

Is Time Running Out? (Securities Lending Times) Why there needs to be a focus on how your vendors support you – October 2018

SFTR Activity Ramps Up (Markets Media) August 10, 2018

REGIS-TR to Collaborate With EquiLend and Trax on SFTR Reporting Solutions – August 2, 2018

DTCC Collaborates with EquiLend & Trax to Advance Securities Financing Transaction Reporting Processes – June 5, 2018

EquiLend & Trax on SFTR (Securities Lending Times) – May 15, 2018

EquiLend and Trax to Launch Interoperable Front-to-Back SFTR Offering – September 20, 2017

Learn More About SFTR Implementation and Challenges

Click Here

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

Grant Davies
Director
Sales 
+44 203 023 8383

Mark Byrne
Associate Director
Post-Trade
+353 1 961 9278

Next Generation Trading (NGT)

Next Generation Trading (NGT)

Next Generation Trading (NGT) is a multi-asset class trading platform for the securities finance marketplace. Accessed through NGT’s intuitive, Web-based user interface or via full automation using our proprietary messaging protocol, NGT offers access to global securities finance trading to firms of all sizes. With tens of thousands of trades conducted on the platform around the globe each day, NGT offers unparalleled liquidity in the securities finance market. NGT’s strategic features increase trade-level transparency, improve workflow automation and generate efficiencies market wide.

Click here to download the NGT fact sheet

Key Benefits

Key Stats

  • 110+ firms using NGT globally each day
  • NGT users based in 30+ locations around the globe
  • Assets domiciled in 50+ markets traded on NGT
  • $135bn notional on average traded on NGT each day as of March 2022
  • $180 notional: highest notional traded in a single day on NGT on March 22, 2022

NGT Features

  • NGT Chains

    Borrowers have the ability to set up a pre-defined order of lenders that they want to transact with, and allow NGT to route borrow requests sequentially, eliminating the need for the borrowers to send in multiple lists

  • Auto Response

    For screen lenders, the NGT user interface may be configured to have trades be automatically accepted, or rejected based on user-supplied parameters

  • Integration with ECS for CCP Trades

    NGT is connected to EquiLend Clearing Services to facilitate CCP trades via various Central Counterparties

  • Robust STP Capabilities 

    NGT offers a full set of messaging protocols to allow clients to connect to the NGT engine for straight-through processing capabilities

Monthly Trading Volumes

EquiLend’s monthly trading statistics report shows month-over-month trends in electronic trading in the securities lending marketplace. Click to view this month’s activity on EquiLend NGT, featuring regional activity, equity and fixed income volumes, GC versus specials trading and more.
Stay Updated

Multiple entry points into the NGT eco-system, catered to your borrowing and lending needs:

  • Indications of Interest - Market Discovery

    Borrowers can reach out to multiple lenders to communicate interests for securities. NGT’s Indication of Interest (IOI) functionality uses a proprietary Natural Language Processing (NLP) algorithm to efficiently process emails, standardizing it into a system-readable format for lending counterparts

  • Targeted Availability - Unprecedented Transparency and Liquidity

    NGT’s Targeted Availability workflow has made a previously opaque and inefficient market much more transparent as lenders have made strides to actively publish executable inventory, allowing borrowers to have access to the unprecedented liquidity pool   Targeted Availability increases the correlation and relevance between Offers and Bids. With the borrowers responding to the Targeted Availability, execution rates has increased dramatically, resulting in a win-win scenario where lenders benefit from higher utilization rates of their assets, and borrowers filling their needs more efficiently

  • Firm Bids – Low Touch General Collateral (GC) Trading

    Borrowers can also choose to initiate firm borrow requests to their lending counterparts via NGT for their daily GC borrowing needs. NGT’s messaging capabilities allows for counterparties to communicate seamlessly with one another for a fully automated borrow and lending workflow, system to system

  • Linking It All Together

    The various NGT features allow clients the flexibility to pick and choose the different workflows that cater to their needs. For example, clients can use the IOI and Targeted Availability features to negotiate the warm and hard-to-borrow names, while using the Firm Bid feature to handle their GC transactions with their counterparts 

Introducing Premium Pulse

Premium Pulse is a new global securities finance data set showcasing live data updated throughout the trading day. The Premium Pulse data set provides trade details as they happen including security name, ticket size, rate level and collateral type.
Click To Learn More

Ease of Integration

NGT offers various ways for clients to connect into the eco-system. An intuitive web-based interface allows for traders to transact over the platform, providing a best-in-class user experience while going about their day-to-day trading activities. This includes a real time Order Book, Trade Blotter and a robust series of filters and screen downloads.

For clients who prefer Straight-Through Processing (STP), EquiLend offers a full set of messaging protocols to connect straight into the NGT engine. Borrow requests, Trade offers, execution and trade bookings can all be fully integrated into our clients’ proprietary systems, combining the power of NGT and our clients’ systems for a seamless front-office workflow solution.

NGT is designed and built for full interoperability between the different modes of integration, meaning clients can be fully agnostic to how their counterparties use NGT.

Best Securities Finance Trading Platform Globally
Global Investor/ISF Awards 2012-2020

Click here to download the NGT fact sheet

Michael Norwood

Global Product Owner
Trading Services
+1 (857) 800-9551

Jim Lailey

Director
CRM, North America
+1 (646) 767-4354

EquiLend Exposure

EquiLend Exposure​

Increased regulatory reform, combined with the requirement for financial institutions to manage collateral in a more efficient and cost-effective manner has meant that accurate exposure management and transparency of collateral usage is imperative.

EquiLend Exposure provides a centralized way to highlight intra-day exposure risk, identify discrepancies in collateral requirements between counterparties and facilitate STP connectivity to tri-party agents while enhancing control and governance to ensure that collateral transactions are executed exactly how clients would expect.

Click here to download the EquiLend Exposure fact sheet

Featured

Finadium

EquiLend Delves into Collateral Trading and Exposure Management

Collateral trading and exposure management have become important issues to financial institutions concerned with efficiency and balance sheet costs. By creating flexible and dynamic processes that take advantage of new trading markets for collateral, EquiLend continues its mission of solving these kinds of complex industry challenges as a trusted technology partner.

Click here to download

Features

  • Automatic connectivity to all tri-party agents, providing straight-through processing (STP) directly from the exposure screens

  • Calculate actual and forecasted exposure numbers split by counterpart and collateral type

  • Absorb counterparts’ equivalent data and provide real-time reconciliation

  • Direct real-time linkage into Unified Comparison facilitating instant view of discrepancies

  • Ability to prioritize collateral requirements, for example, independent calculation and agreement of pre-pay activity

  • Real-time receipt of collateral allocations from tri-party agents

  • On screen visibility to intraday settlement activity to ensure accurate, up to date collateral requirement calculations

  • All up-to-date data absorbed and displayed on configurable, easy-to-view screen

Benefits

Enables greater STP on connecting collateral movements, reducing settlement latency to support loan release and returns processing

Increased profit:

- Accurate funding requirements with real-time view of settlement positions

-Reduces RWA costs by eliminating under or over collateralization of clients

-Reduce operational costs associated with manually reconciling discrepancies and submitting RQV numbers

-Reduce settlement costs associated with failing trades or buy-ins

Enables CSDR and SFTR solution

Exact risk management with all clients; knowing precisely the value of collateral to be provided to each client

RQV – Auto RQV Calculation and Connectivity With Tri-Party

 
  • Using client’s data (CEF, CIF, Price and FX), the EquiLend Exposure system will segregate & calculate today’s prepay and RQV numbers
  • System can also calculate the future prepays
  • Clients can reconcile the RQV numbers with counterparty RQV numbers (calculated using counterparty’s OneFile)
  • User can view the breakdown of prepay & RQV numbers based on the escrow accounts created at each tri-party agent
  • User can send today’s prepay number, and once confirmed by tri-party, can send the RQV number to the tri-party agents
  • Users can edit the RQV if there are any discrepancies
  • Processes the collateral allocation sent by the tri-party agent
  • Users can view the breakdown of collateral allocation by the tri-party agent
  • EquiLend is connected to global platforms BNY Mellon, Euroclear and JP Morgan tri-party agents. Clearstream will be connected later in 2020.

All data will be leveraged from your OneFile submission

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, Toronto, London, Dublin, Hong Kong and Tokyo.

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

Gabi Mantle
Vice President
PTS Product Specialist
+44 203 023 8377