21 October 2017
visit www.atos.net

TenFold launches securities lending system

08 May 2003  |  695 views  |  0 TenFold launches securities lending system

Utah-based TenFold Corporation is shipping a new securities lending application, Securities LendingXpress, developed in conjunction with a leading global bank.

The product utilises TenFold's Universal Application technology which allows firms to design, build, deploy and maintain replacement applications systems.

TenFold says it hired a team of industry experts to collaborate with an un-named global bank to build Securities LendingXpress, which enables users to lend any security in any market against any form of collateral.

The platform includes direct messaging and file transfer for immediate information exchange and automated settlement and can broadcast security availability and complete loans automatically over the Internet.

In addition, the system can build complex transactions such as term loans and basket trades and solve the complex operational problems surrounding corporate actions, swaps and loan recalls.

Harry Stahl, vice president, financial services, TenFold, claims the product combines business and technical capabilities not currently available in other securities lending products.

"It will provide a powerful foundation for the future growth of our clients in the securities lending business," he says.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nomura joins EquiLend

Nomura joins EquiLend

07 May 2003  |  3702 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.atos.net

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8695 views comments | 21 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8600 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7695 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7159 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6765 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job