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ESecLending connects to EquiLend platform

07 January 2008  |  1206 views  |  0 Source: EquiLend

eSecLending announced today that they will add EquiLend to their list of third party operational and administrative system service providers.

This enhancement will enable eSecLending to communicate and facilitate operational processing and trade instructions with other EquiLend participant borrower counterparties via an industry standard protocol.

eSecLending plans to go live this month with EquiLend's administrative and trade processing platforms to include Contract Compare, Dividend Compare and AutoBorrow. These platforms, which are widely used in the Securities Lending industry, will enhance eSecLending's straight through processing with their borrowing counterparties.

"As our business continues to grow, we remain focused on implementing industry standard solutions to further increase our operational efficiencies and scalability," said Chris Jaynes, President of eSecLending. "Connecting to the EquiLend platform will facilitate straight-through processing and increased automation with our counterparties, many of whom are existing EquiLend clients."

"We are delighted to welcome eSecLending to the EquiLend platform. They are a significant addition to our growing list of clients, and demonstrate that EquiLend is a good fit for many kinds of business models within the securities finance space." says Brian Lamb, CEO of EquiLend.

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