EquiLend announced today that CIBC Mellon has selected EquiLend's post-trade offering in order to enhance service to securities borrowers globally.
CIBC Mellon will begin by implementing EquiLend's Contract Comparison service for both Canadian and non-Canadian counterparts.
Choosing EquiLend reflects CIBC Mellon's ongoing commitment to strengthening automation across its business lines as it aims to mitigate operational risk and achieve greater processing efficiency.
"We are delighted to enhance our infrastructure with EquiLend," states James Slater, senior vice president and head of capital markets, CIBC Mellon. "EquiLend's best-in-class solutions not only facilitate greater connectivity with borrowers but also position CIBC Mellon to continue to deliver superior returns to Canadian securities lenders."
"We are very pleased to welcome CIBC Mellon to our client roster. This underscores our ongoing commitment to providing robust, relevant securities finance solutions to the Canadian marketplace," says Brian P. Lamb, CEO, EquiLend.