EquiLend introduces a simple low cost service for Agent Lender Disclosure (ALD)
London, 10 November 2009 –
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.”
For further information, contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
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