BNY MELLON PARTNERS WITH EQUILEND TO AUTOMATE RQV COMMUNICATION


NEW YORK, 09 May, 2012 –EquiLend announced today that the company will work with BNY Mellon to migrate the communication of Triparty Required Value (RQV) figures from email to a formalized process leveraging BNY Mellon's Triparty ADM (Automated Deal Matching) platform.

BNY Mellon requires a fully authenticated RQV instruction to collateralise the outstanding stock lending deals transmitted electronically or through a browser. The enhancement will allow EquiLend and BondLend users to increase the post trade efficiencies in securities lending trades and to reduce operational risk by automating the service.

EquiLend will enhance this service and assist client requests for RQV communication by leveraging the company's automated securities finance platform, thereby reducing systemic risks. This service will be offered to existing clients of EquiLend and BNY Mellon by the end of 2012.

Brian Lamb, CEO of EquiLend commented, "We are looking forward to a long and fruitful relationship with BNY Mellon's triparty collateral management business, particularly the opportunities and solutions that this partnership will create for the market." James Malgieri, Head of Global Collateral Management and Securities Clearance at BNY Mellon added, "We are pleased to be partnering with EquiLend to automate an end-to-end collateral management solution for our clients and the market."

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About EquiLend
EquiLend is a leading provider of trading and post trade services for the securities finance industry backed by 10 global financial institutions: BlackRock; Credit Suisse; Goldman Sachs; J.P. Morgan Clearing; J.P. Morgan; Bank of America Merrill Lynch; Morgan Stanley; Northern Trust; State Street; and UBS. With its robust suite of automated trading tools, EquiLend enables its clients to scale their businesses with great efficiency on a global basis in all securities finance markets. Used by borrowers and lenders throughout the world, the EquiLend platform automates formerly manual trading and post-trade processes. Using EquiLend's complete end-to-end services reduces the risk of potential errors and eliminates the need to maintain costly point-to-point connections while allowing firms to drive down unit costs. Firms can then free more resources to expand their business and grow trading volumes without increasing costs. This makes the EquiLend platform a cost-effective choice for all institutions, regardless of their size.


About BNY Mellon
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.

www.equilend.com

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