NEW YORK, May 5 /PRNewswire/ -- EquiLend's International Agency Lender Disclosure (ALD) service has achieved significant momentum in Europe in response to industry and regulatory requirements. EquiLend's ALD service provides secure and timely transfer of principal loan data, as well as a facility for approving underlying principals. As a result of its robustness, many European clients have chosen to use the ALD service, leveraging their existing infrastructure and links with EquiLend.
EquiLend first provided an ALD service in response to regulations within the United States, and it is this service which has continued to expand its use within the International market. As requirements from International regulators are solidified, EquiLend will continue to develop and enhance ALD to meet the specific needs of its clients.
"We have many clients, including some of the largest lenders in the world, using EquiLend's ALD service to exchange principal loan data. We continue to see an increasing amount of interest as this topic becomes more relevant within the global securities finance industry," states Sharon Walker, Managing Director, EquiLend Europe Ltd.
About EquiLend EquiLend is the leading provider of brokerage solutions for the securities finance industry. Owned by eleven preeminent financial firms, EquiLend revolutionizes straight-through processing by using a common standards-based protocol and infrastructure, which automates formerly manual business processes. Used by borrowers and lenders throughout the world, the EquiLend platform creates efficiency and provides access to additional liquidity. EquiLend's end-to-end solutions, which reduce the risk of potential errors and eliminate the need to maintain costly point-to-point connections, include Availability, AutoBorrow, Trade2O, EquiLend AuctionPort(SM), Contract Comparison, Mark-to-Market Comparison, Returns, Recalls, Billing Comparison and Delivery, Dividend Claims Comparison, and Agent Lender Disclosure (ALD). The EquiLend platform also supports the execution of payment and delivery instructions through the DTCC.
http://www.equilend.com/ EquiLend LLC and EquiLend Europe Limited are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the NASD and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. All services offered by EquiLend are offered through EquiLend LLC and EquiLend Europe Limited. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world. DATASOURCE: EquiLend CONTACT: Michelle Lindenberger of EquiLend, +1-212-901-2224, Web site: http://www.equilend.com/
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