What does EquiLend do?

What does EquiLend do?

EquiLend is a global financial technology firm offering trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and swaps industries.

Is EquiLend a trading venue?

Does EquiLend Limited operate as a Multilateral Trading Facility (“MTF”)? Yes. EquiLend Limited (MIC Code: EQIE) is authorised and regulated as an MTF under MiFID by the Central Bank of Ireland, reference C187728.

What is EquiLend NGT?

Next Generation Trading (NGT) is a multi-asset class trading platform for the securities finance marketplace. Accessed through NGT’s intuitive, Web-based user interface or via full automation using our proprietary messaging protocol, NGT offers access to global securities finance trading to firms of all sizes.

What is SFTR reporting?

ESMA regulates securities financing activities by setting out reporting requirements, data access, collection, verification, aggregation, comparison and publication of data on securities financing transactions (SFTs) by trade repositories (TRs).

Who has to report under SFTR?

As of today, SFTR reporting obligations will apply to investment funds, pensions funds and (re-)insurance undertakings, who will join sell-side firms, CCPs and CSDs, who have already been reporting for 3 months.

Which products are reportable under the SFTR regulation?

securities or commodities lending and securities or commodities borrowing; a buy-sell back transaction or sell-buy back transaction; a margin lending transaction.

What is reportable under SFTR?

a repurchase transaction; securities or commodities lending and securities or commodities borrowing; a buy-sell back transaction or sell-buy back transaction; a margin lending transaction.

What is the difference between securities lending and repo?

A key difference between repo and securities lending is that the repo market overwhelmingly uses bonds and other fixed-income instruments as collateral, whereas an important segment of the securities lending market is in equities. And securities lending is sometimes used by securities investors to raise cash.

Who does SFTR apply?

SFTR transaction reporting has a wide industry scope in that it applies to both financial and non-financial counterparties, and generally, both sides of any transaction are required to be reported (ie it isn’t a dealer-only style obligation) (see FAQ 10 for the exceptions to this rule).

Are repos reportable under EMIR?

Repo transactions and deposits are not covered by the EMIR reporting requirement. The technical definition of products defined as derivatives under the EMIR reporting requirement is set out in Directive 2014/65/EU of the European Parliament and of the Council, annex 1, section C, points 4-10.

What is repo used for?

The repo market allows financial institutions that own lots of securities (e.g. banks, broker-dealers, hedge funds) to borrow cheaply and allows parties with lots of spare cash (e.g. money market mutual funds) to earn a small return on that cash without much risk, because securities, often U.S. Treasury securities.

Is repo secured or unsecured?

Secured bonds are backed up by collateral, whereas unsecured bonds, such as US Treasuries, are not. Secured bonds are called securities. In a repo, securities are used as collateral in exchange for short-term borrowings. In repo, the borrower agrees to buy back the security at a fixed price at some future date.

What do you need to know about EquiLend?

EquiLend’s services are designed for efficiency, automation and innovation in the global securities finance marketplace.

When did the EquiLend trading platform go live?

In 2000, a group of 10 global financial institutions joined together with a common goal of optimizing efficiency in the securities finance industry by developing a standardized and centralized global platform for trading and post-trade services. EquiLend Holdings LLC was formed in 2001, and the platform went live in 2002.

Which is the newest trading product of EquiLend?

Collateral Trading (CLT) is EquiLend’s newest addition to its award-winning suite of trading products for securities finance. EquiLend’s monthly trading statistics report shows month-over-month trends in electronic trading in the securities lending marketplace.

What do you need to know about EquiLend collateral trading?

SEE OUR LATEST JOB POSTINGS. EquiLend Collateral Trading is designed for funding or financing desks to effectively trade collateral. Swaptimization is a technology solution designed to provide automation to global equity total return swap (TRS) trading workflow.