EquiLend optimizes collateral reconciliation service
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EquiLend optimizes collateral reconciliation service 11 April 2012New York Reporter: Georgina Lavers
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EquiLend has updated their collateral reconciliation service ‘Contract Comparison’, available from 2 April.
The provider kicked off the project late last summer to enhance its existing Contract Comparison service, with the aim of optimising the comparison and reconciliation of bilateral collateral, in addition to comparing existing loan contract details.
“Our objective was to provide the industry with automation to replace time-consuming manual processes,” said Ana Cheng, director of the product management office at EquiLend.
“Clients integrated into the service can now move to a daily collateral comparison, saving time and mitigating exposure risk. Users can also customize business rules to apply to their non-cash vs. cash pool collateral.”
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