EquiLend launches new Risk Resolution Suite ahead of T+1

Global fintech EquiLend has launched Risk Resolution Suite (R₂S) which combines the functions of several of its risk resolution systems on one user interface (UI).

R₂S, the company says, is designed to streamline the recalls, returns and settlement process in anticipation of the move to T+1 in the US and Canada.

The system uses near-real-time data from the EquiLend Post-Trade Solutions (PTS) platform to allow trading, middle-office and back-office users to monitor intraday risks through insight into the desk’s recalls, returns and settlements.

R₂S has gone live for users of the EquiLend user interface. The new returns and settlement monitor systems are fully functional, with the new recalls system expected to release across Q3 and Q4 2023.

The three solutions were previously offered individually and have received updates for the new release.

The returns system adds new functionality designed to pinpoint risks and facilitate counterparty collaboration and, along with the recalls system, has been given a redesigned UI.

R₂S’ settlement monitor offers a global pre-matching, settlement risk and fails management engine which can identify booking errors, indicative penalties and inaccurate settlement instructions.

Commenting on the launch, Gabi Mantle, head of EquiLend PTS, says: “Regulatory pressures from CSDR in 2022 and the upcoming move to T+1 in the US and Canada, with the EU and UK likely following suit, have both created a shift in post-trade processing. Post-trade exceptions and risk resolution is no longer seen as a back-office problem, and trading desks want better oversight and the ability to manage their risk.

“Our new Risk Resolution Suite, affectionately known as R₂S, will help users identify, action and prevent risk items from impacting P&L while directing resources towards the highest priority exceptions and streamlining previously manual, time-consuming processes.”