SOURCE: EquiLend

EquiLend

November 02, 2009 08:00 ET

National Bank Financial Selects EquiLend for Securities Finance Technology Services

NEW YORK, NY--(Marketwire - November 2, 2009) - EquiLend announced today that National Bank Financial has selected EquiLend's services to enhance their securities finance business. Choosing EquiLend reflects National Bank Financial's commitment to strengthening automation across its business lines as it aims to mitigate operational risk and achieve greater processing efficiency.

"We are very pleased to welcome National Bank Financial to our roster of clients in Canada. This highlights our ongoing commitment to providing innovative securities finance solutions to the Canadian marketplace," says Brian Lamb, CEO of EquiLend.

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.

www.equilend.com

EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Inc. are subsidiaries of EquiLend Holdings LLC (collectively, "EquiLend"). EquiLend LLC is a member of the FINRA and SIPC. EquiLend Europe Limited is authorized and regulated by the Financial Services Authority. EquiLend Canada Inc. is authorized and regulated by IIROC. All services offered by EquiLend are offered through EquiLend LLC, EquiLend Europe Limited, and EquiLend Canada Inc. EquiLend and the EquiLend mark are protected in the United States and in countries throughout the world.

Contact Information

  • For further information, contact:
    Michelle Lindenberger
    +1 212 901 2224
    Email Contact