EquiLend is launching its Collateral Trading platform, which is designed for funding or financing desks to effectively trade collateral.

The platform will allow for a centralized way for clients to execute and manage trade structures with their counterparties. The initial rollout will support collateral upgrades and downgrades and will be screen-based.

The first step of the launch kicked off this week as EquiLend invited its clients to start testing the platform. More than 50 counterparties from all around the globe are already live testing the platform ahead of its launch next month.

How it works

Counterparties can post bids and/or offers for the collateral upgrade or downgrade trade structure,

Clients can negotiate and agree on fixed, evergreen and extendible trade baskets on the platform.

After the basket has been agreed, clients can allocate the underlying basket constituents or collateral and communicate it to one another.

Throughout the tenure of the loan, clients can manage trade lifecycle events such as substitutions and transaction rolls.

Benefits

Market transparency and price discovery.

A view into the basket trading environment does not exist today, and this will provide insight to potential trading opportunities .

Efficiency and organization of basket trading all in one place.

The ability to view balances across counterparties and manage their baskets efficiently in one venue.

SFTR compliance.

UTI, LEI and timestamp information at the point of trade for regulatory reporting compliance.

Subsequent phases of this product will leverage NGT technology for efficient straight-through-processing.

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EquiLend is launching its Collateral Trading platform, which is designed for funding or financing desks to effectively trade collateral.

The platform will allow for a centralized way for clients to execute and manage trade structures with their counterparties. The initial rollout will support collateral upgrades and downgrades and will be screen-based.

The first step of the launch kicked off this week as EquiLend invited its clients to start testing the platform. More than 50 counterparties from all around the globe are already live testing the platform ahead of its launch next month.

How it works

Counterparties can post bids and/or offers for the collateral upgrade or downgrade trade structure,

Clients can negotiate and agree on fixed, evergreen and extendible trade baskets on the platform.

After the basket has been agreed, clients can allocate the underlying basket constituents or collateral and communicate it to one another.

Throughout the tenure of the loan, clients can manage trade lifecycle events such as substitutions and transaction rolls.

Benefits

Market transparency and price discovery.

A view into the basket trading environment does not exist today, and this will provide insight to potential trading opportunities .

Efficiency and organization of basket trading all in one place.

The ability to view balances across counterparties and manage their baskets efficiently in one venue.

SFTR compliance.

UTI, LEI and timestamp information at the point of trade for regulatory reporting compliance.

Subsequent phases of this product will leverage NGT technology for efficient straight-through-processing.