Announcing BondLend, Securities Finance Technology for Fixed Income

NEW YORK, May 17 /PRNewswire/ -- BondLend announced today the roll-out of its Securities Finance platform targeted specifically to the fixed income lending and repo community.  

BondLend trading services can provide straight through processing freeing up valuable resources.  BondLend's automated post trade services improve efficiency and facilitate solutions that aid in reducing manual errors, decreasing risk.  

Peter Economou, Head of Securities Finance of State Street comments, "We are excited to expand our usage of BondLend beyond Contract Comparison now to Mark-to-Market Comparison and additional services."

BondLend's Fixed Income Mark-to-Market Comparison Service provides detailed collateral management exposure information for better market and counterparty risk management and allows a firm to convert middle office resources to exception processing rather than performing expensive manual trade adjustments, eliminating the need to maintain costly point-to-point connections.

About BondLend

BondLend is a securities finance technology platform created specifically to support the fixed income lending and repo community. BondLend's Trading and Financing Services can auto-match borrowing, lending and repo using a common standards-based protocol and infrastructure, and provide straight through processing eliminating manual processes, freeing up valuable resources. The BondLend post trade suite of services includes Contract Comparison, Mark-to-Market Comparison, and Billing Comparison. BondLend comparison services add efficiency and reduce the risk of potential collateral management errors.  Comparison services are security type agnostic and support global usage for cash and non-cash records. BondLend's trading and post-trade services help drive down unit costs and increase efficiency.  It allows firms to free up resources to expand their market presence, increase trading volumes, and reduce error rates all without additional cost. This makes the BondLend platform a cost-efficient choice for all institutions, regardless of size.

SOURCE BondLend