CASE STUDY: STATE STREET

State Street is one of the world’s leading providers of financial services to institutional investors. Operating in 25 countries and more than 100 geographic markets, the firm’s global platforms enable clients to act on growth opportunities, enhance the value of their services, manage uncertainty and better optimize their cost structures.

To most effectively service clients in a dynamic market, State Street has focused on ensuring that its infrastructure is both flexible and scalable. By partnering with EquiLend, State Street has been able to optimize performance while managing risks through greater automation.


THE EQUILEND SOLUTION

Utilizing EquiLend’s AutoBorrow and Returns functionality, the State Street trading group has significantly increased production volume and freed up time and resources to add value and create efficiency in other areas. In addition, the AutoBorrow and Returns functionality has substantially benefited both State Street’s scalability of transaction processing and operational efficiencies, all while mitigating risk. The automated Returns service alone saved approximately 500 hours in one month compared to manual-return processing - and allowed for straight-through processing into State Street’s proprietary system.

Because of EquiLend’s automation, State Street has considerably increased order flow, resulting in enhanced performance for clients. Plus, integrating robust post-trade functionality has allowed State Street to maintain operational efficiency and effective risk management. EquiLend’s global service model - including Contract Comparison, Prepay Comparison and Billing Comparison services - provides a connectivity “hub” that supports the State Street trading group’s expansion into new markets, helping the firm to maintain consistency and efficiency in its own service model and improving operational performance overall.


“EquiLend plays an integral role in State Street’s Securities Finance business, providing advanced automation that’s essential for enhancing order flow and optimizing performance. The platform delivers robust and extensive post-trade functionality, scalability and improved capabilities for managing risk, allowing us to grow our business while continuing to provide unique and innovative solutions to clients.”

-State Street

STATE STREET USES

ALD

ALD

EquiLend worked with industry leaders from the very beginning to design, develop, test, and launch ALD solutions.

AutoBorrow

AutoBorrow

Automated low-touch securities finance trading between lenders and borrowers.

Billing Comparison

Billing Comparison

Offers a monthly payable and receivable comparison, with a direct link to contract-level day-by-day detail.

Billing Delivery

Billing Delivery

Reduces the need to produce and mail bulky monthly paper billing statements.

Contract Comparison

Contract Comparison

A standardized process that identifies true breaks, improves risk management, and increases operational efficiency.

Dividend Comparison

Dividend Comparison

Dividend Comparison allows for the comparison of manufactured dividend claims.

Market-To-Market Comparison

Mark-to-Market Comparison

Allows users to compare marks using customizable tolerances that can be adjusted based on collateral currency and mark amount.

Recalls

Recalls

Offers lenders and borrowers a simple way to issue and manage recalls (ARMS, US only).

Returns

Returns

Enables borrowers and lenders to automatically return and track assets borrowed using EquiLend or any other trading method.

Trade 2 O

Trade2O

A front-end trading system for traders to borrow and lend all types of securities through the EquiLend platform.

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