EquiLend and Eurex Clearing to Cooperate in Securities Lending


Eurex Clearing to act as CCP for EquiLend’s global trading platform as of March 2016

EquiLend, the securities finance trading and post-trade service provider, and Eurex Clearing, one of the world’s leading clearing houses and part of Deutsche Börse Group, agreed to connect EquiLend’s securities lending platform to Eurex Clearing’s Lending CCP service. The planned link, due to go live in March 2016, will allow EquiLend’s market participants to make use of their existing infrastructure to route transactions to Eurex Clearing’s Lending CCP for novation and downstream processing.

Brian Lamb, CEO of EquiLend, said: “The securities finance industry realizes the benefits of a CCP model more and more. With market participants now more open to the idea of utilizing central counterparties as an additional tool in their trading activity, we felt the time was right to facilitate CCP access for our extensive client base. We are very excited to be able to give our clients additional choice on where and how and with whom they direct their business.”

Matthias Graulich, Chief Client Officer of Eurex Clearing, added: “We are very pleased to work with EquiLend in our effort to bring the efficiency of Eurex Clearing’s Lending CCP to the securities lending market. Leveraging EquiLend’s existing market position and given the broad utilisation by its members will further enhance the attractiveness of our Lending CCP and be mutually beneficial to our clients and other connected markets.”

The Lending CCP is based on Eurex Clearing’s established infrastructure and industry-leading risk management standards. The clearing house, as a single counterparty to all trades, reduces counterparty risk exposure and eliminates the need for multiple credit evaluations. Users can achieve a significant reduction in capital allocation associated with bilateral securities finance transactions. The service is covering loans in equities and ETFs in Europe as well as fixed-income securities.

Further information: Click here

Media Contacts:

Eurex Clearing: Heiner Seidel, ph: +49-69-2 11-1 77 64, e-mail: heiner.seidel@eurexclearing.com

EquiLend: Christopher Gohlke, ph: +1 (212) 901-2217, e-mail: christopher.gohlke@equilend.com

About Eurex Clearing

Eurex Clearing is one of the leading central counterparties globally – assuring the safety and integrity of markets while providing innovation in risk management, clearing technology and client asset protection. Eurex Clearing provides fully-automated, straight-through post-trade services for derivatives, equities, bonds and secured funding & financing, as well as industry-leading risk management technologies.

The Securities Lending CCP service is based on Eurex Clearing’s established systems and industry leading risk management standards. Currently, securities lending transactions from Eurex Repo’s SecLend Market, among others, can be cleared by Eurex Clearing.

With EurexOTC Clear for IRS, Eurex Clearing offers integrated clearing and collateralization of OTC trans-actions and exchange-traded derivatives under the umbrella of a single clearing house in a uniform legal framework covering all products. The OTC clearing service sets new standards in security and efficiency.

As part of Eurex Group, Eurex Clearing serves more than 190 clearing members in 16 countries, managing a collateral pool of around EUR 48 billion and processing gross risks valued approx. EUR 15.9 trillion every month.

Find out more at www.eurexclearing.com

Eurex Group is comprised of Eurex Exchange, the International Securities Exchange (ISE), the European Energy Exchange (EEX), Eurex Clearing, Eurex Bonds and Eurex Repo. Eurex Group is owned by Deutsche Börse AG (Xetra: DB1).

About EquiLend

EquiLend is a leading provider of trading and post-trade services for the securities finance industry with offices in New York, London, Hong Kong and Toronto. EquiLend is backed by 10 global financial institutions: BlackRock, Credit Suisse, Goldman Sachs, J.P. Morgan Clearing, J.P. Morgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Northern Trust, State Street and UBS.

Used by securities borrowers and lenders globally, the EquiLend platform (for equities) and BondLend platform (for fixed income) automate formerly manual trading and post-trade processes in the securities finance industry. DataLend, the securities finance market data division of EquiLend, provides aggregated, anonymized, cleansed and standardized securities finance data covering all asset classes, regions and markets globally.

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