Allows collateral providers and collateral receivers to agree required values (RQVs) and send the agreed-upon figures to the tri-party agent.
EquiLend’s Tri-Party Connectivity service communicates RQVs in real time to BNY Mellon tri-party agent. It enables clients to submit all of their values for all of their counterparties in one place, via one upload. Collateral providers can create groups to submit figures at an aggregate level, while collateral receivers submit individual instruction amounts to determine the fund level allocation. The BNY Mellon tri-party agent sends real-time response messages to EquiLend’s Tri-Party Connectivity service, so users will always know the status of their RQVs.