EquiLend Onboard+
Faster and More Secure Counterparty Onboarding Using ALD Industry Protocols
The onboarding of beneficial owners in securities lending programs has traditionally been a manual and onerous process, creating a significant challenge across the industry. Repetitive, manual tasks in the onboarding process contributes to unnecessary risk, costs, manual inefficiencies and lost revenue – our data shows that over 80% of funds stay in a pending state for over 12 months.
EquiLend Onboard+ brings unparalleled efficiency to the market by leveraging digital onboarding to ensure frictionless onboarding utilizing powerful workflows & seamless automation.
Onboard+ expedites the entire onboarding process through increased automation, substantially reducing costs and reducing onboarding time by up to 90%. Additionally, clients can easily meet all AML & KYC compliance requirements and unlock trapped liquidity from funds held in long onboarding processes.
- Simplified connectivity and access by leveraging existing industry-standard ALD file protocols
- Tailored workflow designed specifically for the securities lending market
- Secure central repository, offering scalability and optimized data privacy of sensitive onboarding documents
- Cross-function support for multiple teams to access and resolve tasks simultaneously
- Potential reduction in onboarding time for new funds from weeks and months, to days and hours
For Agent Lenders
For Borrowers
- Streamlines the provision of beneficial owner information required by borrowers
- Provides a secure channel for the exchange of sensitive information
- Dramatically speeds up the time to market for new beneficial owners, increasing revenue
- Monitors the progress of onboarding by borrowers
- Provides secure access to beneficial owner information required for onboarding
- Access to a configurable dashboard providing anonymized portfolio analysis and tailored search functionality
- Matching of borrowing needs to new supply
- Prioritize new beneficial owners for onboarding at the click of a button
Leveraging EquiLend’s Ecosystem
• Analytics powered by EquiLend’s Data & Analytics tools
• Distribution of SSIs and collateral information
• Bilateral relationship setup for NGT
• Setup for RegTech solutions: SFTR, SEC 10c-1a
• Reduced costs for EquiLend ALD solution users
EquiLend Onboard+ will reduce the cost of onboarding, accelerate onboarding times, and result in higher volumes of beneficial owner enablement while providing critical information for RWA exposure management in the near future.
