Tri-Party Connectivity (RQV)
Tri-Party Connectivity allows collateral providers and collateral receivers to agree required values (RQVs) and send the agreed-upon figures to the tri-party agent. The service is available if both counterparties are using EquiLend’s Tri-Party Connectivity service or if only one client is using it.
How It Works
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Collateral receiver and/or provider submits RQVs to EquiLend
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EquiLend compares counterparties’ values against each other and facilitates the resolution of discrepancies
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When the values match or fall within a provider’s tolerance, EquiLend sends the figures on behalf of both parties to the tri-party agent
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The tri-party agent sends response messages acknowledging receipt of the figures, which EquiLend processes to generate individual status updates on the screen
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The collateral receiver and the collateral provider each submit their RQVs to EquiLend
Features
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Bulk submit RQVs via one XLS upload for all counterparties
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Collateral provider submits aggregate value for a group of instructions; receiver determines breakdown by submitting values at individual fund level
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Receive response messages from the tri-party agent to know the real-time statuses of RQVs
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Allegement messages with trade details displayed when a counterparty not using EquiLend is first to submit, so EquiLend clients can quickly and accurately respond
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Collateral providers can set value & percentage tolerances on each instruction to facilitate comparison—not necessary to agree exact values
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Receive alert if instruction sent to tri-party agent requires action
Mark-to-Market Comparison
WHO WE ARE
EquiLend is a financial technology provider of trading, post-trade, market data, regulatory and clearing services for the securities finance, collateral and total return swaps industries. EquiLend has offices in New York, Boston, Toronto, London, Dublin, Hong Kong and Tokyo.
![Iain Mackay](https://equilend.com/wp-content/uploads/2017/04/iain1.jpg)
Iain Mackay
Global Product Owner
Post-Trade Services
+44 20 7426 4402
![Rowena Brown](https://equilend.com/wp-content/uploads/2017/04/Rowena-Brown_web.jpg)
Rowena Brown
Director
CRM
+44 20 7426 4412