BondLend, the automated technology platform exclusively for the Fixed Income and Repo market, announced today that Clearstream are now live on the platform for lending securities.
Oscar Huettner, Global Product Manager for BondLend, commented, "Clearstream has always been a tremendous source of liquidity for the European securities finance market. BondLend's AutoBorrow service will allow them to continue to expand automation and build stronger relationships with their client base. We are very excited to have them join our platform."
Jean-Robert Wilkin, Executive Director and Head of Product Management for Global Securities Financing, states, "Joining BondLend concurs to our objective for further standardization and straight-through-processing in our securities lending pool distribution. It aims at optimizing revenue for our lenders, giving an easier access to liquidity for borrowers and surely reducing operational risk in securities loan processing. This is a step taken in preparation for the launch of our Equity Lending service in early 2012 and for which we will also link to EquiLend."
BondLend's trading and financing services eliminate manual processes, free up resources, increase efficiency, and reduce error rates all without additional cost. BondLend comparison services add efficiency and reduce the risk of potential collateral management errors.