EquiLend is excited to announce the all-NEW DataLend Liquidity Score (DLLS)! The DLLS is a measure of the difficulty to borrow/source a particular security.
The new data point helps lenders price corporate bond loans while assisting with decision making when it comes to lending their positions and how much they should lend
Assists borrowers when assessing trading opportunities and the feasibility of these potential trade structures
The DLLS ranges from 1, for liquid securities, to 5, for illiquid securities, with the score factoring in variables such as utilization, shares outstanding, lender concentration and fee
Initially the DLLS will be available for all corporate bonds on the DataLend platform, covering approximately 23,000 securities
The DataLend Liquidity Score is available via the DataLend UI (Security Search), DataLend API, DataLend Excel Add-In and DataLend Flat File.