EquiLend has released a Risk Resolution Suite (R2S) that combines the Recalls, Returns and Settlement Monitor solutions all on one user interface. The system displays up-to-the-minute trade data across all of a client’s transactions in EquiLend’s Post-Trade Solutions (PTS) along with actionable on-screen workflows.
Gabi Mantle, head of EquiLend Post-Trade Solutions, said in a statement: “Highlighting intraday risk has been a key focus for us when designing and launching our latest solutions. Regulatory pressures from CSDR [Central Securities Depository Regulation] in 2022 and the upcoming move to T+1 in US and Canada — with the EU and UK likely following suit — have both created a shift in post-trade processing.
“Post-trade exceptions and risk resolution is no longer seen as a back-office problem, and trading desks want better oversight and the ability to manage their risk. Our new Risk Resolution Suite, affectionately known as R2S, will help users identify, action and prevent risk items from impacting P&L while directing resources towards the highest priority exceptions and streamlining previously manual, time-consuming processes.”
Based on near real-time data submitted into EquiLend PTS, the comprehensive solution allows trading, middle office and back-office users to monitor intra-day risks through consolidated insight into the desk’s own recalls, returns and settlements.
Highlights of the new release include:
- New Returns (now live): redesigned UI complements EquiLend’s powerful return notifications and processing platform with new functionality designed to pinpoint risks and facilitate greater collaboration between counterparties
- Settlement Monitor (now live): • Global pre-matching, settlement risk and fails management engine which identifies booking errors, indicative penalties and inaccurate settlement instructions
- New Recalls (coming in Q3 and Q4 2023): redesigned UI clearly identifies risks in recalls workflow while enabling users to take actions on-screen to update internal systems and communicate with counterparties