EquiLend and 4sight Financial Software have teamed up to develop an interface between 4sights securities finance solution and EquiLends global securities finance platform, in an effort to allow users to transfer borrowing and lending information between parties in EquiLend and 4sights books and records system.
“The development is in line with both 4sights and EquiLends shared aims of increasing efficiency for our clients by standardizing, centralizing, and automating front and back-office processes, said Alastair Chisholm, managing director of 4sight. The interface represents a considerable evolution in the functionality of two already powerful systems, and the ease with which the integration was carried out is testament to the inherent flexibility of both 4sight and EquiLends services.”
The interface supports autoborrow, contract compare, mark to market, billing compare and other EquiLend functions.
A number of users of EquiLend and 4sight, including Robeco and BNP Paribas Securities Services, signed on to use the interface between the systems.