NEW YORK Jan. 19, 2011
Steven B. Misischia
He continued, "BondLend’s Mark-to-Market Comparison has eliminated hours of phone calls, email correspondence and money variance reconciliations, allowing BNP Paribas to reallocate internal resources. We look forward to working with the BondLend team to further this initiative and to continue to be innovative in creating efficiencies and Straight-Through Processing within the industry."
Brian. P. Lamb, CEO of BondLend commented, "We are very excited to see the continued increased usage of our Fixed Income comparison services which provides extensive operational efficiencies and automation to our clients. We’ve received an overwhelmingly positive response from the Fixed Income community and look forward to continuing to create innovative technology solutions for them."
Many lenders within the Fixed Income community, including BNY Mellon and Credit Suisse, are also benefiting from using BondLend’s Mark-to-Market comparison service daily.
BondLend is a securities finance technology platform created specifically to support the fixed income lending and repo community. BondLend’s Trading and Financing Services provide automation for borrowing, lending and repo using a common standards-based protocol and infrastructure, and provide straight through processing eliminating manual processes, freeing up valuable resources. The BondLend post trade suite of services includes Contract Comparison, Mark-to-Market Comparison, and Billing Comparison. BondLend comparison services add efficiency and reduce the risk of potential collateral management errors. Comparison services are security type agnostic and support global usage for cash and non-cash records. BondLend’s trading and post-trade services help drive down unit costs and increase efficiency. It allows firms to free up resources to expand their market presence, increase trading volumes, and reduce error rates all without additional cost. This makes the BondLend platform a cost-efficient choice for all institutions, regardless of size.