EquiLend and Credit Benchmark Collaborate to Enhance Credit Risk Insights Within Onboard+
EquiLend, a leading global provider in the securities finance sector, has teamed up with Credit Benchmark, a top name in credit risk data, to launch a promising integration into their Onboard+ platform. This collaboration aims to deliver a comprehensive view of consensus credit ratings for funds directly within the counterparty onboarding process, enhancing decision-making for users across operations, credit, and front-office teams.
The partnership between EquiLend and Credit Benchmark focuses on embedding consensus credit ratings within the Onboard+ platform. This integration provides crucial insights, including the ratings and the number of institutions that contributed to each fund’s rating. Such detailed information equips users with a more robust context when evaluating funds, especially those lacking official ratings from agencies. For firms navigating an evolving market landscape, accessing real-time data that reflects peers’ perspectives is invaluable.
With the incorporation of Credit Benchmark's data, the Onboard+ platform not only accelerates the counterparty onboarding process but also promotes transparency. Users can gain a clearer understanding of how market participants evaluate various funds, enabling them to take well-informed actions regarding fund utilization. This is beneficial particularly for risk management and regulatory compliance, as it allows users to see where their firm’s ratings stand in comparison to market consensus.
Mark Faulkner, Co-Founder of Credit Benchmark, emphasized the significance of this integration, stating that it introduces a market-wide credit context directly into the decision-making process. He noted, "Onboard+ is becoming a standard reference point for counterparty workflow, and bringing our consensus data into that workflow supports more informed day-to-day onboarding decisions."
Simon Waddington, Head of Post-Trade Regulatory Solutions at EquiLend, added that the company has recognized the need for richer credit context from their clients. By embedding Credit Benchmark’s data, they enhance the platform's capability to manage risk-weighted asset calculations effectively. The integration offers a seamless experience, as it does not add extra workflow steps for users.
EquiLend remains committed to innovation and enhancing the securities finance industry through its various solutions, including Onboard+. This latest offering not only strengthens its product suite but also aligns with EquiLend's broader mission of providing top-notch digital solutions to the finance sector.
EquiLend has a strong reputation and presence in the global financial technology landscape, recognized for its dedication to excellence. Operating worldwide with offices in multiple regions, it adheres to high regulatory standards and has received numerous accolades over the years. Conversely, Credit Benchmark, established in 2015, is acclaimed for its unique credit risk analytics derived from a wide range of global financial institutions. Their insights offer critical evaluation tools to help clients refine their internal credit assessments.
This collaboration is expected to significantly reshape how financial institutions conduct fund evaluations, paving the way for more informed decision-making in the securities finance marketplace.
A Strategic Integration
The partnership between EquiLend and Credit Benchmark focuses on embedding consensus credit ratings within the Onboard+ platform. This integration provides crucial insights, including the ratings and the number of institutions that contributed to each fund’s rating. Such detailed information equips users with a more robust context when evaluating funds, especially those lacking official ratings from agencies. For firms navigating an evolving market landscape, accessing real-time data that reflects peers’ perspectives is invaluable.
Benefits to Users
With the incorporation of Credit Benchmark's data, the Onboard+ platform not only accelerates the counterparty onboarding process but also promotes transparency. Users can gain a clearer understanding of how market participants evaluate various funds, enabling them to take well-informed actions regarding fund utilization. This is beneficial particularly for risk management and regulatory compliance, as it allows users to see where their firm’s ratings stand in comparison to market consensus.
Mark Faulkner, Co-Founder of Credit Benchmark, emphasized the significance of this integration, stating that it introduces a market-wide credit context directly into the decision-making process. He noted, "Onboard+ is becoming a standard reference point for counterparty workflow, and bringing our consensus data into that workflow supports more informed day-to-day onboarding decisions."
Enhancing Operational Efficiency
Simon Waddington, Head of Post-Trade Regulatory Solutions at EquiLend, added that the company has recognized the need for richer credit context from their clients. By embedding Credit Benchmark’s data, they enhance the platform's capability to manage risk-weighted asset calculations effectively. The integration offers a seamless experience, as it does not add extra workflow steps for users.
Looking Forward
EquiLend remains committed to innovation and enhancing the securities finance industry through its various solutions, including Onboard+. This latest offering not only strengthens its product suite but also aligns with EquiLend's broader mission of providing top-notch digital solutions to the finance sector.
About EquiLend and Credit Benchmark
EquiLend has a strong reputation and presence in the global financial technology landscape, recognized for its dedication to excellence. Operating worldwide with offices in multiple regions, it adheres to high regulatory standards and has received numerous accolades over the years. Conversely, Credit Benchmark, established in 2015, is acclaimed for its unique credit risk analytics derived from a wide range of global financial institutions. Their insights offer critical evaluation tools to help clients refine their internal credit assessments.
This collaboration is expected to significantly reshape how financial institutions conduct fund evaluations, paving the way for more informed decision-making in the securities finance marketplace.
Topics Financial Services & Investing）
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