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Project Tags:

In Progress

Clearinghouse

Securities Lending

Listed

Product benefits

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The project will simplify renewal of securities lending agreements in OTC and electronic trades with a flow that only requires approval from the executing participant, when this is the same at the lending and borrowing legs.

Currently, in the securities lending renewal flow, the participant needs to obtain two approvals in cases where the executing participant is the same at both the lending and borrowing legs. The project will eliminate one of the approval steps by simplifying  the operational process and improving user experience.

 

The project will simplify both trading modalities – OTC and electronic trades – and the flow will only require one approval from an executing participant when it is the same at the lending and borrowing legs

Once the carrying participant approves the renewal, approval from the executing participant will no longer be requested (if this is the same that started the renewal) and it will proceed to the next approval pçhase of the counterparty carrying participant.

What changes in messaging: The executing participant will not receive the BVMF 135.01 message and will not need to send the 138.01 message.

Timeline

  • Start of Certification

    Start of Certification

  • Disclosure plan

    Release plan disclosure

Technical details

  • Catalog changes

    No catalog changes

  • Main systems

    RTC

  • Main related functions

    Renewal of securities lending agreements

  • Certification roadmap

    In definition

  • What is the Sinacor version?

    No impact