The right insights, right now

Access the latest news, analysis and trends impacting your business.

About Broadridge

Apply Next-Gen Technology to Your Advantage With These Innovative Fixed Income Solutions

Learn how TAP PDF Reader and Distributed Ledger Repo can transform your workflow.

TAP PDF Reader

Launched in late 2019, Broadridge’s Trade Assignment Portal (TAP) is a centralized web-based utility offering a single electronic platform for processing of Mortgage-Backed Securities (MBS) trade assignments. Assignment of Trades (AOT) for MBS has always been labor-intensive, error-prone, costly, and inefficient for industry participants. TAP allows clients to electronically initiate, review, accept, and sign AOT requests using automated workflows and e-signatures.

The initial TAP offering required that the assignment originator be a member of the TAP network and initiate their assignments through the Broadridge portal for users to take advantage of the process automation. In Q1 2023, a new AI-based enhancement to the service will allow TAP clients to upload trade assignments they receive from mortgage lenders that are not users of the Broadridge TAP platform. This added functionality will greatly expand the universe of assignments that can be processed on the platform, increasing value for existing users and providing additional incentive for new broker/dealers and asset managers to join the network.

Learn More about TAP PDF Reader

Distributed Ledger Repo

Our agnostic platform integrates distributed ledger technology with your existing front- and back-office systems to streamline and simplify every operation. Instead of physically transferring collateral, the underlying security is immobilized with ownership maintained through smart contracts utilizing a digital representation of collateral. Now you can mitigate operational and counter-party risk via a central repository of repo agreements and the simultaneous settlement of cash and securities.

Distributed Ledger Repo Use Cases

Intercompany Consolidated Box

  • Eliminate the movements between entity specific free boxes at BNYM
  • Track the ownership of the collateral as a replacement to the physical moves being made in the consolidated box
  • Reduced clearing costs and fails through the elimination of collateral movement
  • Reduced DLOD and capital buffer size through real-time settlement and optimal use of collateral

Sponsored Repo Consolidated Box

  • Eliminate the open leg movements between the free box and omni box of the SR process at BNYM
  • Track ownership of collateral as replacement to the physical moves
  • Reduced clearing costs through the elimination of collateral movement
  • Reduced TMPG charges through enhanced ability to cover short-side fails

HQLA / Reg Lock-up

  • Optimize movement of collateral between entities
  • Leverages DLR shell methodology and optimization to ensure efficient use of collateral
  • Collateral held away in segregated, no-lien account at BNYM
  • Enhanced communication between impact and BNYM creates efficiency in collateral allocation

Learn more about Distributed Ledger Repo here

Watch the Video Transforming Repo Market Infrastructure (

Let’s talk about what’s next for you

Our representatives and specialists are ready with the solutions you need to advance your business.

Want to speak with a sales representative?

Table Heading
+1 800 353 0103North America
+65 6438 1144APAC

Thank you.

Your sales rep submission has been received. One of our sales representatives will contact you soon.

Want to speak with a sales representative?

Table Heading
+1 800 353 0103North America
+65 6438 1144APAC