Innovative Fixed Income Solutions

Distributed Ledger Repo

Our award-winning distributed ledger technology gives you a proven path to multi-million-dollar savings. Broadridge’s Distributed Ledger Repo (DLR) is a single platform where participants gain higher levels of operational efficiencies for repo transactions within a secured blockchain environment: instead of physically transferring collateral, the underlying security is immobilized, with ownership maintained through smart contracts and a digital representation. Firms can immediately leverage these benefits:

Hard-dollar savings

• Reduced settlement and operational costs
• Reduced daylight overdraft fees

Operational efficiencies

• Immobilized and optimized use of collateral
• Eliminated reconciliations between counterparties
• Reduced disputes and fails

Risk reduction

• Automated repo processing and tracking
• A secure record of trade details

Increased liquidity

• Reduced financing costs
• Increased liquidity for all security types in the securities lending market

DTCC Pledge

The DTCC collateral loan service allows participants to pledge securities as collateral for loans or other purposes via their impact only entity, which connects directly to DTCC; participants can also release collateral allocated to their pledge accounts. Through the new impact DTCC Pledge offering, operations can reconcile their free and pledged positions and initiate free pledge and release requests at DTCC through a single intuitive dashboard. Firms subscribed to the functionality can also leverage enhanced reporting and functionality within the system to better optimize operational processes. 

OMGEO ALERT Standing Settlement Instructions (SSI) Auto Retrieval

Creating new buy-side client sub-accounts can be a manually intensive process susceptible to input errors. The risk of fails is driven not only by erroneously entered new sub-accounts, but also when a sell-side firm is unaware when its buy-side clients have updated their SSIs in ALERT.  Broadridge’s recently enhanced workflow streamlines the process, creating a direct interface to ALERT and providing a more robust and efficient process to auto-retrieve SSIs from ALERT for new account creation; it also makes those same automated retrievals for existing accounts on which the client updated SSIs in ALERT.  Firms using impact & BPS benefit from the service to further secure customer SSI data, reduce fails and fail charges due to incorrect SSIs and free up capacity on new accounts teams.

BNY Global Tri-party

Broadridge is looking for clients that want to participate in a new shared funding tri-party initiative: the upcoming enhancement suite allows impact to support BNY Global tri-party processing. Tri-party lenders will be able to leverage the existing BNY link to submit non-US dollar tri-party deals through impact – participants establish separate identifiers at BNY to distinguish between activity for domestic and for global accounts. impact will load a separate file for the global allocations; the existing allocation process continues as is.

Key Features

Analysis will determine the required changes in impact to support BNY Global Tri-party processing, with enhancements planned for version 958. The features of this optional initiative will include:

• Processing of BNY Global allocation file through an entirely new link
• Allocations in deal currency (ISIN or CUSIP)
• Identification of domestic and global customers at the counterparty level
• Creation of new tri-party match and exception reports

Clients looking to expand their business globally in the dynamic and competitive tri-party landscape should contact their Broadridge account manager today to find out how to seamlessly implement our cutting-edge solutions.