In order to satisfy the diverse needs of our clients, maximize the distribution
of our lendable securities and provide greater freedom and flexibility for our
traders, State Street offers access to several online platforms that help streamline
the lending process.
WebLend™ is our proprietary online lending tool and is available worldwide
24 hours a day. WebLend is a secure system that allows approved borrowers to
view our inventory, locate specific securities or a set of securities, book
loans, receive loan confirmations and view rebate rates.
We're also pleased to offer our clients access to EquiLend™, a global
platform designed to support the automation of key components of securities
financing transactions. EquiLend connects participants through a common process
and infrastructure, which creates both efficiencies and liquidity and reduces
the levels of potential errors and risks. EquiLend was developed by a consortium
of 10 industry leaders, including State Street.