Loanet brings together the largest community of securities finance lenders and borrowers and offers an extensive suite of solutions for the North American securities lending market. Loanet helps broker-dealers, custodian banks, agent lenders and other market participants manage their entire securities finance business from trade initiation through to final return; including trading, position management, operations, accounting, settlement, transaction analytics, regulatory compliance, and trade automation services.
What we offer
Loanet Trading - (Smart Loan) A real-time inventory management application that automates securities finance lending and borrowing fully compliant with 15c3-3 rules. Smart Loan calculates and manages borrow requirements and inventory available for securities lending, short sale authorizations and collateral management. Credit limits and hot stocks are also managed. Modules include: Auto borrow/Auto loan, Short Sale Authorizations (Reg SHO Compliant), Fully Paid Lending, Exclusive Inventory Lending, Bank Loan Collateral Management and more.
Loanet Locates – (Locates Browser) A real-time, internet enabled, short sale approval application which automates the volume of locate requests / authorizations the securities lending desk has to manage. Proprietary traders and customers of broker/dealers can view short sale availability and transaction costs and can submit individual or lists of short sale trading requests for automated approval. The securities lending desk manages the availability and only needs to handle exceptions where additional locates are needed or the security is highlighted as an exception based on parameters.
Loanet SMART Seg Service – (S3) A real-time, on demand margin segregation optimization solution that provides the securities finance desk with the tools to maximize hard stock availability for profitable lending and “just in time” borrowing, while complying with all applicable SEC 15c3-3 rules. Loanet S3’s processing is rate sensitive to free up the most valuable securities first, thereby reducing the need for costly borrows of hard stocks and increasing profitability in hard stocks to lend.
Loanet Regulatory Reserve Reporting – (R3) A real-time solution to automate the preparation of the SEC 15c3-3 Reserve formula computation. Through the use of extensive parameters, R3 provides the proven flexibility to handle a broker-dealer’s specific business requirements and facilitates the application’s allocation algorithm. Loanet R3 provides a Real Time Adjustment facility that supports updating quantity; contract amount and price. The application also provides support for FINRA Automated Exam Program (AEP).
Loanet Short Rebate Allocation (LSRA ) - allows brokerage firms to calculate, maintain, and process revenue sharing agreements with their Hedge Fund clients or proprietary trading desks on associated short transactions. Interest arrangements can be structured based on overall short balances or variable structures that consider the sources of the underlying securities (stock borrow or internal margin/firm availability). Additionally, the LSRA Allocation Engine considers allocation of street side fails to insure interest is not allocated for uncollected short proceeds. Several fail allocation methods are available in the system and are one of several firm level parameters.
Loanet Comparison Services – A solution that bridges the existing gaps in the market and provides a real-time comparison and analysis tool to identify areas of greatest potential exposure. Loanet comparison reviews the severity of any discrepancies, compares contracts regardless of the fact that their books and records are maintained in different ways, and analyzes data in a variety of perspectives.
Loanet Accounting and Settlement - A highly automated accounting and settlement processing system for securities finance transactions, with particular emphasis on borrow and loan activity that settles through Depository Trust Company (DTC). Loanet provides access to the largest single community of borrowers and lenders.
Loanet ALDOP - An Agency Lending Disclosure of Principal (ALDOP) service to help lenders and borrowers with their compliance with regulatory reporting. Loanet ALDOP solution provides a single source of input and output for lenders and borrowers, simplifying the complexity of the daily file delivery requirement, and making processing more efficient through the use of aggregated files.
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What We Offer