EquiLend Reminds on Hold Functionality

December 1, 2008 (PLANSPONSOR.com) - EquiLend has announced that their securities finance technology platform offers Hold functionality for securities.

According to a press release, this service has been in place since platform inception in 2002 and is available immediately.  

“Considering recent regulatory developments, we want to emphasize that EquiLend’s platform provides services that enable users to easily align their business practices with market changes,” states Brian Lamb, CEO of EquiLend.   “Our Hold functionality allows users to reserve securities that they may borrow at a later date. This service may be quite useful as market practices continue to be defined.”

EquiLend is a provider of trading services for the securities finance industry.

More information is available at http://www.equilend.com