As a leading provider of compliant data governance and collateral administration technology for the financial services industry, we are happy to announce our Fully Paid Securities Lending administration platform now manages a daily average of $2 billion in collateral. This milestone underscores the platform’s growing role in helping broker-dealers and custodian banks efficiently manage and monitor fully paid lending programs under SEC Rule 15c3-3 and FINRA Rule 4330.
As part of its continued engagement with the securities lending community, 17a-4, LLC was pleased to attend the ISLA Americas Conference held recently in Miami, Florida. The firm participated in several discussions focused on evolving market practices, including the panels “Retail Rising: The New Frontier in Liquidity & Lending.”
This insightful session explored the increasing participation of retail investors in securities lending, the emergence of new sources of liquidity, and the growing interest from borrowers such as hedge funds. Panelists also discussed the key operational and regulatory considerations specific to fully paid lending programs, the distinction between retail and institutional lending flows, and how RIAs and retail platforms are adapting to the shifting market structure.
“The ISLA Americas Conference provided valuable dialogue on the convergence of retail participation and institutional lending practices,” said Douglas Weeden, Managing Director Compliance Services, of 17a-4, LLC. 17a-4, LLC believes in the vital importance of perfecting the security interests on behalf of the lender participants and agrees that it is imperative for each FPL program to provide clear disclosure that manage the expectations of the lender. “Our collateral administration service is designed to help broker-dealers and custodians manage this complexity by ensuring transparency, daily mark-to-market validation, and compliance oversight.”
17a-4’s Fully Paid Lending 3rd Party Collateral Administration platform supports:
- Automated daily collateral valuation and reconciliation
- Regulatory reporting under FINRA Rule 4330 and SEC Rule 15c3-3
- Secure data integration with custodian banks and clearing firms
- Comprehensive audit trail and compliance documentation
With increased regulatory focus on recordkeeping and collateral management, 17a-4 continues to innovate at the intersection of technology, compliance, and market infrastructure, ensuring that firms can expand lending programs while maintaining operational integrity and adherence to U.S. securities laws.
