Matt Collins | Source | Director, Markets and Trading at EquiLend

We automate a lot of that information exchange, putting buyer and seller together, the confirmation process, and giving market participants the ability to look across their risk limits and stipulate which counterparties they want to trade with.

Our hope is to foster a way to get TRS to fit into a similar risk framework and get the CCPs to say, 'We see this activity as essentially net neutral in terms of the risks members are taking.'