HQLAx

Inefficient collateral management costs Tier 1 participants €50m - €100m p.a. Frictionless: HQLAx makes the transfer of ownership of securities seamless and easy across disparate collateral pools - by removing the cross-custody movement of ISIN’s. Precise: Using HQLAx, firms can specify the exact point in time the collateral should be exchanged. Real-time: By decoupling ownership transfer from movement of assets, exchange can take place simultaneously, in real-time and when required - without the need to actually move the security physically.