The requirement to notify or ‘call-in’ transactions to counterparts is a standard market-wide practice which is unique to the securities lending product. The process is often manual or duplicative of systemic processes, and benefits of the process are limited by the lack of standard formats for non-automated solutions.
Non-automated solutions may be required where a counterpart does not currently use the functionality on a vendor platform, or the original transaction went through the automated process and was rejected by the counterpart and their acceptance rules.
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