For Executing, Correspondent and Custodian Brokers
Uncomplicate Your Quarterly Broker Statement Process
Reduce paper, save time and simplify the validation process for quarterly broker statements with Loffa’s innovative tool. The volume involved in generating these statements, along with identifying industry contacts, can make this process tedious—but not with Quarterly Broker Statement™. Let our solution help you more efficiently manage documentation communication in alignment with SEC regulations.
Simplify Manual Tasks
Seamlessly address the current manually-intensive verification and financial reporting of Open Trade Fails.
Digitally Verify Information
Both DTCC and non-DTCC participants can electronically verify and confirm all open fails, borrows, loans, and repos.
Easily Manage QBS Letters
Electronically send, receive, and store (SEC 17A-4) QBS letters.
Immediately search and retrieve accepted, unknown or declined transactions.
Make Responding Easy
Provides a universal portal option for responding parties to reply electronically.
Save Time, Money And Paper
Reduces costs and increases operational efficiency and helps you go green.
Compliance and Regulatory Requirements
SEC Rule 17a-13 requires quarterly security counts to be made by certain exchange members, brokers and dealers. This process is handled through the distribution of Quarterly Broker Statement requests to Contra firms.
Quarterly Broker Statement™ effortlessly and securely addresses this process.