What is QBS ?
Simplify the validation process for quarterly broker statements, reduce paper, and save time 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 240.17a-13 – Quarterly security counts for open positions of Fails/Borrows/Loans/Repos
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.
Simplify Search
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 + 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. QBS effortlessly and securely addresses this process.
