RBC Investor & Treasury Services has launched its collateral management service. This middle office solution centralises and interprets collateral management data to help asset managers comply with BCBS and IOSCO rules for non-cleared derivatives. RBC has deployed technology provided by CloudMargin via IHS Markit. The service includes:
Centralisation of standing settlement instructions and CSA contracts;
The ability to make, receive and monitor margin calls with bilateral counterparts, and determine collateral eligibility;
The validation of incoming collateral calls from bilateral counterparts and enrichment and instructions of movements to third party custodians; and
The optimisation of inventory availability and waterfall selection of preferred assets to pledge.
RBC I&TS has launched the service initially with BIMCOR, one of the largest private sector pension fund managers in Canada.