Pirum, the UK-based fintech, has extended its connectivity with BNY Mellon through its collateral management platform, CollateralConnect, to allow mutual clients to self-direct triparty collateral allocations using its optimisation algorithm. By leveraging Pirum’s existing market-wide connectivity, the platform now offers a full front-to-back solution to support enterprise-wide optimization across fixed income, securities finance and derivatives.…
Category: Collateral
Clearstream & Vermeg collaborate on ECMS
Clearstream has joined forces with Vermeg, a fintech focused on collateral management & asset servicing, regulatory reporting and digital transformation. The partnership will deliver an STP collateral management solution connected to the Eurosystem Collateral Management System (ECMS). The ECB is introducing ECMS to unify the management of collateral of national central banks across the Eurozone.…
MUTB outsources cash management to FWIA
Mitsubishi UFJ Trust and Banking’s (MUTB) global securities lending solutions group has established a securities lending cash management partnership with Fort Washington Investment Advisors (FWIA), the investment arm of Western & Southern, a financial services company and life insurance group. FWIA will be MUTB’s preferred provider for clients that require a separately managed account for…
Fnality & HQLAx complete DVP repo PoC
Fnality and HQLAᵡ have completed the first PoC DvP repo settlement across the Fnality Payment System (FnPS) and HQLAᵡ’s Digital Collateral Registry, bridging the DLTs of Enterprise Ethereum and R3 Corda. The proof of concept was supported by the project participants – Banco Santander, Goldman Sachs and UBS – and achieved by connecting HQLAᵡ with…
Clearstream hires new global head of collateral management
Gael Delaunay has joined Clearstream as global head of collateral management, based in Luxembourg. He was previously head of European collateral management at BNY Mellon.
HQLAx collaborates with Wematch
HQLAᵡ, the distributed ledger for securities finance and repo, and Wematch, a fintech company offering web-based tools and solutions to enhance the dealing process, has formed a collaboration to enhance the mobility of collateral assets in securities finance transactions. This will pave the way for any of the 90 legal entities and 900 traders already…
Clearstream and Pirum expand services
Clearstream and Pirum, the securities finance automation provider, have extended their services to offer new collateral connectivity. This allows mutual clients to automate the calculation, matching, submission and validation of collateral requirements and allocations for securities lending, repo and OTC derivative transactions. The extended connectivity assists clients with agreeing collateral on a real-time basis, reducing…
State Street links to Pirum
State Street has integrated its Collateral+ platform with Pirum’s CollateralConnect service to support mutual clients with collateral management and optimisation. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include a tri-party service, which enables buy-side firms to optimise collateral usage and efficiency when posting margin to…
State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…
State Street partners with Cassini to enhance optimisation
State Street has added pre-and post-trade optimisation and margin analytics capabilities to its Collateral+ service. In partnership with Cassini Systems, a provider of pre- and post-trade margin and collateral analytics for derivatives market participants, Collateral+ now offers an integrated, modular approach to optimisation, which addresses collateral efficiency from multiple angles. It Through Cassini’s technology, Collateral+…