Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Transcend expands offering with automated collateral software
Technology news

Transcend expands offering with automated collateral software


20 May 2021 US
Reporter: Alex Pugh

Generic business image for news article
Image: stock.adobe.com/spainter_vfx
Transcend, the inventory, funding and liquidity management provider, has expanded its suite of software with an automated collateral management system.

CCP Central is the first platform to connect and automate margin and collateral management activities across the global network of Central Clearing Counterparties (CCPs), according to Transcend.

CCPs have posted record initial margin highs in 2020 and cleared over-the-counter (OTC) derivatives margins are up 23 per cent year-over-year. It is therefore no longer scalable, Transcend says, for firms to manually process CCP margin requirements.

CCP Central helps to address some of the industry’s margin challenges through its out-of-the-box connectivity and ability to harmonise data across CCPs, exchanges, and internal platforms.

The software also provides comprehensive analysis of margin calls and balances, collateral schedules, positions and transactions, and triparty required values.

It also uses straight-through-processing to automatically execute funding decisions and monitor frameworks allowing for tight control of risk exposures.

Transcend CEO Bimal Kadikar says: “CCP margin and collateral management is key to a capital markets workflow, but the lack of transparency and disconnected, manual processes that firms have relied on up until this point has created a high degree of risk that is only growing as CCP margin pressures increase."
Next technology article →

Pirum builds out CollateralConnect
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral
→ Liquidity

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →