State Street to provide counterparty monitoring service
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State Street to provide counterparty monitoring service 28 March 2012Boston Reporter: Georgina Lavers
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State Street announced the launch of its Entity Exposure Monitor Service, which calculates exposure to particular legal entities that asset managers and asset owners either do business with, or have within their portfolios.
The service includes dashboards that investors can use to access information about issuer and counterparty risk across all asset classes. It also features limit-setting and alerting capabilities that alert investors regarding over exposure to a particular legal entity.
“In today’s increasingly complex investment environment, we are able to provide our clients with a solution that enables them to have transparency into how much financial exposure they have with each legal entity,” said Patrick Centanni, executive vice president and head of Global Product Management at State Street.
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