CloudMargin on the horizon for Metro Bank 15 June 2015London Reporter: Becky Butcher
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Metro Bank has selected collateral management solution CloudMargin to provide collateral management technology for Metro Bank’s over-the-counter derivatives and repo portfolios.
The collaboration between the two firms means Metro Bank will have greater control and visibility of its counterparty risk, with ability to challenge and validate their collateral positions and balances.
Alex Cockerell, head of treasury at Metro Bank commented: “CloudMargin offered a cost-effective; pay-as-you-go; plug-and-play cloud-based system, so there was no need for IT hardware, software or implementation spends. Most importantly the tool is simple and intuitive to use, and saves us time.”
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