Castles in the cloud for collateral management
08 June 2016 London
Image: Shutterstock
CloudMargin and the CME Group are collaborating to offer clearing participants access to cloud-based software for automated and integrated collateral management.
CME Clearing and CME Clearing Europe customers will be able to access a consolidated view off their complete collateral inventory, including cleared and non-cleared derivatives transactions across all asset types and instruments.
The software includes a tool for handling complex collateral requirements involving multiple counterparties, and also offers automated connectivity for global custodians, banks, clearing brokers and clearing houses.
Sunil Cutinho, president of CME Clearing, said: “The cloud-based collateral management service will be of particular relevance for market participants who want to fulfil all of their operational and regulatory requirements efficiently.”
He added: “Our collaboration with CloudMargin will ensure that collateral management becomes even more accessible and robust.”
CEO of CloudMargin Steve Husk commented: “Our relationship with CME Group will immediately benefit all current and future members of the CloudMargin community.”
He said: “Where, through regulation, activity is migrating away from non-cleared transactions to central clearing, our expanded functionality in both areas ensures we remain able to support all our clients’ end-to-end collateral management requirements in our fully automated, light touch, cloud-based model.”
CME Clearing and CME Clearing Europe customers will be able to access a consolidated view off their complete collateral inventory, including cleared and non-cleared derivatives transactions across all asset types and instruments.
The software includes a tool for handling complex collateral requirements involving multiple counterparties, and also offers automated connectivity for global custodians, banks, clearing brokers and clearing houses.
Sunil Cutinho, president of CME Clearing, said: “The cloud-based collateral management service will be of particular relevance for market participants who want to fulfil all of their operational and regulatory requirements efficiently.”
He added: “Our collaboration with CloudMargin will ensure that collateral management becomes even more accessible and robust.”
CEO of CloudMargin Steve Husk commented: “Our relationship with CME Group will immediately benefit all current and future members of the CloudMargin community.”
He said: “Where, through regulation, activity is migrating away from non-cleared transactions to central clearing, our expanded functionality in both areas ensures we remain able to support all our clients’ end-to-end collateral management requirements in our fully automated, light touch, cloud-based model.”
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