VERMEG’s COLLINE Collateral Suite adds margin analytics capabilities
06 January 2022 US
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VERMEG announces partnership with Cassini Systems to support firms facing Initial Margin (IM) requirements.
The collaboration will aid financial institutions with uncleared over-the-counter (OTC) derivatives, exchange-traded derivatives and prime brokerage.
VERMEG has integrated Cassini’s margin analytics platform into its COLLINE collateral suite, allowing for cost efficiencies and helping to meet requirements of the Uncleared Margin Rules (UMR).
It will also provide clients with a comprehensive workflow for managing intraday and end-of-day collateral requirements centrally within COLLINE’s standardised workflow, inclusive of collateral optimisation, according to the firm.
The integration includes Cassini’s Standard Initial Margin Model and Standard Approach calculation service at pre and post-trade, as well as margin methodologies of exchanges, central counterparties (CCPs) and prime brokers, providing transparency across asset classes.
Speaking on the announcement, Liam Huxley, CEO of Cassini Systems, says: “As UMR reaches phase 6 and impacts the full range of buy-side firms, the need for a complete and flexible, front-to-back SIMM calculation, including the generation of sensitivities, is critical. The time for these firms to prepare is now.”
Wassel Dammak, head of collateral solutions strategy, adds: “We are excited to partner up with Cassini to help clients more efficiently manage their margin by leveraging analytics at different stages of the collateral workflows. By September 2022, firms will be impacted globally by UMR, and Cassini can help those firms. The combination of COLLINE’s process automation with Cassini’s margin analytics will enable clients to leverage a one-stop-shop solution to manage business and regulatory requirements.”
The collaboration will aid financial institutions with uncleared over-the-counter (OTC) derivatives, exchange-traded derivatives and prime brokerage.
VERMEG has integrated Cassini’s margin analytics platform into its COLLINE collateral suite, allowing for cost efficiencies and helping to meet requirements of the Uncleared Margin Rules (UMR).
It will also provide clients with a comprehensive workflow for managing intraday and end-of-day collateral requirements centrally within COLLINE’s standardised workflow, inclusive of collateral optimisation, according to the firm.
The integration includes Cassini’s Standard Initial Margin Model and Standard Approach calculation service at pre and post-trade, as well as margin methodologies of exchanges, central counterparties (CCPs) and prime brokers, providing transparency across asset classes.
Speaking on the announcement, Liam Huxley, CEO of Cassini Systems, says: “As UMR reaches phase 6 and impacts the full range of buy-side firms, the need for a complete and flexible, front-to-back SIMM calculation, including the generation of sensitivities, is critical. The time for these firms to prepare is now.”
Wassel Dammak, head of collateral solutions strategy, adds: “We are excited to partner up with Cassini to help clients more efficiently manage their margin by leveraging analytics at different stages of the collateral workflows. By September 2022, firms will be impacted globally by UMR, and Cassini can help those firms. The combination of COLLINE’s process automation with Cassini’s margin analytics will enable clients to leverage a one-stop-shop solution to manage business and regulatory requirements.”
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