LONDEN–(BUSINESS WIRE)– SmartStream Technologies, de leverancier van financiële Transaction Lifecycle Management (TLM®)-oplossingen, kondigt vandaag een nieuwe oplossing aan, Eligibility API for Collateral Management Optimization – een snellere en efficiëntere manier om geschiktheidsinformatie te verkrijgen in onderpand overeenkomsten zoals CSA, GMRA’s en OSLA’s, voor zowel pre- als post-trade onderpand optimalisatie.

Met de op handen zijnde UMR (Uncleared Margin Rules) fase 6-regelgeving die in september 2022 wordt geïmplementeerd, zullen de volumes van margestortingen naar verwachting toenemen en zal er een onvermijdelijke druk zijn op activa die als onderpand worden verpand. Hierdoor zal de vraag naar High Quality Liquid Assets (HQLA) toenemen. Bovendien, nu de rentetarieven naar verwachting zullen stijgen, kijken bedrijven naar optimalisatie vóór en na de handel om de schaarse HQLA en Cash efficiënt te gebruiken. Met deze nieuwe oplossing biedt SmartStream bedrijven een manier om in aanmerking komend onderpand voor elke juridische overeenkomst te publiceren, dat vervolgens kan worden gebruikt door hun optimalisatie-engines.

SmartStream Launch Eligibility API for Fast Access to Collateral Optimisation

LONDON–(BUSINESS WIRE)– SmartStream Technologies, the financial Transaction Lifecycle Management (TLM^®) solutions provider, today announces a new solution, Eligibility API for Collateral Management Optimisation – a faster and more efficient way to get eligibility information contained within collateral agreements like CSA, GMRAs and OSLA’s, for both pre- and post-trade collateral optimisation.

With the impending UMR (Uncleared Margin Rules) phase 6 regulatory regime being implemented in September 2022, volumes of margin calls are expected to increase and there will be an inevitable squeeze on assets being pledged as collateral. This will result in a rise in demand for High Quality Liquid Assets (HQLA). In addition, with Interest rates forecast to rise – firms are looking at pre- and post-trade optimisation so as to efficiently use scarce HQLA and Cash. With this new solution SmartStream will provide firms with a way to publish eligible collateral for each legal agreement, which can then be consumed by their optimisation engines.

To achieve optimisation, a key component is the ability to access eligibility schedules from OTC and repo collateral systems quickly and easily. Seamlessly accessing what is eligible, and what haircuts apply to instruments across all agreements is fundamental. SmartStream’s new API allows fast and easy access to collateral, including the ability to upgrade seamlessly. In addition, the new solution allows the sourcing of eligibility information in real-time.

Jason Ang, Program Manager, Collateral Management, SmartStream, states: “We realise the UMR deadline is fast approaching, and we have made it easy for clients to deploy our new solution, and to manage future versions without the need for lengthy implementation projects. Furthermore, having a public API strategy, lowers the cost-of-ownership of the collateral solution. The demand for this new API is high and we are having conversations with the major banks on how they can use our eligibility to optimise their collateral in preparation for the future”.

SmartStream’s TLM Collateral Management is a comprehensive, automated data management solution that helps financial institutions lower the operational risks associated with collateral management programmes. It offers a variety of functions, with coverage for cleared and non-cleared, OTC derivatives margining, repo margining and securities lending margining.

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Contacts

For further information:

Shamira Alidina, Media Relations Director, Dina Communications

Tel: +44 (0) 7801 590718

Email: shamira@dinacomms.com

Nathan Gee, Marketing Director, SmartStream

Tel: +44 (0) 20 7898 0630

Email: nathan.gee@smartstream-stp.com