Mutual clients will be able to connect via Pirum services to fully automate margin calculation, agreement, and instruction, as well as collateral management and optimisation
The companies say the offering will increase post-trade efficiencies while providing clients with the benefits of an established risk management counterparty
The report includes a series of market and policy recommendations to encourage the development of a safe and efficient over-the-counter (OTC) derivatives market
CBA is the organisation’s first Australia-based validation agent and will work to champion broader industry efforts to harmonise the use of identifiers to promote greater transparency