4sight updates collateral optimisation system
29 May 2013 London
Image: Shutterstock
4sight Financial Software has added a range of new features to its collateral optimisation system.
The updates will allow users to automate collateral recalls and substitutions based on: corporate actions; changes in collateral credit rating leading to it becoming ineligible; changes in counterparty and CCP eligibility criteria; recall requests by underlying clients leading to a short position.
The collateral management system can base all collateral substitutions on automated cheapest to deliver collateral algorithms.
The system can also help users to see when pledged collateral is no longer cheapest to deliver and can propose suitable reallocations.
Martin Seagroatt, 4sight’s head of marketing, said: “Collateral substitution is one of the biggest operational headaches of the collateral management process.”
“We developed new automation around this process to reduce the level of manual effort involved, while also minimising collateral costs through intelligent asset allocation.”
The updates will allow users to automate collateral recalls and substitutions based on: corporate actions; changes in collateral credit rating leading to it becoming ineligible; changes in counterparty and CCP eligibility criteria; recall requests by underlying clients leading to a short position.
The collateral management system can base all collateral substitutions on automated cheapest to deliver collateral algorithms.
The system can also help users to see when pledged collateral is no longer cheapest to deliver and can propose suitable reallocations.
Martin Seagroatt, 4sight’s head of marketing, said: “Collateral substitution is one of the biggest operational headaches of the collateral management process.”
“We developed new automation around this process to reduce the level of manual effort involved, while also minimising collateral costs through intelligent asset allocation.”
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