Bain Capital selects Hazeltree Collateral Manager
21 May 2019 New York
Image: Shutterstock
Bain Capital Credit and Hazeltree have implemented Hazeltree Collateral Manager to streamline collateral management across International Swaps and Derivatives Association (ISDA) counterparties.
Hazeltree Collateral Manager enables Bain Capital Credit to compare and reconcile internal, independently-calculated over the counter collateral call estimates against each counterparty’s calls.
Additionally, it responds to, issue, or dispute daily margin calls via all eligible cash and assets.
It was noted that a major driver for Bain Capital Credit’s evaluation and selection of Hazeltree Collateral Manager is the upcoming Uncleared Margin and Standard Initial Margin Model.
Tom D’Orsi, head of treasury, Capital Markets at Bain Capital, cited: “Moving our collateral management off spreadsheets and to Hazeltree’s cloud solution helps us automate responding to calls, focus on collateral exceptions and, generally, streamline the interactions with our ISDA counterparties.
“With Hazeltree, we are able to efficiently stay on top of validating collateral calls daily while freeing up experienced treasury personnel for other value-added finance activities.”
Sameer Shalaby, president and CEO of Hazeltree, commented: “Bain Capital Credit is a forward-looking firm that understands how treasury and portfolio finance has changed over the past few years.”
“We are excited to add Bain Capital Credit to our growing alternative investment community of users and look forward to helping them reduce their operational risk, work more efficiently, and increase the performance of their collateral business.”
Hazeltree Collateral Manager enables Bain Capital Credit to compare and reconcile internal, independently-calculated over the counter collateral call estimates against each counterparty’s calls.
Additionally, it responds to, issue, or dispute daily margin calls via all eligible cash and assets.
It was noted that a major driver for Bain Capital Credit’s evaluation and selection of Hazeltree Collateral Manager is the upcoming Uncleared Margin and Standard Initial Margin Model.
Tom D’Orsi, head of treasury, Capital Markets at Bain Capital, cited: “Moving our collateral management off spreadsheets and to Hazeltree’s cloud solution helps us automate responding to calls, focus on collateral exceptions and, generally, streamline the interactions with our ISDA counterparties.
“With Hazeltree, we are able to efficiently stay on top of validating collateral calls daily while freeing up experienced treasury personnel for other value-added finance activities.”
Sameer Shalaby, president and CEO of Hazeltree, commented: “Bain Capital Credit is a forward-looking firm that understands how treasury and portfolio finance has changed over the past few years.”
“We are excited to add Bain Capital Credit to our growing alternative investment community of users and look forward to helping them reduce their operational risk, work more efficiently, and increase the performance of their collateral business.”
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