Pirum extends integration with J.P. Morgan triparty platform
15 February 2022 UK
Image: inimalGraphic/stock.adobe.com
Pirum has announced further integration with J.P. Morgan’s triparty collateral management platform, which will support collateral optimisation for mutual clients through Pirum’s CollateralConnect service.
The CollateralConnect service extension with J.P. Morgan will allow mutual clients to direct triparty collateral allocations based on their own or a third-party optimisation algorithm and sources and uses of inventory data held by Pirum.
This provides companies with intelligent, straight-through processing to streamline intraday margining, automate directed collateral coverage and drive efficient collateral usage and mobilisation.
CollateralConnect delivers a real-time, automated and comprehensive collateral solution for clients to efficiently manage and optimise collateral, funding and liquidity.
The solution supports multi-objective optimisation outcomes including mitigating risk and maximising financial resource efficiencies.
Graham Gooden, head of collateral services for Europe, the Middle East and Africa at J.P. Morgan, says: “We offer clients an integrated way to connect to our services, share data, automate processing and drive better results, and CollateralConnect helps mutual clients do that more efficiently. As collateral optimisation continues to rise in importance, it’s our role to help clients direct allocations across their trading counterparties as granularly and effectively as possible.”
Todd Crowther, head of corporate development and collateral services at Pirum, adds: “J.P. Morgan has collaborated closely throughout the development of the CollateralConnect service. We are proud to be enabling mutual clients to help in leveraging the J.P. Morgan triparty platform to achieve better operational and financial efficiencies with relatively minimal time and effort on their part. Our aim at Pirum is always to remain flexible to support the variety of approaches and the unique challenges of each client.”
The CollateralConnect service extension with J.P. Morgan will allow mutual clients to direct triparty collateral allocations based on their own or a third-party optimisation algorithm and sources and uses of inventory data held by Pirum.
This provides companies with intelligent, straight-through processing to streamline intraday margining, automate directed collateral coverage and drive efficient collateral usage and mobilisation.
CollateralConnect delivers a real-time, automated and comprehensive collateral solution for clients to efficiently manage and optimise collateral, funding and liquidity.
The solution supports multi-objective optimisation outcomes including mitigating risk and maximising financial resource efficiencies.
Graham Gooden, head of collateral services for Europe, the Middle East and Africa at J.P. Morgan, says: “We offer clients an integrated way to connect to our services, share data, automate processing and drive better results, and CollateralConnect helps mutual clients do that more efficiently. As collateral optimisation continues to rise in importance, it’s our role to help clients direct allocations across their trading counterparties as granularly and effectively as possible.”
Todd Crowther, head of corporate development and collateral services at Pirum, adds: “J.P. Morgan has collaborated closely throughout the development of the CollateralConnect service. We are proud to be enabling mutual clients to help in leveraging the J.P. Morgan triparty platform to achieve better operational and financial efficiencies with relatively minimal time and effort on their part. Our aim at Pirum is always to remain flexible to support the variety of approaches and the unique challenges of each client.”
Next industry article →
Digivault and Asset Reality to provide Belgium with crypto asset recovery services
Digivault and Asset Reality to provide Belgium with crypto asset recovery services
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
