Transcend launches Eligibility Central to accelerate collateral strategies
18 March 2022 US
Image: Ton_Forio/stock.adobe.com
Transcend has announced the launch of a unifying platform for collateral eligibility information and analytics, Eligibility Central.
The platform aims to empower clients to accelerate critical collateral functionality, including optimisation and mobilisation.
The end-to-end functions of the platform involve a single, golden source of ‘harmonised’ eligibility information, including an out-of-the-box connectivity to triparty agents, central clearing counterparty and central banks.
Clients will have the ability to ‘slice and dice’ granular eligibility criteria across clients’ portfolio of securities and compare against multiple destinations. Furthermore, clients will be able to send eligibility information to other systems and processes to run an automated collateral management workflow.
Commenting on the announcement, BJ Marcoullier, head of business development at Transcend, explains: “As the capital markets community increases focus on enterprise collateral management, optimisation, and mobilisation strategies, the need for harmonisation of collateral eligibility schedules is clear.
“However, because the collateral ecosystem is so large and bifurcated, we regularly hear it is taking industry players far too long to create an eligibility hub internally. Eligibility Central helps firms streamline complex collateral strategies and accelerate time-to-value timelines.”
Todd Hodgin, Transcend’s global head of product development, adds: “Connecting the collateral ecosystem across internal systems and external providers is a critical need in the marketplace.
“Eligibility Central helps clients realise their financial performance goals by delivering a solution that supports better collateral utilisation decisions.”
The platform aims to empower clients to accelerate critical collateral functionality, including optimisation and mobilisation.
The end-to-end functions of the platform involve a single, golden source of ‘harmonised’ eligibility information, including an out-of-the-box connectivity to triparty agents, central clearing counterparty and central banks.
Clients will have the ability to ‘slice and dice’ granular eligibility criteria across clients’ portfolio of securities and compare against multiple destinations. Furthermore, clients will be able to send eligibility information to other systems and processes to run an automated collateral management workflow.
Commenting on the announcement, BJ Marcoullier, head of business development at Transcend, explains: “As the capital markets community increases focus on enterprise collateral management, optimisation, and mobilisation strategies, the need for harmonisation of collateral eligibility schedules is clear.
“However, because the collateral ecosystem is so large and bifurcated, we regularly hear it is taking industry players far too long to create an eligibility hub internally. Eligibility Central helps firms streamline complex collateral strategies and accelerate time-to-value timelines.”
Todd Hodgin, Transcend’s global head of product development, adds: “Connecting the collateral ecosystem across internal systems and external providers is a critical need in the marketplace.
“Eligibility Central helps clients realise their financial performance goals by delivering a solution that supports better collateral utilisation decisions.”
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