Calypso releases 13th update for OTC services
18 May 2012 San Francisco
Image: Shutterstock
Calypso Technology has released Calypso V13, aimed at helping customers take advantage of opportunities created by the new OTC market structure in clearing and collateral management services.
Calypso V13 enables clearing member organizations to deploy in-house and client clearing services for interest rates/credit derivatives and FX products with initial/variable margin calculations across multiple clearinghouses, integrated collateral management, and treasury and liquidity services.
Kishore Bopardikar, CEO and president of Calypso Technology, said: "We are helping capital markets firms address new front-office, operations and connectivity issues associated with the new OTC landscape, while managing margin compressions and capital costs across business lines."
According to TABB Group, nearly $2 trillion in additional collateral may need to be posted to comply with proposed central clearing margin requirements, placing a strain on bank balance sheets.
"Centrally-cleared derivatives will turn the back-office from a cost center to a critical tool for efficient allocation of capital," said Adam Sussman, partner and research director at the TABB Group.
Calypso V13 enables clearing member organizations to deploy in-house and client clearing services for interest rates/credit derivatives and FX products with initial/variable margin calculations across multiple clearinghouses, integrated collateral management, and treasury and liquidity services.
Kishore Bopardikar, CEO and president of Calypso Technology, said: "We are helping capital markets firms address new front-office, operations and connectivity issues associated with the new OTC landscape, while managing margin compressions and capital costs across business lines."
According to TABB Group, nearly $2 trillion in additional collateral may need to be posted to comply with proposed central clearing margin requirements, placing a strain on bank balance sheets.
"Centrally-cleared derivatives will turn the back-office from a cost center to a critical tool for efficient allocation of capital," said Adam Sussman, partner and research director at the TABB Group.
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