Omgeo addresses collateral management issues
20 June 2012 New York and Boston
Image: Shutterstock
Omgeo has new functionality on Omgeo ProtoColl, its automated collateral management solution. The new version of ProtoColl has been developed with the hope of helping market participants to manage their collateral and risk management operations ahead of the implementation of complex regulatory requirements for OTC derivatives clearing.
Ted Leveroni, executive director of Derivatives Strategy and External Relations at Omgeo, stated: "We are seeing increased focus on automated collateral solutions as firms recognize that they need to act now to prepare their internal processes ahead of the implementation of new regulatory mandates including Dodd-Frank and EMIR.
While the regulations are still to be finalized, there will always be the need for both bilateral and centrally cleared capabilities and ProtoColl gives clients the ability to manage both from a single platform today."
Ted Leveroni, executive director of Derivatives Strategy and External Relations at Omgeo, stated: "We are seeing increased focus on automated collateral solutions as firms recognize that they need to act now to prepare their internal processes ahead of the implementation of new regulatory mandates including Dodd-Frank and EMIR.
While the regulations are still to be finalized, there will always be the need for both bilateral and centrally cleared capabilities and ProtoColl gives clients the ability to manage both from a single platform today."
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