Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Securities Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Technology news
  3. Pirum reaches RQV automation milestone
Technology news

Pirum reaches RQV automation milestone


18 December 2014 London
Reporter: Stephen Durham

Generic business image for news article
Image: Shutterstock
Pirum Systems Tri-party RQV Automation service, live with both JP Morgan and BNY Mellon, has reached a significant milestone with processed RQVs (required values) reaching over $130 billion daily.

“With such a focus on exposure management today organisations are looking for any and every efficiency in this space. Pirum’s real-time Tri-party RQV Automation service continues to deliver significant benefits to our clients and is being embraced by the industry resulting in us reaching this milestone,” said Raj Sheth, managing director at Pirum Systems.

“The calculation, agreement and submission of RQV figures bring their own complexities which this service addresses. We are excited to see that the market agrees.”

Paul Lynch, COO at eSecLending, commented: “Pirum’s RQV service gives us timely visibility to the tri-party collateralisation process and delivers levels of automation and efficiencies that have surpassed our expectations. “

“The service has also provided a standardised process for all of our counterparties and tri-party agents further streamlining our collateral management function.”

According to Pirum, additional releases are planned for 2015 which will further extend automation of RQV processing including direct interfaces with additional tri-party agents.
← Previous technology article

Clearstream offers JGB triparty trading solution
Next technology article →

Broadridge partners with AcadiaSoft
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
Advertisement
Subscribe today
Knowledge base

Companies in this article
→ eSecLending
→ BNY Mellon

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →