4sight improves triparty collateral functions
05 February 2015 Edinburgh
Image: Shutterstock
4sight software has launched a new triparty functionality to support its securities finance and collateral management system.
The solution will support the triparty process with Clearstream, JP Morgan and BNY Mellon, and includes functions for all steps of the process, from agreeing to a running quality value (RQV), to messaging capabilities.
It can also match allocations, allowing users to view them against their respective trades. Users will be able to quickly reconcile mismatches in value of exposures against collateral received, and view the RQVs that need to be booked, changed or cancelled.
The service can also help users to identify triparty collateralised trades, streamlining the booking process.
4sight has added support for in the industry standard vendor-specific versions of SWIFT’s MT527 and MT558 messages, and better workflow support for SWIFT MT535 messaging.
This includes improved clarity and reconciliation regarding what a user believes is in a long box, what is actually in it, and what has been allocated.
New features will combine data from three triparty providers in to one system, allowing for easier management of collateral for all three agents at once.
Johnnie Peacock, client services director at 4sight, said: “Due to client demand, we overhauled our existing triparty support and added a raft of new features.”
“Our clients are now able to see their triparty collateral allocations and automatically match off against their respective trades. They now also have access to advanced analytics and reconciliation tools, and can benefit in improvements in operational efficiency and risk visibility.”
The solution will support the triparty process with Clearstream, JP Morgan and BNY Mellon, and includes functions for all steps of the process, from agreeing to a running quality value (RQV), to messaging capabilities.
It can also match allocations, allowing users to view them against their respective trades. Users will be able to quickly reconcile mismatches in value of exposures against collateral received, and view the RQVs that need to be booked, changed or cancelled.
The service can also help users to identify triparty collateralised trades, streamlining the booking process.
4sight has added support for in the industry standard vendor-specific versions of SWIFT’s MT527 and MT558 messages, and better workflow support for SWIFT MT535 messaging.
This includes improved clarity and reconciliation regarding what a user believes is in a long box, what is actually in it, and what has been allocated.
New features will combine data from three triparty providers in to one system, allowing for easier management of collateral for all three agents at once.
Johnnie Peacock, client services director at 4sight, said: “Due to client demand, we overhauled our existing triparty support and added a raft of new features.”
“Our clients are now able to see their triparty collateral allocations and automatically match off against their respective trades. They now also have access to advanced analytics and reconciliation tools, and can benefit in improvements in operational efficiency and risk visibility.”
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