AFEX signs up Derivitec's for collateral management
01 November 2016 London
Image: Shutterstock
Risk management solutions provider AFEX has partnered with Derivitec to leverage its Risk Portal platform for collateral management reports.
AFEX's trade and counterparty data will be fed into the Derivitec platform, allowing it to drill down into changes in counterparty collateral and margin requirements.
According to Derivitec, the platform was originally designed to provide analytics on derivative products but it has been extended to cover regulatory reports across a wide range of global assets.
Sheila Krishnan, global credit manager and senior credit manager for Europe, the Middle East and Africa at AFEX, said: "Derivitec has been instrumental in helping us manage counterparty collateral in the wake of the Brexit shock.”
“Its real value was really prior to the event itself, when we were able to stress test portfolios and warn clients of impending collateral requirements as well as potential negative market movements so that clients would be prepared well in advance.”
AFEX's trade and counterparty data will be fed into the Derivitec platform, allowing it to drill down into changes in counterparty collateral and margin requirements.
According to Derivitec, the platform was originally designed to provide analytics on derivative products but it has been extended to cover regulatory reports across a wide range of global assets.
Sheila Krishnan, global credit manager and senior credit manager for Europe, the Middle East and Africa at AFEX, said: "Derivitec has been instrumental in helping us manage counterparty collateral in the wake of the Brexit shock.”
“Its real value was really prior to the event itself, when we were able to stress test portfolios and warn clients of impending collateral requirements as well as potential negative market movements so that clients would be prepared well in advance.”
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