Oak Hill implements Hazeltree’s cash and collateral management suite
28 November 2018 New York
Image: Shutterstock
Oak Hill Advisors has implemented Hazeltree’s cash and collateral management suite to better manage operational risks, strengthen its controls, drive efficiencies and increase yields on excess cash.
Hazeltree’s cash manager product will help to enable centralised aggregation and monitoring of Oak Hill’s cash balances across brokers, banks and other counterparties, as well as the executive of cash movements and payments via a wire solution.
The collateral manager product will streamline and aggregate Oak Hill’s over-the-counter (OTC) collateral management activity. It will also compare and reconcile internal, independently-valued OTC positions with credit support annex terms applied, against each counterparty’s view. Finally, it will respond to, issue, or dispute daily margin calls to optimise capital and collateral usage.
John Mack, Oak Hill’s managing director of operations and client accounting, commented: “Oak Hill wanted to further strengthen its controls and operational efficiencies surrounding cash movements, payments and collateral management. Hazeltree provided an integrated, scalable solution that fully supports our expanding business requirements.”
“Hazeltree has helped our treasury management function deliver leading-edge capabilities to further minimise operational risks and identify opportunities to capture incremental yield.”
Hazeltree’s cash manager product will help to enable centralised aggregation and monitoring of Oak Hill’s cash balances across brokers, banks and other counterparties, as well as the executive of cash movements and payments via a wire solution.
The collateral manager product will streamline and aggregate Oak Hill’s over-the-counter (OTC) collateral management activity. It will also compare and reconcile internal, independently-valued OTC positions with credit support annex terms applied, against each counterparty’s view. Finally, it will respond to, issue, or dispute daily margin calls to optimise capital and collateral usage.
John Mack, Oak Hill’s managing director of operations and client accounting, commented: “Oak Hill wanted to further strengthen its controls and operational efficiencies surrounding cash movements, payments and collateral management. Hazeltree provided an integrated, scalable solution that fully supports our expanding business requirements.”
“Hazeltree has helped our treasury management function deliver leading-edge capabilities to further minimise operational risks and identify opportunities to capture incremental yield.”
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
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
