BNY Mellon and Pirum partner on collateral optimisation platform
05 October 2022 US
Image: REDPIXEL
BNY Mellon and Pirum have partnered to launch a new collateral optimisation service, ECPOConnect. The platform offers margin, risk management and inventory management, with the goal of improving risk-return outcomes.
ECPOConnect combines BNY Mellon’s collateral management service, EPCO, and Pirum’s CollateralConnect, an SaaS solution allowing for collateral and inventory management and optimisation.
The platform is customisable, with users able to choose whether to use existing in-house optimisers or BNY Mellon’s ECPO.
Through the service, users can reduce liquidity, exposure and funding costs, and will be able to centralise collateral management across locations and business lines.
The platform offers near- to real-time connectivity, allowing users to meet global obligations, through services including intraday management of cross-product margin requirements and automated mobilisation of inventory.
Phil Morgan, CEO of Pirum, says: “ECPOConnect is an innovative solution offering industry participants a flexible set of optimisation solutions to fit their needs. Combining Pirum’s capabilities with ECPO, clients gain immediate benefits through more efficient funding, liquidity and capital management.”
Victor O’Laughlen, digital business leader at BNY Mellon, adds: “We have already put this tool to work using real client data, and the results have shown major efficiencies for clients navigating an increasingly-connected marketplace.”
ECPOConnect combines BNY Mellon’s collateral management service, EPCO, and Pirum’s CollateralConnect, an SaaS solution allowing for collateral and inventory management and optimisation.
The platform is customisable, with users able to choose whether to use existing in-house optimisers or BNY Mellon’s ECPO.
Through the service, users can reduce liquidity, exposure and funding costs, and will be able to centralise collateral management across locations and business lines.
The platform offers near- to real-time connectivity, allowing users to meet global obligations, through services including intraday management of cross-product margin requirements and automated mobilisation of inventory.
Phil Morgan, CEO of Pirum, says: “ECPOConnect is an innovative solution offering industry participants a flexible set of optimisation solutions to fit their needs. Combining Pirum’s capabilities with ECPO, clients gain immediate benefits through more efficient funding, liquidity and capital management.”
Victor O’Laughlen, digital business leader at BNY Mellon, adds: “We have already put this tool to work using real client data, and the results have shown major efficiencies for clients navigating an increasingly-connected marketplace.”
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