Baton Systems launches Eligibility Service
20 February 2025 US
Image: Lemonsoup14/stock.adobe.com
Baton Systems has unveiled its new Eligibility Service — a collaborative workflow solution designed to facilitate and automate the process of evaluating asset eligibility across diverse counterparties.
Through this service, the fintech firm aims to improve transparency, minimise risk, and enhance collateral management decision-making by analysing detailed eligibility schedules.
Arjun Jayaram, CEO and Founder at Baton Systems, comments: “Our new Eligibility Service introduces a valuable tool for collateral managers, focused on enhancing collateral efficiency and reducing risk, offering significant potential in time and capital savings.
“It is a modular solution that can be implemented both as part of our wider Core-Collateral ecosystem, or separately through its advanced API that integrates into a firm’s proprietary or third-party workflows.”
With the option to integrate the system into optimisation processes, the Eligibility Service aims to enable portfolio recommendations to be grounded in precise and reliable data.
By integrating with Baton’s API, users can benefit from a single normalised source of information, covering complex counterparty schedules, says the firm.
According to Baton, the launch of the new comes as financial institutions increasingly prioritise digitisation and modernised collateral management amid evolving industry demands.
By determining counterparty acceptability for cash and non-cash assets and unlocking real-time data, such as counterparty haircuts, collateral fees, cross-currency adjustments, and interest rates, clients can identify higher-yielding opportunities, often overlooked by manual assessments.
Through this service, the fintech firm aims to improve transparency, minimise risk, and enhance collateral management decision-making by analysing detailed eligibility schedules.
Arjun Jayaram, CEO and Founder at Baton Systems, comments: “Our new Eligibility Service introduces a valuable tool for collateral managers, focused on enhancing collateral efficiency and reducing risk, offering significant potential in time and capital savings.
“It is a modular solution that can be implemented both as part of our wider Core-Collateral ecosystem, or separately through its advanced API that integrates into a firm’s proprietary or third-party workflows.”
With the option to integrate the system into optimisation processes, the Eligibility Service aims to enable portfolio recommendations to be grounded in precise and reliable data.
By integrating with Baton’s API, users can benefit from a single normalised source of information, covering complex counterparty schedules, says the firm.
According to Baton, the launch of the new comes as financial institutions increasingly prioritise digitisation and modernised collateral management amid evolving industry demands.
By determining counterparty acceptability for cash and non-cash assets and unlocking real-time data, such as counterparty haircuts, collateral fees, cross-currency adjustments, and interest rates, clients can identify higher-yielding opportunities, often overlooked by manual assessments.
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