06 June 2017
London
Reporter: Drew Nicol

IHS Markit launches derivative collateral solution


IHS Markit has launched a cloud-based, end-to-end solution for calculating margin, settling calls and managing disputes.

The Collateral Manager solution covers a range of trades, including securities lending, repos, cleared and non-cleared over-the-counter (OTC) derivatives, future and options.

In a statement on the launch, IHS Markit said: “Collateral Manager’s intuitive, configurable dashboards and real-time reporting help users automate processing of margin calls, manage exceptions and provide transparency for audit and risk purposes.”

Collateral Manager was created in partnership with CloudMargin, which previously produced the market's first web-based collateral and margin management solution.

IHS Markit cited its existing offerings, including Portfolio Valuations, Counterparty Manager, MarkitSERV and Fixed Income Pricing, as important data sources that will support the Collateral Manager solution.

Laura Kholodenko, director for Portfolio Valuations at IHS Markit, said: “Collateral Manager offers the unique ability to link the disparate information that is critical to a straight-through collateral process, making IHS Markit a one-stop shop for margin and collateral services.”

“Achieving an automated collateral programme is a growing priority as managing margin becomes a larger and more complex challenge.”

When discussing the drivers behind the new product launch, IHS Markit highlighted that new regulation requires the mandatory exchange of variation and initial margin for cleared and uncleared OTC derivatives transactions.

“In response, financial institutions seeking operational excellence require new tools with which to automate margin activity and manage legal and liquidity risk,” IHS Markit explained.

More news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Hedge funds continue 2017 run
23 November 2017 | Madrid | Reporter: Drew Nicol
Global AUM of hedge funds rose 24 percent to $3.2 trillion in the past two years, according to data captured by IOSCO’s latest market survey.
Goldman Sachs appointed by Thrivent for agent lending
23 November 2018 | Minneapolis | Reporter: Jenna Lomax
Thrivent Financial has appointed Goldman Sachs as it new lending agent
ICMA maps repo and cash bond operations
22 November 2017 | Zurich | Reporter: Zsuzsa Szabo
ICMA has launched a free-to-read mapping directory for more than 80 technology solutions for repo and cash bond operations
FCA publishes MiFID II guide
22 November 2017 | London | Reporter: Jenna Lomax
The guide focuses on the regulatory regime in MiFID II for trading venues and data reporting services providers
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
India reviews SBL position limits
21 November 2017 | New Delhi | Reporter: Zsuzsanna Szabo
The Securities and Exchange Board of India has altered its securities lending rulebook, following market calls for change
EU Commission opens consultation of SFTR TR fees
21 November 2017 | Paris | Reporter: Drew Nicol
UK-based trade repositories may be forced to shoulder additional third-party recognition fees to operate under EU regulatory frameworks post-Brexit, according to proposed EU Commission rules