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.

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