The Depository Trust & Clearing Corporation’s (DTCC) Omgeo ProtoColl front-end collateral management system is to be integrated with DTCC-Euroclear GlobalCollateral Limited’s Margin Transit Utility (MTU), a solution designed to deliver straight through processing of the settlement of margin obligations.
With this integration, Omgeo ProtoColl clients will gain a view of all transactions processed in the MTU from their existing ProtoColl user interface, streamlining margin call activities and enabling better monitoring of the collateral management process from a single interface.
“Our clients have been asking for ProtoColl to be linked with the MTU in order to ensure that activities taking place within the MTU seamlessly integrate with ProtoColl functionality,” said Tim Keady, managing director and DTCC’s chief client officer.
“By doing so, users will benefit from a uniform experience, while enabling them to further automate their collateral processes, reduce counterparty risk, and allow them to more efficiently manage all areas of the collateral workflow.”
Omgeo ProtoColl uses a rules-based workflow approach, allowing for exception-based processing on reconciliation, counterparty exposure, collateral optimisation, auto-fulfilment of pledged assets, and downstream notification.
MTU is a global collateral processing utility to streamline and bring automation and transparency to collateral movements and settlement.
“The open architecture of MTU aligns well with ProtoColl’s architecture, enabling us to bring the benefits of the MTU directly into existing ProtoColl workflow processes,” Keady added.
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