14 October 2015
Reporter: Becky Butcher

SmartStream upgrades TLM Collateral Management

SmartStream has launched a TLM Collateral Management adaptor to provide a full lifecycle of trading messages for the non-clearing over-the-counter (OTC) derivatives market.

The adaptor to TLM Collateral Management, which SmartStream acquired from IBM in February, will integrate the system with Arcadia Soft’s Margin Sphere clearing services.

SmartStream is providing full coverage of the lifecycle messages and events supported under straight-through processing, reducing the need for ad hoc manual activities at other terminals.

The adaptor is delivered as part of SmartStream’s latest release of TLM Collateral Management v5.2.10.

SmartStream has developed the adaptor is response to International Organization of Securities Commissions (IOSCO) and Basel Committee risk mitigation standards for the non-clearing OTC derivatives market, which are requiring trading desks and collateral managers to understand which assets should be preserved for use as collateral and which, potentially, are available for trading.

Darryl Twiggs, head of product management at SmartStream, commented: “Volumes in non-clearing OTC are predicted to rise by a factor of ten in 2016 following the implementation of new IOSCO regulations for intra-day margin call calculations.”

“I am delighted that we have been able to use our TLM technologies to deliver the adaptor quickly. This brings collateral management closer to our other solutions in portfolio and margin settlement reconciliations and intra-day funding liquidity management.”

He added: “The challenges further increase when firms are engaged in derivatives activity through a variety of legal entities in different national jurisdictions; we are speaking to clients who are seeking to mitigate risk in derivatives for cross-border transactions.”

More sibos news
The latest news from Asset Servicing Times
Join Our Newsletter

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

Subscribe now
Sibos cities revealed for 2020 and 2021
06 April 2017 | Boston | Reporter: Stephanie Palmer
Sibos is to return to Boston in 2020 and to Singapore in 2021, SWIFT has announced
Sibos: Cultural change is imminent
30 September 2016 | Geneva | Reporter: Stephanie Palmer
The biggest changes to the financial services industry between now and 2020 will be cultural, according to panellists speaking at Sibos 2016...
Sibos: Easier standardised than done
29 September 2016 | Geneva | Reporter: Stephanie Palmer
Standards mean different things to banks and corporate treasurers, but they should collaborate to make them work, according to speakers in a debate session at Sibos...
Sibos: Financial services should lead ‘new era’ of tech, says IBM head
28 September 2016 | Geneva | Reporter: Stephanie Palmer
Cognitive technology will give financial services firms a competitive advantage, as long as they seize the opportunity, keynote speaker Ginni Rometty told Sibos attendees...
Tax services top the outsourcing list
28 September 2016 | Geneva | Reporter: Becky Butcher
Tax services have been identified as the function to most successfully outsource, according to 52 percent of respondents to a SIX Securities Services survey...
Raiffeisen Bank tackles Basel III principles
28 September 2016 | London | Reporter: Becky Butcher
Raiffeisen Bank has implemented SmartStream’s cash and liquidity reporting solution...
Broadridge extends GPTM solution
28 September 2016 | Geneva | Reporter: Becky Butcher
Broadridge Financial Solutions has expanded its global post trade management (GPTM) solution with cash management capabilities...
More sibos news