Transcend, a provider of inventory, funding and liquidity management and optimisation solutions, has expanded its suite of software with an automated collateral management system.
CCP Central connects and automates margin and collateral management activities across a global network of CCPs.
The solution targets challenges associated with manual and siloed central clearing counterparties (CCPs) margin activity. The platform provides pre-built connections to CCPs, which eliminates reliance on internal development resources.
It provides out-of-the-box connectivity and harmonised data across CCPs, exchanges, and internal platforms for client and house collateral.
Transcend says the solution can also carry out a comprehensive analysis of margin calls and balances, collateral schedules, positions and transactions, and required values to satisfy margin requirements.
Among other aspects of CCP Central, it can also conduct straight-through-processing (STP) to automatically execute funding decisions without the need for manual oversight.
It also uses straight-through-processing to automatically execute funding decisions and monitor frameworks allowing for tight control of risk exposures.
“Transcend’s clients have been asking for a single place to monitor, manage and automate funding activities across their global network of CCPs,” explains BJ Marcoullier, head of business development at Transcend.
Bimal Kadikar, CEO of Transcend, says: “CCP margin and collateral management is key to a capital markets workflow, but the lack of transparency and disconnected, manual processes that firms have relied on up until this point has created a high degree of risk that is only growing as CCP margin pressures increase.”
“Our CCP Central solution delivers a control framework that seamlessly addresses one of the industry’s largest pain points while also creating process efficiency and improved financial performance.”
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