Misys Summit for Collateral Management
Recent market events and financial volatility have led
regulators to call for greater transparency and risk mitigation. As
a result, collateral management has become a major focus for
organisations looking to improve counterparty risk management. This
in turn has led to a huge growth in collateralisation. With a
greater focus on risk management, collateral management has evolved
from a purely operational function to one with ramifications across
the whole business.
Summit FT's Collateral and Margin Management solution enables
counterparty exposure to be monitored, measured and managed across
asset classes in real-time. Fully integrated within Summit FT's
straight-through-processing (STP) workflow and credit risk module,
its cross-asset strength helps customers to manage, control and
mitigate risk. Over almost a decade of ongoing development, the
solution has evolved to meet the latest market requirements,
including the new margin management practices that have been
introduced for listed and cleared derivatives.
Highlights include:
- Real-time control over counterparty risk:
proactive exposure management for all collateral and margining
across business lines
- Compliant with market practices: ISDA
standards and margin management practices, including broker demands
and statement workflow
- Improved efficiency: use of a single solution
for collateral and margining; collateral is aggregated by
integrating trades and positions across Summit FT and third party
trading systems
- Broader view of credit risk: throughSummit's
credit risk monitor
- Improved STP: the full collateral and
margining process can be automated
- Automation of the full margin call workflow
process: leading to greater efficiency and reconciliation
with counterparties