Calypso Technology has updated its platform, Calypso V13, now offering services to help customers take advantage of opportunities created by the new OTC market structure in clearing and collateral management services.
The platform, which is used by many global CCPs as their core clearing infrastructures, enables clearing member organizations to rapidly deploy comprehensive house and client clearing services for interest rates/credit derivatives and FX products with initial/variable margin calculations across multiple clearinghouses, integrated collateral management and treasury and liquidity services.
Calypso is leading the charge in helping customers capitalize on the opportunities and manage the complexities of the new OTC derivatives marketplace, says Kishore Bopardikar, CEO and president of Calypso Technology. We are helping capital markets firms address new front-office, operations and connectivity issues associated with the new OTC landscape, while managing margin compressions and capital costs across business lines.
According to TABB Group, nearly $2 trillion in additional collateral may need to be posted to comply with proposed central clearing margin requirements, placing a tremendous strain on bank balance sheets. Centrally cleared derivatives will turn the back-office from a cost center to a critical tool for efficient allocation of capital, according to Adam Sussman, partner and research director at the TABB Group in his recent publication, Reinventing Capital Markets Infrastructure. Firms realize that a more automated and real-time clearing workflow will allow them to deploy shrinking amounts of capital more intelligently.
Calypso V13 also updates analytical and workflow requirements of OTC derivatives to meet recent market structure changes. It also includes curve generation methodology, new integrated cross-asset pricing and market data management capabilities and real-time analytical reporting tools.
(CG)