RBC Investor Services has launched a global derivatives platform, the first product to be launched by the custodian since RBCs buyout of a 50% stake in RBC Dexia from Dexia at the end of July.
The fully integrated, global operating model for listed and OTC derivatives was developed to deliver middle and back-office services to listed and OTC derivatives for a wide range of global clients.
RBC Investor Services global clients are increasing their investments in listed and OTC derivatives using a convergence of traditional and alternative investment strategies. Client migrations to the platform have already begun and will continue in 2013 with the integration of the new central clearing requirements in the global operating model.
This is a robust, scalable, and flexible application that enables RBC Investor Services to continue delivering the highest standard of client service, manage increasing volumes of trades and support the expansion of our product coverage, said Olivier Laurent, director, Alternatives Investment, RBC Investor Services.
The new global platform will support an increased range of derivatives products and services such as trade processing, independent derivatives valuations, cash flows and collateral management. The centralized governance platform allows for a clear audit trail for derivatives pricing.
This increased range, supported by a newly improved reporting capability, means that we are better placed to provide a consistent global service offering and helps maintain our profile as a premier provider of derivatives services among existing and prospective clients, continued Laurent. This is just one of a number of enterprise offerings reflecting RBC Investor Services move towards providing clients with truly global solutions.
RBC Investor Services has $2.9 trillion (CAD 2.8 trillion) in client assets under administration.
(JDC)