SunGard has added a cross-enterprise collateral management and optimization solution to its collateral management suite. Apex Collateral is offered to banks, broker dealers and asset managers and supports the shift towards central clearing of OTC derivatives.
Apex Collateral centralizes all elements of the collateral management process, from creating and maintaining a single, real-time inventory of collateral assets to trading collateral and managing operational requirements. Customers can view and manage collateral across assets, business lines and geographies, helping them increase efficiency and manage risk more effectively.
The product features numerical algorithms, which automatically calculate the optimal assignment of assets to collateral requirements, while workflow tools help standardize how collateral is managed across a broad range of products.
Rich Hochreutiner, global head of collateral trading and management at Swiss Re, said: SunGards Apex Collateral solution helps us increase our effectiveness by providing a consolidated, big picture view of our collateral asset pool across OTC derivatives, reinsurance collateral, repo and securities lending. This transparency helps us mitigate counterparty risk while getting maximum value from our collateral assets.
Andy Nybo, principal and head of derivatives research, TABB Group, added: Being able to manage collateral in a more efficient and timely manner and within the trading process can help provide a significant competitive advantage.
(JDC)