Data management vendor Aleri is releasing a new version of its liquidity management system (LMS), which will now include collateral management, providing banks with a real-time view of their liquid assets.
Aleri says the new Collateral Management Module will provide up-to date, accurate, enterprise inventory liquidity centric views of liquid assets positions for day-to-day and crisis liquidity management purposes. Additionally, CMM will provide detailed stock information for use in liquidity risk reporting and stress testing scenarios.
“With the current liquidity crunch reinforcing the need for banks to implement a real-time liquidity management application to provide a clear, up to date view of the enterprise liquidity positions, we are excited about the launch of our newest LMS release,” says Don DeLoach, CEO of Aleri. “LMS provides a system to provide accurate, up-to-date information to manage the bank’s positions, mitigating risk exposures and improving the capability to react effectively to fast changing market conditions.”
Many banks are managing liquidity manually on an intraday basis in the middle office, says Aleri, so actual positions of the bank at any given time during the day cannot be readily determined and might not be accurate. Aleri’s new software will give exact positions down to the transaction level and across the bank as well as apply predictive analytics based on historical data.
Additionally LMS 5 provides banks with a bird’s eye view of what institutions are failing to make their payments, Aleri says. They can also track and identify behaviors that have contributed to the crisis for future reference.