Broadridge has launched FinancePro, a global, multi-asset, multi-currency securities financing solution assisting financial institutions in making collateral decisions and scaling their repo, treasury and securities lending desks.
Broadridges FinancePro solution enables comprehensive tracking and management of positions throughout the entire lifecycle of a financing transaction. The new Tri-party Allocation Simulator allows firms to optimize the collateral allocations within tri-party trades prior to submission to the clearing bank, reducing overall funding expense.
FinancePros reporting capabilities allow front-, middle- and back-office personnel to analyze and take action on information across a broad array of criteria, including geographies, entities, currencies, business units, depositories, asset classes, counter-parties and other categories.
Given the rapidly changing regulatory and credit landscape, global financial institutions are expressing a greater need for sophisticated, high-quality solutions that will help them better manage and monitor their financing activity while reducing market, operational and counter-party risk, says J. Michael Hopkins, president, Securities Processing Solutions Fixed Income, Broadridge. Utilizing FinancePro, our clients will now have a comprehensive set of best-in-class tools that will enable them to successfully address these challenges.
FinancePro is integrated with Broadridges securities processing solutions such as impact, BPS and Gloss as well as other front-, middle- and back-office systems and is kept up to date with regulatory requirements and tri-party reforms.
(CG)