CACEIS Launches Integrated Collateral Management Product

CACEIS has unveiled its latest offering, an integrated collateral management product.

The product, called Collateral Express, is intended for buy-side players as part of their OTC derivative transactions. While processing its clients’ OTC derivative transactions, CACEIS helps to ensure that each stage of their lifecycle is compliant with the new regulations such as EMIR, Dodd-Frank and Basel III.

Fully integrated with CACEIS’s Asset Servicing offering, Collateral Express offers access to electronic affirmation platforms to reduce confirmation time frames; systematic, daily, independent valuation of all OTC instruments, from plain vanilla to complex products and regular reconciliation with counterparties according to frequencies defined by the regulators.

The offering comprises transformation, substitution, financing and reinvestment of collateral as well as the optimisation of securities collateral, depending on their situation and investment rules.

It includes access to clearing houses via clearers; reporting of transactions to trade repositories from the following day; calculation and regular reconciliation of margin calls; management of collateral in the form of securities or cash and combined reporting of cleared and bilateral transactions.

CACIES also ensures the secure custody of collateral against the counterparty in accordance with the recommendations of the Basel Committee on margin requirements for non-cleared derivatives (BCBS-IOSCO).

Speaking about the launch of this new product, Laurent Durdilly, CACEIS Products and Solutions director, stated: “With Collateral Express, CACEIS now offers its clients a global and consolidated view of their collateral by counterparty, irrespective of whether the underlying assets are OTC derivatives, forex, listed derivatives, securities lending or Repo, etc. Collateral Express is the solution for optimizing a resource that has become critical for the functioning of the financial system and for our clients.”