Omgeo Integrates Collateral Management System with DTCC-Euroclear Utility

Omgeo has integrated its front-end collateral management system with Margin Transit Utility, a solution jointly developed by the Depository Trust & Clearing Corporation (DTCC) and Euroclear to deliver STP of the settlement of margin obligations.

The solution provides Omgeo ProtoColl clients a view of all transactions processed in the MTU form the existing ProtoColl user interface, streamlining margin call activities and enabling better monitoring of the collateral management process from a single interface.

ProtoColl aims to make collateral management more efficient via a rules-based workflow approach, allowing for exception-based processing on reconciliation, counterparty exposure, collateral optimization, auto-fulfillment of pledged assets, and downstream notification. MTU streamlines and brings automation and transparency to collateral movements and settlement. By integrating ProtoColl with the MTU, ProtoColl clients can better manage their collateral process while receiving a near-real-time view into the settlement statuses of their pledging activity.

“Our clients have been asking for ProtoColl to be linked with the MTU in order to ensure that activities taking place within the MTU seamlessly integrate with ProtoColl functionality. By doing so, users will benefit from a uniform experience, while enabling them to further automate their collateral processes, reduce counterparty risk, and allow them to more efficiently manage all areas of the collateral workflow,” says Tim Keady, DTCC’s chief client officer.