State Street has enhanced its financial reporting and collateral services to help clients to comply with regulations manage risk and automate their disclosure requirements.
With the new ProNavigator asset managers can automate their registration forms (including the prospectus and statement of additional information) in multiple formats. The new service provides clients with one source document that intends to reduce the risk of regulatory reporting errors, lowers typesetting and EDGAR conversion costs and streamlines production review and sign-off.
State Street has also expanded its tri-party collateral custody capabilities to all clients and broker dealers to help mitigate risk and maintain control of pledged assets. The new solution, Collateral Custody Service, provides a segregated account structure and can be offered as an independent, stand-alone service or as a component of broader solutions. It compliments State Street's DerivOne suite, an end-to-end service that includes custody and accounting, collateral management, valuation, and risk and analytics. Additionally, State Street has strengthened its collateral management service to incorporate margin automation technology.