BNP Paribas Securities Services extends initial margin services in APAC ahead of new rules
The bank’s initial margin service will enable APAC-based firms to outsource their initial margin models and processes ahead of the incoming UMR rules.
Tag: collateral management
State Street recruits BNY Mellon duo to bolster financing solutions and collateral teams
Custodians are under scrutiny from their buy-side clients to develop new collateral management capabilities in order to help minimise the impact of UMR.
Pirum extends connectivity with JP Morgan tri-party
Development allow collateral providers and receivers to fully automate their RQV processing.
State Street retains collateral services agreement with Union Investment
State Street will continue to provide collateral management services for the complete mutual fund range of Union Investment in Germany and Luxembourg.
BNY Mellon goes live with buy-side collateral messaging service
The new service enables investment managers to retain control over the collateralisation of their non-cleared derivatives activities.
Transcend to use fundraising to upscale collateral management services for custodians
Transcend aims to use the new funding to rapidly scale product and sales infrastructure for custodian banks and prime brokers.
Finastra and CloudMargin collaborate for collateral management-as-a-service
The two vendors will offer a joint solution facilitating end-to-end straight-through processing of derivatives transactions and collateral management workflows.
CloudMargin secures $15 million from Citi, Deutsche Bank, and Deutsche Börse
Primary investors Citi, Deutsche Bank, and Deutsche Börse raised $15 million for CloudMargin in its largest funding round to date.
Buy-side firms still overwhelmingly unprepared for uncleared margin rules from 2021
The study from State Street of 300 buy-side firms showed less than a fifth were fully ready to comply from September 2021 or September 2022.
BNY Mellon appoints Goldman Sachs veteran to oversee capital markets businesses
BNY Mellon has centralised the leadership for the custodian’s capital markets businesses which include Pershing, Clearance and Collateral Management, and Markets.