Collateral management
n The TRADE Derivatives guide
Onboarding
4sight is experienced in
complex global
implementation for clients of
all sizes. It provides support
and implementation for its
solution through in-house
professional services and
support teams. It has global
support services available to
clients through its worldwide
office network.
4sight’s Xpose collateral management system
offers cross-product collateral
management and
optimisation for securities
lending, reporting and
derivatives. By supporting the
full lifecycle with straight
through processing, the
process is highly automated
to increase efficiency.
Features
The system offers cross
product inventory and
exposure management and
collateral booking. The
platform enables users to
utilise its margin call
workflow with colour coded
dashboards and dispute
resolution services.
For OTC derivatives, Xpose
offers automated updates of
collateral schedules through
feeds from central
counterparties (CCPs), and
modeling of each CCP, broker
and futures commission
merchant’s eligibility and
haircut schedules. Additionally,
collateral optimisation
algorithms can provide the
cheapest deliverable collateral
that a CCP will accept.
Users further benefit from
integrated collateral
transformation capabilities
through 4sight’s securities
lending and repo functionality.
Collateral can also be
reinvested and the re-use of
client collateral is possible
through rehypothecation.
Many services are
configurable, including
elgibility, concentration and
haircut schedules.
Transaction lifecycle
support
Xpose supports the full
derivatives collateral
management lifecycle. Its
system benefits from full
front-to-back-office
processing, including CCP
margining, settlement and
reporting functions. Straight
through processing of margin
calls also reduces manual
intervention in the process.
4sight Xpose
Transaction lifecycle
support
The system offers full
derivatives transaction
lifecycle from front-to-back-office for all exchange-traded
and OTC instruments including
pricing, position keeping, desk
level risk (Greeks etc),
hedging, valuations,
confirmations, trade matching,
settlement and payment, cash
management, corporate
actions and accounting.
Onboarding
Calypso Technology’s
Professional Services group
operates globally and
conducts full implementation,
working alongside client staff
and third-party systems
integrators.
Calypso offers comprehensive collateral
management for all cross-asset cleared and bilateral
trades including agreement
management, margin call
management (calculation, call
workflow, notifications,
approvals, dispute
management, forward
projections), interest
management, cash flow
loading, inventory
management and
optimisation.
It is capable of managing all
collateral types: cash (
multi-currency) and securities (both
bonds and equities). It
supports trading in all asset
classes FX/MM, depos &
loans, fixed income,
commodities, equities,
securities lending, repo,
exchange-traded and OTC
derivatives.
Features
Calypso’s service provides
comprehensive OTC central
clearing capability covering
interest rate swaps (IRS),
overnight index swaps (OIS),
zero coupon swaps, single
currency basis swaps, variable
notional swaps, forward rate
agreement (FRA) and FX non-deliverable forwards.
Trade processing includes
account configuration, fee
management, trade message
processing, settlements and
payments, operations and
settlements. Calypso
performs both end-of-day
and intraday processing
including central counterparty
(CCP) end of day file
downloads and processing,
regulatory reports, intraday
allocations, substitutions and
margin calls. The system
calculates OTC margins, risk
and limits; it also performs
collateral management for
CCP clearing. Interfaces
include CME, LCH.Clearnet
and ICE.
Calypso performs collateral
transformation for high-to-
low and low-to-high grade
transformations.
Transformation trades can be
maintained on a segregated
or omnibus basis.
Calypso Technology
