LONDON, Oct 15 (Bernama-BUSINESS WIRE) -- SmartStream, the financial Transaction Lifecycle Management (TLM) specialist, today announced the launch of TLM Collateral Management adaptor to provide a full lifecycle of trading messages for the non-clearing OTC derivatives market. SmartStream were able to rapidly deliver the adaptor using technologies already in production with SmartStream’s TLM solutions.
The International Organization of Securities Commissions (IOSCO) and the Basel Committee have developed risk mitigation standards for the non-clearing OTC derivatives market. Firms dealing in non-standardised OTC derivatives will be in a similar position to cleared derivatives and will be obliged to post both initial margin and variation margins when trading. Therefore trading desks, along with collateral managers, are keen to understand which assets should be preserved for use as collateral and which, potentially, are available for trading.
http://mrem.bernama.com/viewsm.php?idm=25493
No comments:
Post a Comment