KUALA LUMPUR, March 5 (Bernama) -- Consulting services and system solutions provider, Nomura Research Institute, Ltd. (NRI) has updated its I-STAR/CORE for international Financial Stability Board (FSB)’s Standards and Processes for Global Securities Financing Data Collection and Aggregation.
The system updates have been completed and the company has been offering the service, beginning Jan 4.
Following the updates, I-STAR/CORE users can set different collateral management and contract details, according to each user company, client and trade.
Using a combination of I-STAR’s existing functions such as contract management, cash collateral and substitute collateral management and account attribute management, the new functionality enables the users to report automatically in compliant with the FSB’s guidelines.
NRI managing director, Masaaki Yamazaki said the company was consistently working to assure that its solutions and services met the latest compliance standards across international marketplaces.
“Our development team is committed to assuring that our partners and customers in the securities sector are able to maintain the highest standards of collateral and contract management”.
FSB’s Standards and Processes for Global Securities Financing Data Collection and Aggregation was published in November 2015.
It defines the data elements for repos, securities lending and margin lending that national and regional authorities asked to report as aggregates to the global aggregator to detect financial stability risks and develop policy responses.
More information at https://www.nri.com/fit
-- BERNAMA
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