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Collateral management technology in focus
22 June 2010
The demise of Bear Stearns and Lehman Brothers has led to a boom in the collateral management technology industry, according to a report released by Finadium
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Collateral management technology Finadium
The demise of Bear Stearns and Lehman Brothers has led to a boom in the collateral management technology industry, according to a report released by Finadium, a consulting firm for the financial services and financial technology industries.
The global economic crisis showed that collateral management represents real risks, and firms that fail to manage those risks appropriately can fail suddenly and unexpectedly.
The report shows that even though over-the-counter derivative trading volumes have fallen from their June 2008 high, there is still over $600 trillion in OTC and listed derivatives trading activity in the markets, all of which requires collateral management.
Events of the last couple of years have seen firms re-evaluate their business practices and multiple factors are driving demand for collateral management technology, including more firms passing their internal thresholds for document and counterparty payment exposure.
While some large...
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