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Omgeo addresses collateral management needs
19 June 2012
Omgeo sees more demand for automated collateral management solutions
Omgeo has updated its automated collateral management solution to help market participants meet new rules for the clearing of OTC derivatives under Dodd-Frank and Emir.
The new version of ProtoColl provides a single, holistic view of collateral exposures across bilateral and centrally cleared (CCP) OTC derivative trades, as well as exchange-traded derivatives, repos and securities lending. The enhancements allow users to carry out counterparty risk management procedures and show the results to regulators and investors.
Ted Leveroni, executive director of derivatives strategy and external relations at Omgeo, said there will always be a need for both bilateral and centrally cleared capabilities. He added that Omgeo is seeing more focus on automated collateral solutions as firms are realising they need to prepare their internal processes ahead of the implementation of new regulations.